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    467-481 W Penn Ave Cleona, PA 17042

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    For Lease
    Contact for pricing

    Neighborhood shopping center space, ideal for various business types.

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

    Property Features for 467-481 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 in Anchored Center

    This neighborhood shopping center is anchored by a 38,382 square foot Giant food store. Located along Route 422, the primary east/west corridor between Hershey and Lebanon, the center benefits from proximity to residential areas, other retail and service businesses, and Lebanon Valley College. The Hershey Company invested over $178 million in a new 810,000 square foot fulfillment center in Lebanon County, which opened in October 2021 and employs 270 people. The center features a mix of national and regional retailers, including Big Lots, Rite Aid, McDonald’s, Subway, Fine Wine & Good Spirits, and Fulton Bank. The available space of 4,635 square feet presents an opportunity for food users, medical, health/wellness, and service-oriented businesses. The property is professionally managed.
    Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -76.485915
    Latitude
    40.337236

    Nearby Similar for Lease

    • Contact for pricing
      4,635 SF

      Retail Space on High-Traffic Corridor

      Grocery-anchored retail space suitable for various businesses.
      435-465 W Penn Ave, Cleona, PA 17042
      View Details

    FAQs

    What type of property is this?
    Shopping center - Neighborhood shopping center space, ideal for various business types.
    Where is this shopping center located?
    The property is located at 467-481 W Penn Ave Cleona, PA.
    What are key features of this property?
    This property features: - Anchored by a successful and well-established 38,382 SF Giant Food store.; - Located on Route 422, a primary east/west corridor between Hershey and Lebanon.; - Strong mix of national and regional retailers including Big Lots, Rite Aid, McDonald’s, Subway, Fine Wine & Good Spirits, and Fulton Bank.
    (717) 615-1665
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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
    467-481 W Penn Ave Cleona, PA 17042
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