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    1135 Chocolate Ave Hershey, PA 17033

    Sponsored
    For Lease
    $19 SF/Yr

    Prime Hershey location, flexible suites.

    Lot size:
    41,070 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This three-story, 41,070-square-foot Class B medical office building in Hershey, PA, offers multiple suites ranging from 1,000 to 9,500 contiguous square feet. Located at 1135 E Chocolate Ave, 17033, this property boasts 168 parking spaces and elevators. Built in 1973 and renovated in 2017, the building features a Palmdale Mixed Use zoning designation, allowing for a variety of uses including office, professional, financial, healthcare, call center, and retail. Currently, several suites are available, with flexible lease terms and a gross lease rate of $19.50 per square foot, encompassing all costs. One newly renovated 1,500-square-foot suite is immediately available and move-in ready, featuring new LED lighting, paint, and flooring. The landlord is offering at least one month of free rent. The building's convenient location on Route 322 provides easy access from all directions, and ample parking is available, including card access after hours. The building previously housed a call center for Penn State Hershey Medical Center, offering high-quality build-outs. The landlord will assist with space planning and build-out for new tenants. Suites offer views of the Hershey Country Club or open land. The building's diverse suite sizes cater to both small and large tenants.

    Property Features for 1135 Chocolate Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    41,070 SF
    Class
    B
    Total Rate
    66944.1

    Building Details

    Year Built/Renovated
    1973/2017
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    2nd Floor
    Size
    9,500 SF
    Rate per SF
    $19
    Space
    3rd Floor Suites
    Size
    2,650 SF
    Rate per SF
    $19
    Space
    First Floor
    Size
    1,500 SF
    Rate per SF
    $19
    Space
    Suite 304
    Size
    1,650 SF
    Rate per SF
    $19

    HighLights

    • Three‑story, 41,070‑square‑foot Class B medical office building in Hershey, PA.
    • Multiple suites available, ranging from 1,000 to 9,500 contiguous square feet.
    • Gross lease rate: $19.50/SF, all‑inclusive.
    • One newly renovated 1,500 SF suite immediately available; landlord offering at least one month free rent.
    • 168 parking spaces with secured card access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Emergency Dental Dentist Team Becker Realtors ... Real Estate Agency East Chocolate Plaza Business Center New Direction Mediation ... Mediation Service Hershey Partnership, Hershey ... Chamber Of Commerce

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hershey
    County
    Dauphin
    State
    Pennsylvania
    Longitude
    -76.624239476901
    Latitude
    40.295449792182

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    FAQs

    What type of property is this?
    Medical office - Prime Hershey location, flexible suites.
    Where is this medical office located?
    The property is located at 1135 Chocolate Ave Hershey, PA.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: Three-story, 41,070-square-foot Class B medical office building in Hershey, PA.; Multiple suites available, ranging from 1,000 to 9,500 contiguous square feet.; Gross lease rate: $19.50/SF, all-inclusive.
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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
    1135 Chocolate Ave Hershey, PA 17033
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