236 Frederick St Hanover, PA 17331

Property Details for 236 Frederick St

Year built

1940

Lot size

0.32 lot acres

Property size

3,566 SF

Property type

Commercial real estate

Description

This exceptional mixed-use property at 236 & 238 Frederick Street in Hanover, PA, presents a unique investment opportunity. The 3,566 square foot building sits on a 0.32-acre lot and boasts a desirable location, just a minute from Hanover's Historic Center Square, providing easy access to downtown shopping, craft breweries, and boutique shops. The property benefits from high visibility and traffic, with an estimated 9,864 vehicles passing daily on Frederick Street. Currently configured as a thriving professional office space (a skincare facility with four treatment rooms, previously a dental office) and two one-bedroom residential units, all units are currently leased. This provides immediate and consistent rental income. The building, constructed in 1950 and extensively renovated in 2020, offers significant potential for expansion. The existing office space could easily be enlarged, allowing for future growth and adaptation to changing market demands. A large, paved off-street parking lot located at the rear of the property provides ample parking for tenants and visitors. The property is zoned MU/Mixed Use, offering considerable flexibility for a variety of commercial and residential uses. This prime location, combined with the existing income stream and expansion possibilities, makes this a truly compelling investment opportunity in the vibrant Hanover market. The property's convenient access to both Pennsylvania and Maryland further enhances its appeal.