Property profile

71 Conestoga Dr Shippensburg, PA 17257

FOR LEASE
Drive through restaurants
Property ID
US73-2492590
1.54 ac lot
Entity Owned 21-yr Hold Absentee Owner Free & Clear
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71 Conestoga Dr, Shippensburg, PA 17257 For Lease
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71 Conestoga Dr, Shippensburg, PA 17257
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Property summary

AI-generated overview

The Shoppes at Conestoga, located at 71 Conestoga Dr in Shippensburg, PA (17257), presents a unique redevelopment opportunity in Cumberland County. This 12,230 square foot retail property sits on a 5.61-acre lot and offers exceptional visibility at the entrance to a Walmart and a soon-to-be-built Parx Casino. Currently, the entire 12,230 square feet is vacant, providing flexibility for a variety of retail uses. The property is comprised of three suites, offering spaces ranging from a minimum of 1,200 square feet to a maximum contiguous space of 7,400 square feet. The owners are open to subdividing the larger space to accommodate specific tenant needs. This prime location benefits from a strong customer base, including residents of the area and the substantial student population of Shippensburg University (over 6,300 students). The property's strategic placement makes it an ideal location for businesses seeking high traffic and convenient access to a large consumer market. This redevelopment project offers a chance to establish a thriving retail presence in a rapidly growing area. The property's size and layout provide ample opportunity for customization and tenant build-out. Contact us today to learn more about this exciting opportunity.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Lot 1.54 ac (67,082 SF)
APN 36-12-0320-037
UPID US73-2492590

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant Take-out & Catering

Location

71 Conestoga Dr Shippensburg, PA 17257
Shippensburg metro Census 13103 HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$245k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

since 2005
1 recorded transaction
2005
$300,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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