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    38 Broadway Hanover, PA 17331

    Sponsored
    For Lease
    $12 SF/Yr

    Prime Hanover location, 2,000 sq ft available.

    Lot size:
    24,255 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional three-story commercial building, totaling 24,255 square feet, enjoys a highly visible location in Hanover, Pennsylvania. Situated at the signalized intersection of Broadway (11,000 cars per day), York Street, and Railroad Street, this property offers excellent accessibility and high traffic exposure. The building currently houses a mix of established tenants on the first and second floors, including Oak Artisan Cookery, Fat Bat Brewing, Hanover Golf Loft, and Woodland Development, Inc. A significant opportunity exists with approximately 2,000 square feet of office/retail space available for lease on the second floor. This space is elevator-accessible, boasting hardwood floors and large windows, currently in shell condition, ready for tenant improvements. An additional 2,500 square feet of space is available on the third floor, though it lacks elevator access. Parking is conveniently located on-street and at a nearby municipal lot. The property is zoned commercial and located in York County. This presents a unique chance to establish a presence in a thriving downtown area with strong existing businesses as neighbors. The building's strategic location and versatile space make it ideal for a variety of businesses seeking a high-profile location in Hanover.

    Property Features for 38 Broadway

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    24,255 SF
    Total Rate
    24255

    Unit(s) available at that property

    Space
    Space 3
    Size
    2,000 SF
    Rate per SF
    $15

    HighLights

    • 24,255 square foot retail and office building in Hanover, PA.
    • Centrally located at the signalized intersection of Broadway, York Street, and Railroad Street.
    • Three‑story building with multiple tenants.
    • Approximately 2,000 square feet of second‑floor office/retail space available; elevator accessible, shell condition with hardwood floors and large windows.
    • Additional 2,500 square feet of third‑floor space available (not elevator accessible).
    • On‑street parking and municipal lot parking available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hanover
    County
    York
    State
    Pennsylvania
    Longitude
    -76.9830285
    Latitude
    39.8006116

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    FAQs

    What type of property is this?
    Individual retail property - Prime Hanover location, 2,000 sq ft available.
    Where is this individual retail property located?
    The property is located at 38 Broadway Hanover, PA.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 24,255 square foot retail and office building in Hanover, PA.; Centrally located at the signalized intersection of Broadway, York Street, and Railroad Street.; Three-story building with multiple tenants.
    Request Owner's contact information
    38 Broadway Hanover, PA 17331
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    Hanover, PA 17331
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    38 Broadway Hanover, PA 17331
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