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247 Baltimore St 3,762 SF 100% Leased Retail Building Gettysburg, PA 17325 $525,000 ($139.55/SF) 16.38% Cap Rate
Investment Highlights
- Rare opportunity to acquire a highly visible commercial property
- Paved, rear lot offers accessible parking to the property along with front street parking
- Floorplan is favorable for professional, office, and retail users
- Neighbors include professional businesses, historical sites, and local shops
Executive Summary
This three-story commercial building offers a flexible layout well-suited for a variety of professional, office, retail, or mixed-use users. Each floor features a combination of private offices, restrooms, meeting areas, conference space, and storage, providing functionality and versatility for both owner-users and investors. The multi-level configuration allows for single-tenant occupancy or potential multi-tenant use, creating opportunities for a range of business operations.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,762 SF
Building Class
C
Year Built
1880
Price
$525,000
Price Per SF
$139.55
Cap Rate
16.38%
NOI
$86,020
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.86
Lot Size
0.10 AC
Zoning
RO - Residential Office
Parking
6 Spaces (2.39 Spaces per 1,000 SF Leased)
Frontage
36’ on Baltimore
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- 1863 Escape
- Arts, Entertainment, and Recreation
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| 1863 Escape | Arts, Entertainment, and Recreation | - | - | - |
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 16-010-0288-000 | Improvements Assessment | $271,500 |
| Land Assessment | $101,700 | Total Assessment | $373,200 |
Property Taxes
Parcel Number
16-010-0288-000
Land Assessment
$101,700
Improvements Assessment
$271,500
Total Assessment
$373,200
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247 Baltimore St
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