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Property profile & analytics

62 King St Shippensburg, PA 17257-1344

  • Retail space
  • 1,864 SF
  • 0.19 lot acres
OFF-MARKET
Value Estimation
$145,000
Last Sale
Nov 24, 2020
$180,000
Location Intelligence
Property ID
US73-1371038
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.

Current Use by Public Records

  • Retail space

Property Details for 62 King St

Lot size
0.19 lot acres
Property size
1,864 SF
Property type
Retail space
APN
33-34-2415-019
APU
33342415019

Description

This exceptional commercial investment property, located at 62 E King Street in Shippensburg, Pennsylvania, presents a compelling opportunity for savvy investors. The 8,200 square foot building sits on a 0.19-acre lot and comprises a diverse mix of five units: two retail spaces and three residential spaces. Currently, there is one vacant retail space and two vacant residential units, offering immediate potential for rental income generation and value enhancement. The property has undergone some renovations and updates by the previous owner, providing a solid foundation for a new owner to personalize and further improve. Detailed property and utility information is available in the associated documents. The asking price for this prime Shippensburg investment is $449,900. This presents a rare chance to acquire a multi-unit property with a blend of retail and residential uses in a desirable location. The existing infrastructure and partial renovations minimize upfront capital expenditure, allowing for a quicker return on investment. The vacant units offer flexibility for tailoring the property to meet specific market demands and maximizing rental income. Don't miss this chance to secure a valuable addition to your investment portfolio. Contact us today to schedule a viewing and explore the possibilities.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $155,000
  • CAP approach

    CAP return
    Estimation
    6%
    $125,000
    6.5%
    $110,000
    7%
    $110,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $105,000
    Geo Method
    $120,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $130,000
    Retail
    $110,000
    Mixed-Use
    $105,000
    Hospitality
    $130,000
    Educational
    $120,000
    Residential Income
    $115,000
    Energy
    $115,000
    Income-Based Land
    $120,000
    Food Service
    $120,000

Location Insight

  • Map
  • Local Demand
City
Shippensburg
County
Cumberland
State
Pennsylvania
Longitude
-77.5187
Latitude
40.0508
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
$3,781
$49,700
$145,300
$195,000
-
$49,700
$145,300
$195,000
More about this property
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