1970 Scotland AveChambersburg, PA 17201

Property Details for 1970 Scotland Ave

Lot size

0.37 AC

Property type

Office buildings

APN

02-1C-150A

APU

021C150A

Description

This exceptional 2,640 square foot mixed-use building at 1970 Scotland Avenue in Chambersburg, PA, presents a unique investment opportunity. Situated on a 0.37-acre lot, the property boasts a convenient blacktop parking lot with ample space for twelve vehicles. The building's versatile layout includes a welcoming reception area and waiting room at the front entrance, perfect for client interaction. Multiple offices and conference rooms provide flexible workspace, complemented by a well-equipped kitchen and two additional bathrooms. A significant advantage is the potential to generate rental income from a separate office space, complete with its own private entrance, independent heating and cooling systems, and dedicated bathroom facilities. Recent upgrades enhance the property's value and appeal, including the installation of two brand-new HVAC units, a fresh coat of paint throughout, and new window treatments. Some existing furniture is included in the sale, further streamlining the transition for a new owner. Priced at $600,000, this property offers a compelling blend of functionality, convenience, and income potential, making it an ideal acquisition for a discerning investor or business owner seeking a prominent Chambersburg location. The property's excellent condition and recent improvements minimize immediate capital expenditure needs, allowing for a swift return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $3,438,666

  6.5%

  $3,174,153

  7%

  $2,947,428

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,646,144

  Geo Method

  $3,222,433

• Alternative Use

  Use

  Valuation

  Residential

  $3,935,950

  Hospitality

  $3,605,308

  Educational

  $2,999,574

  Medical

  $3,102,734

  Retail

  $4,666,004

Location Insight

City

Chambersburg

County

Franklin

State

Pennsylvania

Latitude

39.9558

Longitude

-77.6341

CBSA code

16540

CBSA name

CHAMBERSBURG, PA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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