Two-Level Office
New
For Sale
Contact for pricing
71 Cedar Ave, Hershey, PA 17033
The upper and lower floors can be configured as separate office suites.
Property Size3,400 SF
Price / SF$0.01
Days on Market5
Property Features for 71 Cedar Ave
General Information
Standard status
Active
Size
3,400 SF
Property subtype
Commercial
Additional Details
Floor
Top floor and lower level
Property Use
Office
Building Details
Year Built
1960
Stories
2
Listing Agency:
Realty Management Associates, LLC
(717) 790-0111
Listed By:
Wendi A, Aldinger
(717) 576-7432
Source:
Cummingsrealtors
Added: Oct 30
Changed: Nov 1
Last Checked: Nov 3 at 7:07AM
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 Realty Management Associates, LLC
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Investment Insights
Based on property information with market context.
This two-level office property has ground-level entry points on the lower floor. The layout can be divided into two suites: an upper-level space of 1,040 square feet and a lower-level space of 2,400 square feet.
Key Highlights
- Two‑level office layout
- Lower level has accessible ground‑level entrances
- Potential to divide the property into 1,040‑square‑foot upper and 2,400‑square‑foot lower suites
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,692
Suggested Prices Based on Cap Rates
Cap Rate 5%
$873,840
$873.8K
Cap Rate 7%
$624,171
$624.2K
Cap Rate 9%
$485,467
$485.5K
Market Conditions
NOI Build-Up for 3,400 SF
Gross rent
$68.1K $20.04/SF
− Vacancy
−$9.9K −$2.91/SF
EGI
$58.3K $17.13/SF
− OpEx
−$14.6K −$4.28/SF
NOI
$43.7K $12.85/SF
Area
Dauphin County, PA
Vacancy
14.50%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$873,840
Cap Rate 7%
$624,171
Cap Rate 9%
$485,467
Alternative Uses
Best Use
Office B
$624.2K
$546.2K – $728.2K
NOI $43,692 @ 7.0% cap · market cap 218,460.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.26M
$5.48M – $7.31M
NOI $438,345 @ 7.0% cap · market cap 2,191,725.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
894
Businesses Nearby
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Business Placement
Demographics for 17033, PA
16,414
Population
6,733
Households
2.4
Avg Household Size
40
Median Age
46%
College-Educated
90%
High-School Grad
27.4 sq mi
ZIP Area
599
Density / Sq Mi
$75,093
Median Household Income
$49,389
Median Earnings
$1,311
Median Rent
$340,900
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - The upper and lower floors can be configured as separate office suites.
Where is this office unit located?
The property is located at 71 Cedar Ave Hershey, PA.
What are key features of this property?
This property features: Two‑level office layout; Lower level has accessible ground‑level entrances; Potential to divide the property into 1,040‑square‑foot upper and 2,400‑square‑foot lower suites
