Technical
Financial
Distress signals
Property profile

1056 Wayne Ave Chambersburg, PA 17201

FOR LEASE
Retail space
Property ID
US73-3482167
7.03 ac lot
Individually Owned 13-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 15,000 square foot commercial land parcel, located at 1056 Wayne Ave in Chambersburg, Pennsylvania, presents a unique investment opportunity. Situated in Franklin County, this single-tenant property offers significant potential for development. The expansive lot provides ample space for a variety of commercial ventures, allowing for substantial building construction. The property's zoning (not specified in provided data) will dictate permitted uses, which should be verified independently. The address is conveniently located within Chambersburg, offering easy access to major transportation routes and a thriving local economy. The total buildable square footage is not explicitly stated, but the existing land area suggests a considerable capacity for development. This property is being offered for lease, providing a flexible option for businesses seeking to establish a strong presence in a desirable location. Interested parties are encouraged to conduct their own due diligence to assess the suitability of the land for their specific commercial needs. The property's precise location (latitude 39.9108408, longitude -77.6530755) and zip code (17201) can be used for further location analysis and planning. This is a rare opportunity to acquire a substantial commercial land parcel in a growing Pennsylvania market. Further details regarding lease terms and conditions are available upon request. The property is currently vacant and ready for immediate development.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Lot 7.03 ac (306,227 SF)
APN 06-1F-4A
UPID US73-3482167

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bank Credit Union
  • Pharmacy
  • Atm
  • Atm
  • Grocery & Convenience Store Food Market

Location

1056 Wayne Ave Chambersburg, PA 17201
Chambersburg metro Census 10800 CHAMBERSBURG, PA MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2012
1 recorded transaction
2012
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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