For Sale
$3,750,000

1090 Wayne AveChambersburg, PA 17201

Prime Chambersburg location, redevelopment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 4.6-acre industrial property, located at 1090 Wayne Ave, Chambersburg, PA 17201, presents a compelling redevelopment opportunity. The site boasts a 29,402 square foot, single-story, Class B industrial/flex building with four loading docks and 24-foot ceilings. Currently configured as a single-tenant space, the property offers significant upside potential. Its strategic location at a signalized intersection directly off the I-81 cloverleaf ensures high visibility and accessibility, with impressive daily traffic counts. The Heavy Manufacturing zoning allows for a multitude of uses, including wholesale distribution, retail, restaurants, medical facilities, and storage. The property's proximity to major transportation arteries—only 60 miles from Harrisburg, PA, and 100 miles from Baltimore, MD—further enhances its appeal. With a pro-forma NOI of $367,525 and a pro-forma cap rate of 9.80%, this fee-simple offering presents a strong investment opportunity. The asking price is $3,750,000 ($127.54/sq ft). Built in 1900, this site benefits from the significant growth in Chambersburg, which has seen a 993.7% increase in leased square footage since 2022. The property's versatility and prime location make it an ideal candidate for various redevelopment projects.

Highlights

  • $3,750,000 asking price for a 29,402 SF industrial property.
  • Located at 1090 Wayne Ave, Chambersburg, PA 17201, on a 4.6-acre lot.
  • Heavy Manufacturing zoning allows for diverse uses including wholesale, retail, restaurants, and medical facilities.
  • Prime location at a signalized intersection directly off the I-81 cloverleaf, offering high visibility and traffic counts.
  • Features include 4 loading docks, 24' ceiling height, and a single-tenant, fee-simple ownership.

Property Details for 1090 Wayne Ave

Property type
Warehouses, Industrial properties
Square Feet
29,402 SF
Class
B
Year Built
1900
Buildings
1
Stories
1
Lot Size (sq. ft)
200,376 SF
Units
1

Location Insight

City
Chambersburg
County
Franklin
State
Pennsylvania
Latitude
39.9097104
Longitude
-77.6506594
1090 Wayne Ave, Chambersburg, Pennsylvania

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1090 Wayne Ave
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