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$475,000
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Property Description
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! .
Full Property Details
Full Property Details for 494 E King St
General
- Price: $475,000
- Taxes: $2,205 (2024)
- Status: Active
- Type: Commercial Service
- Source: BrightMLSPhilly
- MLS ID: PACB2051856
- Updated: 3/21/2026
- Added to Site: 41 day(s) ago
Business
- Business Type: Professional
Interior
- Flooring: Luxury Vinyl Plank, Carpet
Parking
- Total Spaces: 12
- Parking Type: Parking Lot
Location
- Area: Shippensburg Boro (14432)
- Municipality: SHIPPENSBURG BORO
- County: CUMBERLAND
- Driving Directions: Corner of East King Street and Richwalter.
School Information
- High School: Shippensburg Area
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C, Ductless/Mini-Split
- Cooling Fuel: Electric
- Heating Type: Heat Pump - Gas BackUp, Radiator
- Heating Fuel: Electric, Natural Gas
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable TV Available, Cable TV, Natural Gas Available, Phone Available
Structural Information
- Construction: Vinyl Siding
- Roof: Composite
- Building Size: 2026
- Year Built: 1930
- Year Built Source: Estimated
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.49
- Lot Size (Sq. Ft.): 21,344
- Lot Size Source: Assessor
- Zoning: C1
- Lot Description: Corner, Road Frontage
Financial Considerations
- Price Per Sq. Ft.: $234.45
- Assessment Year: 2024
- School Tax: $1,555
- City/TownTax: $353
- City/TownTax Freq: Annually
- County Tax: $295
- County Tax Freq: Annually
- Tax w/Assessment: $110,000
- Tax Amount: $2,205
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
Listed by Berkshire Hathaway HomeServices Homesale Realty, John Dyson
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Schools
Schools serving 494 E King St
School District:Shippensburg Area School District
| Name | Grades | Distance |
|---|---|---|
James Burd El School 600 Brad Street, Shippensburg, PA 17257 | K-3 | 0.4 mi |
Shippensburg Intrm School 601 Hollar Avenue, Shippensburg, PA 17257 | 4-5 | 0.6 mi |
Shippensburg Area Middle School 101 Park Place, Shippensburg, PA 17257 | 6-8 | 2 mi |
Shippensburg Area Senior High School 201 Eberly Drive, Shippensburg, PA 17257 | 9-12 | 2.1 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 494 E King St
Date
Details
Price
Change
Source
3/21/2026
Listed
$475,000
280%
MLS
4/01/2021
Sold
$125,000
—
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 494 E King St
Year
Property Taxes
Change
Tax Assessment
Change
2026
$2,300
3%
$110,000
—
2025
$2,230
5%
$110,000
—
2024
$2,133
7%
$110,000
—
2022
$1,998
3%
$110,000
—
2022
$1,939
1%
$110,000
—
2021
$1,920
1%
$110,000
—
2020
$1,899
—
$110,000
—
2019
$1,900
5%
$110,000
—
2018
$1,812
2%
$110,000
—
2017
$1,779
1%
$110,000
—
2016
$1,761
2%
$110,000
—
2015
$1,731
3%
$110,000
—
2014
$1,687
—
$110,000
—
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 494 E King St
494 E King Street, Shippensburg, PA 17257 (MLS# PACB2051856) is a Commercial Service property. 494 E King Street is currently listed for $475,000 and was received on March 21, 2026. Want to learn more about 494 E King Street? Do you have questions about finding other Commercial Service real estate for sale in Shippensburg? You can browse all Shippensburg real estate or contact a Coldwell Banker agent to request more information.

