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    Carlisle Pike And Hanover St Hanover, PA 17331

    Sponsored
    For Lease
    Contact for pricing

    Prime Hanover Commercial Land, Ready to Develop

    Lot size:
    740,520 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial land offering presents a rare opportunity to acquire up to 17 acres of developable land in desirable Hanover, Pennsylvania. Situated at the intersection of Carlisle Pike and Hanover Street in Berwick Township, Adams County, this property boasts a strategic location near the vibrant "Golden Mile" commercial corridor. The zoning is designated as Commercial, allowing for a wide range of development possibilities. The single-tenant nature of the land provides flexibility for large-scale projects. A significant advantage is the significantly lower real estate taxes compared to Hanover Borough, coupled with the absence of a gross receipts tax, making this a fiscally attractive investment. The property is currently available as a single parcel, offering up to 17 acres for development. This represents one of the last remaining large tracts of land available in this high-demand area, making it an ideal location for businesses seeking visibility and accessibility. The land is fully prepared for immediate development, eliminating lengthy preparation delays. With its prime location, favorable tax structure, and development-ready status, this property presents a compelling opportunity for significant return on investment. The property's address is Carlisle Pike and Hanover Street, Hanover, PA 17331. The latitude and longitude coordinates are 39.8368889, -77.004544 respectively.

    Property Features for 0 Carlisle Pike And Hanover St

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    740,520 SF

    Unit(s) available at that property

    Space
    Size
    740,520 SF

    HighLights

    • 17 acres of developable commercial land in Hanover, PA.
    • Prime location at Carlisle Pike and Hanover Street, near the "Golden Mile" commercial corridor.
    • Easy access to Hanover and Route 30, with 22,300 cars per day traffic count.
    • Adjacent to a permitted 136‑unit housing development and planned automotive dealerships.
    • Significantly lower real estate taxes (approx. 50% lower than Hanover Borough), no gross receipts tax.
    • Future access to a signalized intersection.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Hanover
    County
    Adams
    State
    Pennsylvania
    Longitude
    -77.004544
    Latitude
    39.8368889

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    FAQs

    What type of property is this?
    Land - Prime Hanover Commercial Land, Ready to Develop
    Where is this land located?
    The property is located at Carlisle Pike And Hanover St Hanover, PA.
    What are key features of this property?
    This property features: 17 acres of developable commercial land in Hanover, PA.; Prime location at Carlisle Pike and Hanover Street, near the "Golden Mile" commercial corridor.; Easy access to Hanover and Route 30, with 22,300 cars per day traffic count.
    Request Owner's contact information
    Carlisle Pike And Hanover St 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
    Carlisle Pike And Hanover St Hanover, PA 17331
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