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Office Building with Flexible Suites
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100 Penn St, Hanover, PA 17331

Two-level medical office configuration with multiple entrances, adaptable suites, and lower-level storage capacity.

Property Size15,360 SF
Days on Market145

Property Features for 100 Penn St

General Information

Standard status Active
Size 15,360 SF
Property subtype Office

Additional Details

Floor Main Level, Lower Level
Office Units 5

Building Details

Tenancy Multi
Listing Agency: Capstone Commercial
Listed By: Naomi Brown, CCIM · License #PA RM425406
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 29 at 4:28PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Capstone Commercial

Investment Insights

Based on property information with market context.

This 15,360 Gross SF office building provides 7,636 Useable SF on the main level and 7,724 SF below, with the lower level suited to storage. The upper floor includes multiple entry points and is arranged into five medical suites, while the layout can be reconfigured for broader office applications. Build-out terms are negotiable, and suite sizes can be adjusted for different occupancy requirements.

Medical users occupy part of the property, leaving 2,000-4,000 SF for an owner-occupant or additional tenancy. The building is one block from the hospital, offers access to Central Hanover, and is near Eisenhower Drive. A fully leased configuration is projected at a CAP Rate of 11%+.

Key Highlights

  • 15,360 Gross SF office building with 7,636 Useable SF on the main level
  • Lower level contains 7,724 SF that can be used for storage
  • Five‑suite medical office setup with reconfiguration flexibility

Property Analytics

Current Use

Camden's Best A/C ... Hardware & Home Improvement Bast William R ... Physician Hanover Cardiology Medical Clinic Dr. Lawrence S. ... Physician Above & Beyond Family ... Dental Office

Suggested Use

Top Pick Grocery & Convenience Store Catering Service (Bike/Boat/Book/etc) Store Wine and Liquor Store Bakery Pet Store & Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Office units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,250
Businesses Nearby

Demographics for 17331, PA

55,458
Population
23,528
Households
2.4
Avg Household Size
43
Median Age
22%
College-Educated
90%
High-School Grad
74.4 sq mi
ZIP Area
745
Density / Sq Mi
$76,661
Median Household Income
$45,168
Median Earnings
$1,127
Median Rent
$228,700
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Two-level medical office configuration with multiple entrances, adaptable suites, and lower-level storage capacity.
Where is this office building located?
The property is located at 100 Penn St Hanover, PA.
What are key features of this property?
This property features: 15,360 Gross SF office building with 7,636 Useable SF on the main level; Lower level contains 7,724 SF that can be used for storage; Five‑suite medical office setup with reconfiguration flexibility
(717) 819-2825 Call to check price and availability
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