2605 Philadelphia Ave Chambersburg, PA 17201-7908
Property profile & analytics
2605 Philadelphia Ave, Chambersburg, PA 17201-7908
- Retail space
- 12.00 lot acres
Property ID
US73-3183144
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
- Dollar Tree / Discount Store
Property Details for 2605 Philadelphia Ave
- Lot size
- 12.00 lot acres
- Property type
- Retail space
- APN
- 09-C12-34A
- APU
- 09C1234A
Description
This exceptional 78,462 square-foot shopping center in Chambersburg, Pennsylvania, presents a compelling investment opportunity. Boasting a 100% occupancy rate with nine tenants, including a major anchor tenant, Orrstown Bank, occupying 66% of the gross leasable area (GLA) and having 4.5 years remaining on their lease. The property features a strong tenant mix with a weighted average lease term (WALT) of 3.8 years and an average tenant occupancy of 10.8 years. Nearly 80% of the income benefits from 2% annual rent bumps, ensuring consistent revenue growth. The property benefits from a predominantly NNN lease structure, with only three tenants (19% of GLA) not having management pass-throughs. Built in 1980 and extensively renovated in 2020, the single-story building sits on a 12-acre lot offering ample parking and potential for outlots. Located near Letterkenny Army Depot and adjacent to a McDonald's, the center enjoys a prime location with minimal nearby retail competition. The property features a new roof (2021) with a 15-year warranty. The asking price is $9,600,000, representing a compelling 8.02% cap rate and a price per square foot of $122.35, positioned below replacement cost. This fee-simple ownership opportunity offers significant potential for long-term appreciation and stable cash flow.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $7,175,000
- ML approach
- $8,075,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Chambersburg
- County
- Franklin
- State
- Pennsylvania
- Longitude
- -77.6344
- Latitude
- 39.9722
- CBSA code
- 16540
- CBSA name
- CHAMBERSBURG, PA MICROPOLITAN 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
$61,602
$48,000
$342,380
$390,380
-
$48,000
$342,380
$390,380
