71 Conestoga DrShippensburg, PA 17257

Property Details for 71 Conestoga Dr

Lot size

1.54 AC

Property type

Retail properties

Property subtype

Drive through restaurants

APN

36-12-0320-037

APU

36120320037

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $21,039,192

  6.5%

  $19,420,794

  7%

  $18,033,594

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,265,940

  Geo Method

  $10,634,724

• Alternative Use

  Use

  Valuation

  Residential

  $16,382,166

  Hospitality

  $15,005,976

  Educational

  $12,484,796

  Medical

  $12,914,167

  Retail

  $19,420,794

Location Insight

City

Shippensburg

County

Cumberland

State

Pennsylvania

Latitude

40.0605

Longitude

-77.4966

CBSA code

25420

CBSA name

HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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