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$599,000

Beds
Unknown
Baths
1.5
sq ft
Unknown

140 W Orange St, Shippensburg, PA 17257

140 W Orange St

SHIPPENSBURG, PA 17257

  • 59 days on market
    • Price drop $100,000↓
Business is moving! An incredible investment opportunity awaits with this spacious 7600 sq ft building. It offers 19 off-street parking spaces, ensuring easy access for customers and employees. The front of the building was fully re-faced to give it an attractive appearance! The lower level has been tastefully updated, featuring three restrooms for convenience. With two retail counters in each room and ample space to add seating, this area offers diverse business opportunities. The presence of changing rooms further enhances its versatility. Formerly a laundromat, it retains all plumbing in the walls, allowing for an easy conversion back if desired. The building is equipped with 3-phase electric and newly replaced A/C and heating units powered by natural gas. At the rear, a separate room houses a 14'x10' automatic garage door, with an additional framed garage door currently covered with drywall. The 12' ceiling height makes it ideal for an auto shop or for facilitating easy delivery access. The expansive upper level has been reinforced to support additional weight, providing a solid foundation for various uses. Exterior access to the upper level offers the opportunity to separate the spaces, enhancing flexibility. This space could be finished to live upstairs and run business below! This level features two office spaces, water access, and newly installed central heating and air. Bursting with income-producing potential, this building is an ideal investment for those looking to capitalize on its numerous features and versatile spaces. Don't miss this chance to secure a property that combines functionality with profitability!

Details

Property type

Single Family Residence

Est. home value

$408,366

Lot size

0.27 acres

Price per sq ft

Unknown

Year built

1988

Annual property taxes

$4,948

HOA

No

Price History

09/12/2024
Bright

Bright #PACB2033906

Price change
$599,000
-14.31%
08/07/2024
Bright

Bright #PACB2033906

Listed
$699,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

SHIPPENSBURG AREA

School district: 

SHIPPENSBURG AREA

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Thomas P Gleason Etal

Loan start date

November 2023

Original loan amount

$80,000

Est. remaining balance

Not provided

Interest rate

7.18%

Loan type

Not Provided

Seller

C H Young Llc and Kayla A Young

Lender

Orrstown Bank

Loan start date

July 2021

Original loan amount

$280,000

Est. remaining balance

Not provided

Interest rate

2.96%

Loan type

Purchase Money Mortgage

Seller

C H Young Llc and Kayla A Young

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 10/05/2024 at 2:10 AM

Listing updated: 09/12/2024 at 12:26 PM

Listed by: Carrie E Gardner, Realty One Group Golden Key Phone #: (717) 300-3191

MLS: Bright #PACB2033906

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