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Asper Dr & Chestnut - 11.97 AC Ideal for Mixed-Use Development 11.97 Acres of Commercial Land Offered at $1,496,250 in Shippensburg, PA 17257

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INVESTMENT HIGHLIGHTS

  • 11.97 AC of unimproved land near existing retail and residential
  • Strategic location near upcoming road improvements for improved traffic flow
  • Ideal for multifamily and commercial development
  • Enjoys Borough and Township benefits: water/sewer; state police/fire; lower taxes

EXECUTIVE SUMMARY

Situated within close proximity to Route 11 and Interstate 81, and along the busy I-81 corridor connecting Chambersburg, Carlisle, Harrisburg, and Hagerstown, MD, this prime location offers an opportunity for multifamily or commercial development. The surrounding area boasts a thriving mix of commercial and residential developments, fostering a growing consumer base. Nearby points of interest include Shippensburg Township Park, the new Parx Casino, Shippensburg University, H. Ric Luhrs Performing Arts Center, and vibrant retail centers, creating an attractive destination for future tenants or customers.
Explore the potential of this prime property located in Shippensburg, ranked 15th out of 1,722 PA cities and towns by BestPlaces.net. The 11.97 AC parcel offers a unique opportunity for multifamily and commercial development. The gently rolling site is ready for development and will benefit from the planned Dykeman Road Extension that will bring additional traffic to Baltimore Rd. The site is nestled between commercial and residential development, and provides an investment opportunity with great financial potential in a growing community.

PROPERTY FACTS

Price $1,496,250
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Mixed Use
  • Multifamily
  • Apartment Units
  • Apartment Units - Senior
  • Bank
  • Convenience Store
  • Daycare Center
  • Drugstore
  • Fast Food
  • Restaurant
  • Storefront, Retail or Residential
Total Lot Size 11.97 AC
Zoning MU: Mixed-Use - MU: Mixed-Use (Shippensburg Twp) and VC: Village Center (Southampton Twp)

1 LOT AVAILABLE

Lot

Price $1,496,250
Price Per AC $125,000.00
Lot Size 11.97 AC

11.97 AC parcel offers a unique opportunity for multifamily and commercial development in an area poised for growth due to approved road improvements.

DESCRIPTION

Situated within close proximity to Route 11 and Interstate 81, and along the busy I-81 corridor connecting Chambersburg, Carlisle, Harrisburg, and Hagerstown, MD, this prime location offers an opportunity for multifamily or commercial development. The surrounding area boasts a thriving mix of commercial and residential developments, fostering a growing consumer base. Nearby points of interest include Shippensburg Township Park, the new Parx Casino, Shippensburg University, H. Ric Luhrs Performing Arts Center, and vibrant retail centers, creating an attractive destination for future tenants or customers. Explore the potential of this prime property located in Shippensburg, ranked 15th out of 1,722 PA cities and towns by BestPlaces.net. The 11.97 AC parcel offers a unique opportunity for multifamily and commercial development. The gently rolling site includes a possible right-of-way for an I-81 connector giving greater access and visibility to the area and its business and services, and improved traffic flow to ease street congestion. The site is nestled between commercial and residential development, and provides an investment opportunity with great financial potential in a growing community.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
36-35-2385-125
Land Assessment
$342,700
Improvements Assessment
$0
Total Assessment
$342,700
  • Listing ID: 35443991

  • Date on Market: 4/10/2025

  • Last Updated:

  • Address: Asper Dr & Chestnut, Shippensburg, PA 17257

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