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    435-465 W Penn Ave Cleona, PA 17042

    For Lease
    Contact for pricing

    Grocery-anchored retail space suitable for various businesses.

    Property size:
    4,635 SF
    Lot size:
    12.25 Acres

    Property Features for 435-465 W Penn Ave

    General Information

    Size
    4,635 SF
    Lot size
    12.25 Acres

    Source: TRUE Commercial Real Estate Agent Marisa Benjamin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space on High-Traffic Corridor

    This retail space is located in a grocery-anchored center on a high-traffic corridor, specifically Route 422, situated between Hershey and Lebanon. The property is professionally managed and presents an ideal opportunity for a variety of businesses. Potential uses include food service, medical facilities, health and wellness centers, and service-oriented businesses. The available space measures 4,635 square feet.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Similar Places Nearby

    Cleona Square, Coinstar Kiosk | Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Cleona
    County
    Lebanon
    State
    Pennsylvania
    Longitude
    -76.485074
    Latitude
    40.337201

    Nearby Similar for Lease

    • Contact for pricing
      4,635 SF

      Retail Space in Anchored Center

      Neighborhood shopping center space, ideal for various business types.
      467-481 W Penn Ave, Cleona, PA 17042
      View Details

    FAQs

    What type of property is this?
    Shopping center - Grocery-anchored retail space suitable for various businesses.
    Where is this shopping center located?
    The property is located at 435-465 W Penn Ave Cleona, PA.
    What are key features of this property?
    This property features: - High-traffic location on Route 422 between Hershey and Lebanon.; - Grocery-anchored center.; - Ideal for food, medical, health/wellness, and service businesses.
    (717) 615-1665
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    435-465 W Penn Ave Cleona, PA 17042
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    Realmo Value Estimation

    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.

    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.

    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
    435-465 W Penn Ave Cleona, PA 17042
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