Freestanding Bank Building with
For Sale
Contact for pricing
1091 EICHELBERGER ST, Hanover, PA 17331
Former bank building with drive-through capability, suited for retail or office users seeking a stand-alone site in Hanover.
Property Size3,630 SF
Price / SF$219.01
Days on Market151
Property Features for 1091 EICHELBERGER ST
General Information
Standard status
Active
Size
3,630 SF
Property subtype
Retail
Lease Type
NNN
Building Details
Year Built
2008
Units
1
Listing Agency:
Bennett Williams Commercial
Listed By:
Chad Stine · License #PA RS223285L
(717) 968-7505
Source:
Crexi
Added: Jun 4
Changed: Oct 26
Last Checked: Nov 1 at 3:40AM
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 Bennett Williams Commercial
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Investment Insights
Based on property information with market context.
1091 Eichelberger is a former, free-standing bank building in Hanover with drive-through capability. The property totals 3,872 square feet and is offered for sale as a purpose-built commercial structure that can be adapted for either retail or office use, depending on the tenant’s layout requirements.
The building is located off Route 94 in the heart of Hanover’s business hub. The surrounding commercial area includes major retailers such as Rural King, Target, Lowe’s, Home Depot, Grocery Outlet, and Sam’s Club, supporting a retail-forward environment.
This site is a practical fit for an owner-operator or investor seeking a freestanding facility with direct drive-through functionality. For retail or office users, the existing bank configuration and dedicated access point can provide a starting point for repositioning into a customer-facing business or service-oriented workspace. The property’s independent footprint also supports signage and brand presence without shared common entrances, subject to permitting and any required site plan approvals.
The building is located off Route 94 in the heart of Hanover’s business hub. The surrounding commercial area includes major retailers such as Rural King, Target, Lowe’s, Home Depot, Grocery Outlet, and Sam’s Club, supporting a retail-forward environment.
This site is a practical fit for an owner-operator or investor seeking a freestanding facility with direct drive-through functionality. For retail or office users, the existing bank configuration and dedicated access point can provide a starting point for repositioning into a customer-facing business or service-oriented workspace. The property’s independent footprint also supports signage and brand presence without shared common entrances, subject to permitting and any required site plan approvals.
Key Highlights
- Former free‑standing bank building built in 2008
- Drive‑through capability for convenient customer access
- 3,872 SF building suited for retail or office use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,873
Cap Rate
7.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,157,460
$1.2M
Cap Rate 7%
$826,757
$826.8K
Cap Rate 9%
$643,033
$643.0K
Market Conditions
NOI Build-Up for 3,630 SF
Gross rent
$79.7K $21.96/SF
− Vacancy
−$2.6K −$0.70/SF
EGI
$77.2K $21.26/SF
− OpEx
−$19.3K −$5.31/SF
NOI
$57.9K $15.94/SF
Area
York County, PA
Vacancy
3.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,157,460
Cap Rate 7%
$826,757
Cap Rate 9%
$643,033
Alternative Uses
Best Use
Office B
$826.8K
$723.4K – $964.6K
NOI $57,873 @ 7.0% cap · market cap 7.28%
Second Best
Retail
$618.8K
$541.4K – $721.9K
NOI $43,314 @ 7.0% cap · market cap 5.45%
Theoretical Best
Office A
$1.05M
$919.6K – $1.23M
NOI $73,571 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
740
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Bank - Former bank building with drive-through capability, suited for retail or office users seeking a stand-alone site in Hanover.
Where is this bank located?
The property is located at 1091 EICHELBERGER ST Hanover, PA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Former free‑standing bank building built in 2008; Drive‑through capability for convenient customer access; 3,872 SF building suited for retail or office use
