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    1133 Baltimore St Hanover, PA 17331

    Sponsored
    For Sale
    $750,000

    Prime Restaurant Space, Vacant, High Traffic

    Property size:
    2,530 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional freestanding restaurant building presents a unique investment opportunity in Hanover, Pennsylvania. Located at 1133 Baltimore Street, this 2,530 square-foot property boasts a highly desirable location with exceptional visibility and accessibility. The building is situated on Baltimore Street, a major thoroughfare with a high volume of daily traffic (16,000 vehicles per day), ensuring significant exposure to potential customers. Its strategic placement offers convenient access for patrons and excellent proximity to numerous national retailers, including Walmart, Giant, Wendy's, Weis Markets, Starbucks, and MedExpress. The property is currently vacant, providing a blank canvas for a new restaurant concept or a chance to lease to an established operator. The building is a single-story structure, offering efficient layout and operational ease. This is a Triple Net (NNN) lease opportunity, meaning the tenant is responsible for property taxes, insurance, and maintenance. The asking price is $750,000, translating to $296.44 per square foot. This represents a compelling investment opportunity in a thriving retail corridor. The property's prime location and high visibility make it an ideal setting for a successful restaurant venture. Don't miss this chance to acquire a valuable asset in a strong market.

    Property Features for 1133 Baltimore St

    General Information

    Property type
    Restaurants
    Square Feet
    2,530 SF

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • $750,000 asking price for a vacant, freestanding restaurant building.
    • 2,530 square feet on a single story building.
    • Located at 1133 Baltimore St, Hanover, PA 17331.
    • NNN lease, single tenant occupancy, zero years remaining on lease.
    • $296.44 per square foot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Freestanding property

    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
    -76.9618081
    Latitude
    39.7784522

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    FAQs

    What type of property is this?
    Restaurant - Prime Restaurant Space, Vacant, High Traffic
    Where is this restaurant located?
    The property is located at 1133 Baltimore St Hanover, PA.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: $750,000 asking price for a vacant, freestanding restaurant building.; 2,530 square feet on a single story building.; Located at 1133 Baltimore St, Hanover, PA 17331.
    Request Owner's contact information
    1133 Baltimore St 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
    1133 Baltimore St Hanover, PA 17331
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