1005 Wayne Ave Chambersburg, PA 17201
- Investment properties
Current Use by Public Records
- Rural King Tractors / Tractor Dealer / Tractor Repair Shop
- Rural King - Farm and Home Store / Farm Equipment Supplier
- Rural King / Farm Equipment Supplier
- Chambersburg Towne Center / Shopping Mall
- Sears Appliance Repair / Air Conditioning Repair Service / Furnace Repair Service
Property Details for 1005 Wayne Ave
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 06-1E-89-1
- APU
- 061E891
Description
Chambersburg Towne Center, a thriving 115,899 square-foot shopping center situated on Wayne Avenue in Franklin County, presents a compelling investment opportunity. This multi-tenant property currently boasts a strong lineup of established businesses, including anchor tenants Rural King and Save A Lot, complemented by Power Train Fitness and Goodwill. The center offers immediate availability of inline retail spaces ranging from 2,000 to 7,000 square feet, providing flexibility for various business needs. A highly visible pad site is also available for development, presenting an exceptional opportunity for expansion or a new anchor tenant. The property sits on a 1.25-acre lot, ensuring ample space for customer parking and convenient access. With its prime location and existing tenant base, Chambersburg Towne Center offers a stable and attractive investment prospect with significant growth potential. The current vacancy rate is minimal, indicating strong demand and a healthy occupancy level. This is an exceptional opportunity to secure a presence in a well-established and successful retail center. Contact us today to learn more about the available spaces and explore the possibilities.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $5,565,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $5,080,000
- 6.5%
- $5,735,000
- 7%
- $4,935,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $5,315,000
- Geo Method
- $5,440,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $5,850,000
- Retail
- $6,065,000
- Mixed-Use
- $5,610,000
- Hospitality
- $5,140,000
- Educational
- $5,690,000
- Residential Income
- $6,460,000
- Energy
- $6,875,000
- Income-Based Land
- $5,760,000
- Food Service
- $6,650,000
Location Insight
- Map
- Local Demand
- City
- Chambersburg
- County
- Franklin
- State
- Pennsylvania
- Longitude
- -77.6522
- Latitude
- 39.914
- CBSA code
- 16540
- CBSA name
- CHAMBERSBURG, PA MICROPOLITAN STATISTICAL AREA
