Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    119 Impounding Dam Rd Hanover, PA 17331

    View on Map
    Sponsored
    For Sale
    Contact for pricing

    LAND - HANOVER, PA

    Lot size:
    0.36 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 7 at 4:06 pm

    Property Features for 119 Impounding Dam Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.36 Acres

    We can help!

    Listing Contact
    Alan D Moose

    Berkshire Hathaway HomeServices Homesale Realty (717) 286-9913

    Listing agent Alan D Moose (717) 873-0181 License #RS371358

    Listing date Mar 7, 2026

    MLS# PAYK2092460 Listing URL

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Land Parcel Near Long Arm Dam

    This 0.36-acre parcel is located near Long Arm Dam in Hanover, PA, within the South Western School District. The property offers a rural setting with scenic surroundings. It presents a possible development opportunity, subject to township approval and ordinances. The site was previously occupied by a residence that was lost to fire in 2020. The site has since been cleared and returned to its natural state. Prospective buyers are advised to conduct their own due diligence and submit any development proposals directly to the township.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Countryside Vet Hospital Veterinary Clinic

    Suggested Use

    Building Supply Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center Skin Care Clinic Food Market HVAC Service Electrical Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hanover
    County
    York
    State
    Pennsylvania
    Longitude
    -76.99015
    Latitude
    39.75636

    Nearby Similar for Sale

    • New
      $355,000
      0.15 Acres

      Versatile Commercial Property in Hanover

      Unique property suitable for retail, office, or residential conversion.
      119 Baltimore St, Hanover, PA 17331
      View Details
    • $312,500
      4,000 SF

      Commercial Property in Downtown Hanover

      4,000 SF commercial property in Hanover's business district.
      209 Broadway, Hanover, PA 17331
      View Details
    • New
      $275,000
      2,593 SF

      Hanover Duplex Investment Opportunity

      Spacious, well-maintained duplex with separate utilities and ample parking.
      117 Baltimore St, Hanover, PA 17331
      View Details
    • $425,000
      1,300 SF

      Turnkey Bar and Restaurant Opportunity

      Established bar and restaurant for sale with liquor license.
      907 W Elm Ave, Hanover, PA 17331
      View Details
    • $2,215,000
      9,194 SF

      Medical Office Building Investment

      Tenant-designed medical office building with stable income streams.
      18-20 North St, Hanover, PA 17331
      View Details
    • Contact for pricing
      87,000 SF

      Hanover Warehouse Space Available

      87,000 sq ft warehouse in Hanover, Pennsylvania.
      350 Kindig Ln, Hanover, PA 17331
      View Details
    • $399,000
      4,851 SF

      Hanover Retail Building - $399K

      Prime Hanover location, vacant retail space.
      316 Broadway, Hanover, PA 17331
      View Details
    • $750,000
      2,530 SF

      Hanover Restaurant - $750K

      Prime Restaurant Space, Vacant, High Traffic
      1133 Baltimore St, Hanover, PA 17331
      View Details
    • $349,900
      3,578 SF

      concrete floors

      electric and a 15' workbench. Both garages are accessed by blacktop driveways. Appliances included are: Refrigerator
      1494 Carlisle Pike, Hanover, PA 17331
      View Details
    • Contact for pricing
      7.78 Acres

      Hanover Retail Center - Prime Location

      Thriving Hanover retail space, high traffic.
      1000 Carlisle St, Hanover, PA 17331
      View Details
    • $170,000
      1,274 SF

      Hanover Borough Semi-Detached Home

      3 bed, 2 bath semi-detached home with 2-car garage.
      85 South St, Hanover, PA 17331
      View Details
    • $175,000
      2,268 SF

      Hanover Executive Office Condo

      Prime Medical/Professional Office Space
      195 Stock St, Hanover, PA 17331
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land parcel in a rural setting near Long Arm Dam.
    Where is this residential land & home lot located?
    The property is located at 119 Impounding Dam Rd Hanover, PA.
    What is the asking price?
    The asking price for this property is $25,000.
    What are key features of this property?
    This property features: - Rural setting with scenic surroundings near Long Arm Dam.; - Located in the South Western School District.; - Possible development opportunity (subject to township approval).
    (717) 873-0181
    Request Owner's contact information
    119 Impounding Dam Rd Hanover, PA 17331
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    119 Impounding Dam Rd
    Hanover, PA 17331
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    119 Impounding Dam Rd Hanover, PA 17331
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Alan D Moose
    Real Estate License ID: RS371358
    (717) 873-0181
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!