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494 E King St 2,026 SF 100% Leased Office Building Shippensburg, PA 17257 $657,110 CAD ($324.34 CAD/SF) 6.69% Cap Rate
EXECUTIVE SUMMARY
Excellent location for this well maintained commercial property. Features fully rented units. Commercial office leased at $1,750/mo through October, 2027. The 1 BR rental is on month to month lease and rents for $900/mo. Exceptional commercial lot with .49 acre featuring ample parking, visibility and an ingress/egress, on King St, Richwalter, and the rear alley. Landlord pays following utilities: Average Elec $150-$200/mo. Average gas: $125/mo. W/S/T : $230-$250/qt. Don't pass up this great investment opportunity! .
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
2,026 SF
Building Class
C
Year Built/Renovated
1930/2022
Price
$657,110 CAD
Price Per SF
$324.34 CAD
Cap Rate
6.69%
NOI
$43,992 CAD
Percent Leased
100%
Building Height
2 Stories
Typical Floor Size
1,013 SF
Building FAR
0.11
Lot Size
0.41 AC
Zoning
C1 - Commercial
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PROPERTY TAXES
| Parcel Number | 32-33-1869-101 | Improvements Assessment | $65,090 CAD |
| Land Assessment | $89,218 CAD | Total Assessment | $154,308 CAD |
PROPERTY TAXES
Parcel Number
32-33-1869-101
Land Assessment
$89,218 CAD
Improvements Assessment
$65,090 CAD
Total Assessment
$154,308 CAD
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494 E King St
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