204 Chambersburg St Gettysburg, PA 17325-1120

Property Details for 204 Chambersburg St

Lot size

0.17 lot acres

Property type

Investment properties

Property subtype

Retail residential properties

APN

16 007-0267A--000

APU

160070267A000

Description

This exceptional commercial property, located at 204 Chambersburg Street in Gettysburg, Pennsylvania, presents a unique investment opportunity. The 5,173 square foot building currently operates as The Salon Suites of Gettysburg, a fully leased, turn-key operation housing seven individual suites. Each suite is independently leased to long-term tenants, generating over $70,000 in annual gross rental income. The property boasts a waiting list of prospective tenants, ensuring consistent occupancy. Recent improvements include a new metal roof, updated HVAC system, and upgraded electrical. Additional income potential exists through the conversion or rental of two rear garage areas, potentially creating additional suites or storage space. Four to six parking spaces are available at the rear of the building for tenant use. This well-maintained property offers a strong return on investment with the security of established, consistent income streams and a proven business model. The property is situated in the heart of downtown Gettysburg, providing excellent visibility and accessibility. This is a rare opportunity to acquire a profitable, established business with significant upside potential. The asking price is $619,000.