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Mixed-Use Building with Retail
For Sale
Contact for pricing
Pending

120-122 E Chestnut St, Hanover, PA 17331

Mixed-use property featuring one commercial unit and two residential units on East Chestnut Street.

Property SizeContact for details
Days on Market146

Property Features for 120-122 E Chestnut St

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Multifamily Units 2
Listing Agency: Bennett Williams Commercial
Listed By: Chad Stine · License #PA RS223285L
Source: Crexi
Added: Apr 11 Changed: Aug 25 Last Checked: Aug 31 at 3:06PM

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

Investment Insights

Based on property information with market context.

120-122 East Chestnut Street is a mixed-use property with three units total, including one commercial unit and two residential units. The building is configured to support both retail and rental uses under one roof.

The property is located along Carlisle Street and within close proximity to Carlisle Street and Broadway, which are described as main thoroughfare roads in the Hanover market. It sits among other retail, office, and medical uses and within the broader population base of Hanover.

For buyers evaluating income potential, the public remarks note that area rents are greater than the rents currently collected, which may create upside for a new owner.

Key Highlights

  • Mixed‑use property at 120‑122 East Chestnut Street with 1 commercial unit and 2 residential units.
  • Property described as located along Carlisle Street, close to Carlisle Street and Broadway in the Hanover market.
  • Area potential rents are higher than current collected rents, providing potential rent upside for buyers.

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Restaurant Real Estate Agency Law Firm Grocery & Convenience Store Hotel & Motel Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,621
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Mixed-use property featuring one commercial unit and two residential units on East Chestnut Street.
Where is this mixed-use property located?
The property is located at 120-122 E Chestnut St Hanover, PA.
What are key features of this property?
This property features: Mixed‑use property at 120‑122 East Chestnut Street with 1 commercial unit and 2 residential units.; Property described as located along Carlisle Street, close to Carlisle Street and Broadway in the Hanover market.; Area potential rents are higher than current collected rents, providing potential rent upside for buyers.
(717) 843-5555 Call to check price and availability
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