153 Orange StShippensburg, PA 17257

Property Details for 153 Orange St

Lot size

0.68 AC

Property type

Retail properties

Property subtype

Banks

APN

34-34-2417-130

APU

34342417130

Description

This exceptional mixed-use property at 153 W Orange Street, Shippensburg, PA, presents a unique investment opportunity. Boasting 2,312 square feet on a 0.68-acre lot, this building enjoys a highly visible location just one block from King Street, at the intersection of Morris and West Orange Streets. Its strategic placement ensures high traffic visibility and accessibility. The property features two restrooms and a convenient drive-up window, ideal for various business models. Ample space is available for a lobby and offices, complemented by 20 designated parking spaces, ensuring convenience for both employees and customers. Currently occupied by a tenant under a lease that transfers to the new owner and expires June 30, 2026, with a potential buyout option. This presents a chance to acquire a well-situated property with immediate income potential, or to reposition the space for a new business venture. The property's size, location, and amenities make it an attractive prospect for a wide range of commercial uses. The recent price reduction makes this an even more compelling investment opportunity in the thriving Shippensburg market. Don't miss this chance to own a piece of Shippensburg's commercial landscape. The asking price is $399,000.

• CAP approach

  CAP return

  Valuation

  6%

  $9,290,151

  6.5%

  $8,575,524

  7%

  $7,962,987

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,624,018

  Geo Method

  $8,742,586

• Alternative Use

  Use

  Valuation

  Residential

  $7,233,776

  Hospitality

  $6,626,100

  Educational

  $5,512,837

  Medical

  $5,702,432

  Retail

  $8,575,524

Location Insight

City

Shippensburg

County

Cumberland

State

Pennsylvania

Latitude

40.0466

Longitude

-77.5266

CBSA code

25420

CBSA name

HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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