Mixed-Use Retail and Residential
For Sale
$500,000
512 Broadway, Hanover, PA 17331
Owner-operator friendly storefront with three two-bedroom units and eight-space parking lot.
Property SizeContact for details
Days on Market69
Property Features for 512 Broadway
General Information
Standard status
Active
Total Parking Spaces
8
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$7,011
Building Details
Year Renovated
2019
Listing Agency:
Foundation First Property Group
(717) 739-4070
Listed By:
Jeffrey S Wright
(717) 739-4070
Source:
Exprealty
Added: Jun 16
Changed: Aug 20
Last Checked: Aug 23 at 6:26AM
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 Foundation First Property Group
Investment Insights
Based on property information with market context.
The property at 512 Broadway is a mixed-use building that includes the storefront commercial space and the adjacent structure at 514 Broadway. The overall offering totals one storefront, three two-bedroom residential units, and a large basement under the commercial space that could serve as a work area or storage. As described, 514 Broadway was renovated and converted to a two-unit property in 2019.
The site also includes a parking lot with eight parking spaces. The seller notes additional redevelopment possibilities, including moving the driveway to expand the parking lot to nearly 20 vehicles, building a duplex on part of the existing lawn, or converting the commercial space into residential. This sale includes the tax parcel identified as 67-000-18-0135-A0-00000, which is labeled 514 Broadway but only covers a portion of the parking lot.
This setup is well suited for an owner-operator looking to run a business in the commercial space while living in one of the residential units and continuing to rent the others. The listing also references the property’s long operating history as Strickler’s Hobby Shop. Seller financing may be considered with a minimum 20% down payment, subject to terms.
The site also includes a parking lot with eight parking spaces. The seller notes additional redevelopment possibilities, including moving the driveway to expand the parking lot to nearly 20 vehicles, building a duplex on part of the existing lawn, or converting the commercial space into residential. This sale includes the tax parcel identified as 67-000-18-0135-A0-00000, which is labeled 514 Broadway but only covers a portion of the parking lot.
This setup is well suited for an owner-operator looking to run a business in the commercial space while living in one of the residential units and continuing to rent the others. The listing also references the property’s long operating history as Strickler’s Hobby Shop. Seller financing may be considered with a minimum 20% down payment, subject to terms.
Key Highlights
- Storefront commercial property plus three 2‑bedroom residential units at 512/514 Broadway
- Parking lot includes 8 spaces on‑site
- Large basement under the commercial space for work area or storage
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,515
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
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Storefront property - Owner-operator friendly storefront with three two-bedroom units and eight-space parking lot.
Where is this storefront property located?
The property is located at 512 Broadway Hanover, PA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Storefront commercial property plus three 2‑bedroom residential units at 512/514 Broadway; Parking lot includes 8 spaces on‑site; Large basement under the commercial space for work area or storage
