2605 Philadelphia Ave Chambersburg, PA 17201
Chambersburg, PA Retail Investment
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 134
Highlights
- 78,462 square-foot shopping center in Chambersburg, PA.
- Orrstown Bank anchors the center with a 4.5-year lease, comprising 66% of GLA; average tenant occupancy is 10.8 years, and the WALT is 3.8 years.
- Only three tenants (19% of GLA) are not on NNN leases with management pass-throughs.
- The property features a mix of long-term and short-term leases with limited available space.
- Ample parking is available, with potential for outlots; adjacent to a McDonald's.
- Offered below replacement cost; 2021 roof with a 15-year warranty; minimal nearby competition.
Property Details for 2605 Philadelphia Ave
- Property type
- Lifestyle centers, Power centers
- Square Feet
- 78,462 SF
- Year Built/Renovated
- 1980/2020
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 522,720 SF
- Units
- 9
Location Insight
- City
- Chambersburg
- County
- Franklin
- State
- Pennsylvania
- Latitude
- 39.971566811163
- Longitude
- -77.632733416727
Nearby Similar for Sale
FAQs
- What type of property is this?
- Lifestyle center - Chambersburg, PA Retail Investment
- Where is the lifestyle center located?
- The property is located at 2605 Philadelphia Ave Chambersburg, PA.
- What is the asking price?
- The asking price for this property is $9,600,000.
- What are key features of this property?
- This property features: 78,462 square-foot shopping center in Chambersburg, PA.; Orrstown Bank anchors the center with a 4.5-year lease, comprising 66% of GLA; average tenant occupancy is 10.8 years, and the WALT is 3.8 years.; Only three tenants (19% of GLA) are not on NNN leases with management pass-throughs.
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