Flex Space with Warehouse
For Sale
Contact for pricing
370 CHURCH STREET, Hanover, PA 17331
Multi-building commercial property combines showroom, office/storage, warehouse, and outdoor yard functions.
Property Size16,348 SF
Price / SF$0.80
Days on Market49
Property Features for 370 CHURCH STREET
General Information
Standard status
Active
Size
16,348 SF
Property subtype
Commercial
Building Details
Year Built
2000
Listing Agency:
Cummings & Co. Realtors
(410) 823-0033
Listed By:
Robyn K McGrew · License #ABR004444
(443) 506-1287
Source:
Cummingsrealtors
Added: Sep 14
Changed: Nov 1
Last Checked: Nov 1 at 5:56AM
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 Cummings & Co. Realtors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property includes a primary commercial building with approximately 12,300 square feet of space. The layout incorporates an approximately 2,000-square-foot front showroom, a 2,300-square-foot second-level loft, and approximately 6,700 square feet of shop and warehouse area. The shop provides 25-foot ceilings, four overhead doors, two loading docks, and a dedicated power-wash bay.
A separate building adds approximately 4,000 square feet, along with 8-foot ceilings and attic space. The property also includes outdoor storage and yard space, supporting a range of showroom, storage, operational, and warehouse functions. Built in 2000, the property is located at 370 Church Street in Hanover, Pennsylvania. A planned Hanover Bypass is immediately beyond the property, with completion anticipated in 2028/2029.
A separate building adds approximately 4,000 square feet, along with 8-foot ceilings and attic space. The property also includes outdoor storage and yard space, supporting a range of showroom, storage, operational, and warehouse functions. Built in 2000, the property is located at 370 Church Street in Hanover, Pennsylvania. A planned Hanover Bypass is immediately beyond the property, with completion anticipated in 2028/2029.
Key Highlights
- Approximately 12,300‑square‑foot primary building with showroom, loft, and shop/warehouse areas
- Approximately 2,300‑square‑foot second‑level loft area
- Approximately 6,700 square feet of shop and warehouse space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,873
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,757,460
$1.8M
Cap Rate 7%
$1,255,329
$1.3M
Cap Rate 9%
$976,367
$976.4K
Market Conditions
NOI Build-Up for 16,348 SF
Gross rent
$143.2K $8.76/SF
− Vacancy
−$8.0K −$0.49/SF
EGI
$135.2K $8.27/SF
− OpEx
−$47.3K −$2.89/SF
NOI
$87.9K $5.38/SF
Area
York County, PA
Vacancy
5.60%
Lease Rate
$8.76 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,757,460
Cap Rate 7%
$1,255,329
Cap Rate 9%
$976,367
Alternative Uses
Best Use
Retail
$2.79M
$2.44M – $3.25M
NOI $195,068 @ 7.0% cap · market cap 1,500.52%
Second Best
Warehouse
$1.65M
$1.45M – $1.93M
NOI $115,829 @ 7.0% cap · market cap 890.99%
Theoretical Best
Office A
$4.73M
$4.14M – $5.52M
NOI $331,332 @ 7.0% cap · market cap 2,548.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
130
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Multi-building commercial property combines showroom, office/storage, warehouse, and outdoor yard functions.
Where is this flex space located?
The property is located at 370 CHURCH STREET Hanover, PA.
What are key features of this property?
This property features: Approximately 12,300‑square‑foot primary building with showroom, loft, and shop/warehouse areas; Approximately 2,300‑square‑foot second‑level loft area; Approximately 6,700 square feet of shop and warehouse space
