62 King St Shippensburg, PA 17257-1344
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.