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$350,000 Just Listed
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Property Description
Located at the signalized corner of West King and South Morris Street in the heart of Shippensburg Borough, this attractive mixed-use commercial property offers exceptional visibility, ample parking, and outstanding owner-user or investment potential. Situated on a level 0.53-acre lot, the property features a huge gravel parking area - a rare amenity for a downtown location - along with a rear ramped entrance providing handicap accessibility. The main level consists of approximately 1,400 square feet of nicely appointed professional office space featuring a welcoming waiting room, reception office, conference room, three private offices, kitchenette, and restroom. Beautifully refinished hardwood floors, abundant charm, and classic character create an inviting professional setting suitable for a variety of office or service-oriented uses. The upper floors include a separately accessed two-bedroom, one-bath apartment totaling approximately 1,300 square feet. The residential unit offers a renovated kitchen, laundry service, and spacious living areas, making it ideal for supplemental rental income or owner occupancy. Additional features include an all-brick exterior, roof replacement circa 2021, oil-fired hot water baseboard heat, heat pump with central air conditioning, two 200-amp electrical panels, and a full basement level for storage or utility purposes. Projected market rents are estimated at approximately $1,400/month for the office space and $1,250/month for the apartment. Also well suited for an owner-user seeking professional office space with additional residential income potential.
Full Property Details
Full Property Details for 240 W King St
General
- Price: $350,000
- Taxes: $4,556 (2026)
- Status: Active
- Type: Apartment
- Source: BrightMLSPhilly
- MLS ID: PACB2054296
- Updated: Today (5/20/2026)
- Added to Site: Today
Business
- Business Type: Institutional, Medical, Professional, Apartment Build
Interior
- Flooring: Hardwood, Laminated, Vinyl
Rooms
Bathrooms
- Restrooms: 2
Parking
- Total Spaces: 20
- Parking Type: Parking Lot
Location
- Area: Shippensburg Boro (14432)
- Municipality: SHIPPENSBURG BORO
- County: CUMBERLAND
- Driving Directions: Take Route 11 into Downtown Shippensburg which becomes King Street. Property is on the corner of West King and South Morris Street.
- Location Details: Downtown
School Information
- High School: Shippensburg Area
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Heat Pump(s), Baseboard - Hot Water
- Heating Fuel: Electric, Oil
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Foundation: Block, Stone
- Roof: Shingle
- Stories/Levels: 3
- Building Size: 2760
- Year Built: 1930
- Year Built Source: Estimated
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.53
- Lot Size (Sq. Ft.): 23,087
- Lot Size Source: Assessor
- Zoning: NEIGHBORHOOD COMMERCIAL
- Lot Description: Corner
Financial Considerations
- Price Per Sq. Ft.: $126.81
- School Tax: $3,083
- City/TownTax: $701
- City/TownTax Freq: Annually
- County Tax: $586
- County Tax Freq: Annually
- Tax w/Assessment: $218,000
- Tax Amount: $4,556
- Tax Year: 2026
Disclosures and Reports
- Ownership: Fee Simple
- Inclusions: Camera system.
Listed by Wolfe & Company REALTORS, ANDREW WOLFE
Get Pre-Approved Today
Schools
Schools serving 240 W King St
School District:Shippensburg Area School District
| Name | Grades | Distance |
|---|---|---|
Nancy Grayson El School 301 Lurgan Avenue, Shippensburg, PA 17257 | K-3 | 0.4 mi |
Shippensburg Intrm School 601 Hollar Avenue, Shippensburg, PA 17257 | 4-5 | 1.5 mi |
Shippensburg Area Middle School 101 Park Place, Shippensburg, PA 17257 | 6-8 | 0.8 mi |
Shippensburg Area Senior High School 201 Eberly Drive, Shippensburg, PA 17257 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 240 W King St
Date
Details
Price
Change
Source
5/20/2026
Listed
$350,000
34.62%
MLS
2/28/2017
Sold
$260,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 240 W King St
Year
Property Taxes
Change
Tax Assessment
Change
2026
$4,557
3%
$218,000
—
2025
$4,419
5%
$218,000
—
2024
$4,227
7%
$218,000
—
2022
$3,960
3%
$218,000
—
2022
$3,842
1%
$218,000
—
2021
$3,804
1%
$218,000
—
2020
$3,763
—
$218,000
—
2019
$3,765
5%
$218,000
—
2018
$3,591
2%
$218,000
—
2017
$3,525
1%
$218,000
—
2016
$3,489
2%
$218,000
—
2015
$3,431
3%
$218,000
—
2014
$3,344
—
$218,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 240 W King St
240 W King Street, Shippensburg, PA 17257 (MLS# PACB2054296) is a Apartment property. 240 W King Street is currently listed for $350,000 and was received on May 20, 2026. Want to learn more about 240 W King Street? Do you have questions about finding other Apartment real estate for sale in Shippensburg? You can browse all Shippensburg real estate or contact a Coldwell Banker agent to request more information.

