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Freestanding Flex Space with Exposed Brick
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241 North Franklin Street, Hanover, PA 17331

Distinctive standalone commercial building with adaptable interior features, substantial electrical service, and shared parking in downtown Hanover.

Property Size4,674 SF
Price / SF$0.64
Days on Market2

Property Features for 241 North Franklin Street

General Information

Standard status Active
Size 4,674 SF
Property subtype Unanchored Center

Warehouse & Industrial

Clear Height 30 ft
Heavy Power Yes

Additional Details

Utilities to Site Yes

Amenities

exposed brick walls
high ceilings (18-30 ft)
many windows
concrete floors
heat/AC
heavy power
restrooms

Building Details

Building Size 4,674 SF
Buildings 1
Tenancy Single
Construction brick
Listing Agency: Bennett Williams Commercial
Listed By: Ryan Myers · License #RS217452L
Source: Bennettwilliams
Added: Sep 2 Last Checked: Sep 2 at 2:16PM

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.

This 4,674-square-foot freestanding flex building offers a distinctive commercial layout within a downtown Hanover redevelopment project. Originally constructed as a boiler room for the Hanover Shoe facility, the property retains exposed brick walls, concrete floors, abundant windows on all sides, and ceiling heights ranging from 18 to 30 feet. Heat and air conditioning, heavy power, and restrooms are already in place.

The building shares parking with occupants of the surrounding multifamily buildings. Its configuration may support retail, office, or restaurant use, subject to parking limitations for restaurant operations. The combination of open volume, natural light, durable finishes, and existing building systems provides a range of potential commercial applications.

Key Highlights

  • 4,674 SF freestanding flex building
  • 18'-30' ceiling heights with exposed brick walls
  • Many windows on all sides provide abundant natural light

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Catering Service (Bike/Boat/Book/etc) Store Grocery & Convenience Store Veterinary Clinic Clothing & Fashion Store Pet Store & Service

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

30 ft
Clear height
Yes
Heavy power
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,638
Businesses Nearby
Under-served
Demand for This Use

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 Industrial in Northeast region

5.4% 2019
4.6% 2020
3.2% 2021
3.3% 2022
5.3% 2023
6.6% 2024
7.6% 2025
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Similar Off Market Nearby

  • Boneyard Barbeque 451 Carlisle St, Hanover, PA 17331

Frequently Asked Questions

What type of property is this?
Flex space - Distinctive standalone commercial building with adaptable interior features, substantial electrical service, and shared parking in downtown Hanover.
Where is this flex space located?
The property is located at 241 North Franklin Street Hanover, PA.
What are key features of this property?
This property features: 4,674 SF freestanding flex building; 18'-30' ceiling heights with exposed brick walls; Many windows on all sides provide abundant natural light
More about this property
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