Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    18-20 North St Hanover, PA 17331

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,215,000

    Tenant-designed medical office building with stable income streams.

    Property size:
    9,194 SF
    Lot size:
    0.63 Acres

    Property Features for 18-20 North St

    General Information

    Size
    9,194 SF
    Lot size
    0.63 Acres

    Source: JDS Real Estate Services Agent Jennifer Stein

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

    Overview

    Medical Office Building Investment

    Located in Hanover, Pennsylvania, 18-20 North Street is a commercial medical office building featuring 9,194 square feet across two stories and a basement. The property has been recently renovated to meet the needs of its tenant, UPMC (University of Pittsburgh Medical Center). The property generates an annual income of $146,828 on a triple net basis. A rental increase is scheduled for August 2026, during the final year of the current lease. The tenant has two, two-year options to renew. UPMC, an international healthcare provider with locations in Pennsylvania, Maryland, New York, Italy, and Ireland, is the anchor tenant. UPMC operates more than 40 hospitals and 800 doctors' offices and outpatient centers worldwide. The property is located a half-mile from UPMC - Hanover Hospital. Hanover is known as the snack capital of the Northeast due to its snack food industry, including companies like UTZ and Lance. The location in the city center of Hanover caters to a population of 62,129 residents within a five-mile radius.
    Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Similar Places Nearby

    Hanover Veterinary Hospital

    Location Insight

    • Map
    • Local Demand
    City
    Hanover
    County
    York
    State
    Pennsylvania
    Longitude
    -76.98642
    Latitude
    39.804884

    Nearby Similar for Sale

    • $359,900
      0.30 Acres

      Charming Commercial Property in Hanover

      High-traffic commercial property with charm and character in Hanover, PA.
      249 York St, Hanover, PA 17331
      View Details
    • $240,000
      1,992 SF

      Brick Duplex with Garage

      Two-unit home with income potential and detached two-car garage.
      138-138 Pleasant St, Hanover, PA 17331
      View Details
    • $317,500
      0.14 Acres

      Commercial Property in Downtown Hanover

      4,000 SF commercial property in Hanover's business district.
      209 Broadway, Hanover, PA 17331
      View Details
    • $325,900

      Move-In Ready Hanover Home

      Modern, open-concept home with luxury owner suite in Hanover, PA.
      271 Ridge View Ln, Hanover, PA 17331
      View Details
    • $315,900

      Modern Home in Hanover, PA

      Move-in ready home with open concept and luxury owner's suite.
      279 Ridge View Ln, Hanover, PA 17331
      View Details
    • $170,000
      1,274 SF

      Hanover Borough Semi-Detached Home

      3 bed, 2 bath semi-detached home with 2-car garage.
      85 South St, Hanover, PA 17331
      View Details

    FAQs

    What type of property is this?
    Medical office - Tenant-designed medical office building with stable income streams.
    Where is this medical office located?
    The property is located at 18-20 North St Hanover, PA.
    What is the asking price?
    The asking price for this property is $2,215,000.
    What are key features of this property?
    This property features: - Leased to UPMC, a globally recognized healthcare provider; - $146,828 annual income on a triple net lease basis makes this an attractive investment opportunity; - Rental increase scheduled for August 2026
    (213) 446-5366
    Request Owner's contact information
    18-20 North St Hanover, PA 17331
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    18-20 North St
    Hanover, PA 17331
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    18-20 North St Hanover, PA 17331
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.