1 Airport Rd Shippensburg, PA 17257-9402
Property profile & analytics
1 Airport Rd Shippensburg, PA 17257-9402
- Grocery and convenience stores
- 1.77 lot acres
Property ID
US73-1575593
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Grocery and convenience stores
Property Details for 1 Airport Rd
- Lot size
- 1.77 lot acres
- Property type
- Grocery and convenience stores
- APN
- 36-12-0320-016
- APU
- 36120320016
Description
This exceptional Class A multifamily investment opportunity presents 48 units across four three-story buildings situated at 1 Airport Rd, Shippensburg, PA 17257. The property, known as Shippensburg Commons, is zoned for multi-family use and offers a compelling investment prospect in Cumberland County. The existing development comprises a well-maintained portfolio of single-family rental units, providing immediate cash flow. An attractive feature is the availability of a retail pad site, presenting significant potential for added revenue streams or strategic development. Furthermore, approved plans exist for the construction of up to four buildings, allowing for future expansion and increased profitability. The property's location in Shippensburg, Pennsylvania, offers convenient access to local amenities and transportation networks. This turnkey investment is ideal for experienced investors seeking a stable, high-performing asset with significant upside potential. The 48-unit portfolio provides a substantial scale for efficient management and strong returns. The approved plans for additional buildings represent a unique opportunity to further enhance the property's value and rental income. This is a rare chance to acquire a well-established multifamily property with significant expansion possibilities in a desirable Pennsylvania location. The combination of existing income and future development potential makes this a truly exceptional investment opportunity.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Shippensburg
- County
- Cumberland
- State
- Pennsylvania
- Longitude
- -77.4965
- Latitude
- 40.0585
- CBSA code
- 25420
- CBSA name
- HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$22,385
$442,500
$849,800
$1,292,300
-
$442,500
$849,800
$1,292,300
