62 King St Shippensburg, PA 17257-1344
- Retail space
- 1,864 SF
- 0.19 lot acres
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
-
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