11.97 AC Mixed-Use Development Opportunity Near Shippensburg University

Asper Drive and Chestnut Drive Shippensburg, PA 17257

Asper Drive and Chestnut Drive, Shippensburg, PA, 17257
11.97 AC Parcel
Asper Drive and Chestnut Drive, Shippensburg, PA, 17257 Asper Drive and Chestnut Drive, Shippensburg, PA, 17257 Asper Drive and Chestnut Drive, Shippensburg, PA, 17257 Asper Drive and Chestnut Drive, Shippensburg, PA, 17257 Asper Drive and Chestnut Drive, Shippensburg, PA, 17257 Asper Drive and Chestnut Drive, Shippensburg, PA, 17257 Asper Drive and Chestnut Drive, Shippensburg, PA, 17257 Asper Drive and Chestnut Drive, Shippensburg, PA, 17257 Asper Drive and Chestnut Drive, Shippensburg, PA, 17257 Asper Drive and Chestnut Drive, Shippensburg, PA, 17257 Asper Drive and Chestnut Drive, Shippensburg, PA, 17257 Asper Drive and Chestnut Drive, Shippensburg, PA, 17257
FOR SALE
Property Type:
Other Land
Amount:
$1,496,250
Last Verified:
Aug 01, 2025

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Highlights

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

Description

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.

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.

Lot Size: 11.97 acres

Map of Asper Drive and Chestnut Drive, Shippensburg, PA, 17257

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
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  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.