424 Gateway AveChambersburg, PA 17201

Property Details for 424 Gateway Ave

Lot size

6.62 AC

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

03-1C-167

APU

031C167

Description

Gateway Center, located at 424 Gateway Avenue in Chambersburg, Pennsylvania (zip code 17201), is a single-story, 49,882 square foot retail center built in 2007. Situated on a 6.62-acre lot, this property boasts excellent visibility from I-81, a key advantage in a thriving retail corridor. The building features four convenient access points off Gateway Avenue and Walker Road, providing easy access to Route 30. Its strategic location places it in close proximity to major retailers including Target, Giant, PetSmart, Kohl's, and Starbucks, ensuring high traffic and strong consumer presence. The property is zoned for Distributive Commercial Highway use within Franklin County and offers 3-phase, 240-volt, 250-amp power. This presents a significant opportunity for businesses seeking a prime location in a rapidly growing area with robust residential, retail, and distribution demand. The single-tenancy building offers a substantial space for a variety of retail uses. This property is ideal for businesses looking to capitalize on the strong economic activity and high consumer traffic in this established retail hub.

• CAP approach

  CAP return

  Valuation

  6%

  $61,524,952

  6.5%

  $56,792,264

  7%

  $52,735,676

• Comparable approach

  Method

  Valuation

  Relative Method

  $29,452,980

  Geo Method

  $57,656,096

• Alternative Use

  Use

  Valuation

  Residential

  $70,422,408

  Hospitality

  $64,506,548

  Educational

  $53,668,692

  Medical

  $55,514,440

  Retail

  $83,484,632

Location Insight

City

Chambersburg

County

Franklin

State

Pennsylvania

Latitude

39.9357

Longitude

-77.6333

CBSA code

16540

CBSA name

CHAMBERSBURG, PA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].