Contacts

Naomi Brown, CCIM

Capstone Commercial

Property Details

Property Type Multi-Family
Property Size 17,620 SF
Units 17
Lot Size 0.46 Acre
Additional Rent Contact for pricing
Property Tenancy Multi-Tenant
Date Updated Oct 25, 2024

Hanover, PA is a thriving town just over the Maryland/Pennsylvania line, with a substantial presence in food manufacturing. The location directly along Baltimore St, is a main thoroughfare through the town, and provides great visibility and access for commercial tenants. Hanover is easily accessible to York, PA and Westminster, MD. The population growth rate for the County has been over .63% per year, which is 3 times PA average.Located along the main corridor in Hanover, PA, this mixed-use property has been extremely well maintained. The property has had one owner for the last 22 years, who has taken great care with updates & improvements. Currently fully leased, this property generates a strong cash flow, with solid upside potential. Rents are lower with long-time tenants on month-to-month leases, making it easy for a new owner to increase the cash flow on day one. The property is comprised of 7 apartments, 3 commercial spaces, and 7 storage/shop spaces. Most apartment tenants have been in place for many years. The commercial spaces are leased by a salon, a bakery, and a church. There are 7 parking spaces on the property, with substantial street parking and a borough lot located only 1 block north of the property.

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Highlights

Well Maintained property with one owner for last 22 years
Excellent Cash flow with true 8.4% CAP
100% Leased Property
Strong upside in rents
Highly visible location make units easy to rent
Seller open to seller second mortgage for qualified buyer

Getting around

88/100
Walk Score ®
56/100
Bike Score ®

Powered by Walk Score ®

City Hanover, PA
Zip Code 17331
Market Harrisburg

Points of Interest

Sunoco

0.44 miles
Turkey Hill

0.45 miles
Millennium Gas

0.92 miles
Giant

1.11 miles
Giant Gas Station

1.75 miles
Sam's Club

2.22 miles
Turkey Hill

5.53 miles
Rutter's

6.20 miles
Sheetz

6.74 miles
Shell

6.84 miles

Row 1

1.75 miles
Row 2

1.75 miles
Row 3

1.77 miles
Row 4

1.78 miles
Row 5

1.79 miles
Row 6

1.80 miles
Row 7

1.81 miles
Row 8

1.82 miles
Row 9

1.83 miles
Row 10

1.83 miles

Hampton

1.80 miles
Holiday Inn Express

1.81 miles
Super 8

1.97 miles
Cross Keys Motor Inn

5.60 miles

Weis

1.08 miles
Giant

1.08 miles
Myers Meat Market

1.37 miles
Ollies and Goodwill

1.56 miles
JCPenney

1.66 miles
Giant

1.67 miles
TJ Maxx

1.70 miles
North Hanover Mall

1.73 miles
ALDI

1.73 miles
Walmart Supercenter

1.74 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

128-134 Baltimore Street