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Property profile & analytics
OFF-MARKET
Retail space

62 King St Shippensburg, PA 17257-1344

1,864 SF 0.19 ac lot
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US73-1371038
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Total area 1,864 SF
Lot 0.19 ac (8,276 SF)
APN 33-34-2415-019
UPID US73-1371038
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Spg Cap LLC · 5 yrs held
Spg Cap LLC
since 2020
Last sale
$180,000
5 recorded transactions
2022
Price N/A
2021
Price N/A
2021
Price N/A
2020
$180,000
2020
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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