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    1245 Cocoa Ave Hershey, PA 17033

    Sponsored
    For Sale
    $3,000,000

    Prime Hershey location, ±3,661 SF bank building.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional ±3,661 square foot free-standing building, formerly a bank, is situated on approximately 2.72 acres of land in Hershey, Pennsylvania. Located at the highly visible and well-lit intersection of Fishburn Road (Route 743) and Cocoa Avenue, this property benefits from excellent visibility and accessibility. The strong surrounding co-tenancy includes major retailers such as Giant and Starbucks, ensuring high traffic volume and a desirable commercial environment. Fishburn Road (Route 743) boasts an impressive 15,716 Average Annual Daily Traffic (AADT), providing significant exposure to potential customers. The property features a convenient drive-thru, making it particularly well-suited for a variety of uses. Ideal for businesses seeking high visibility and accessibility, this property presents a unique opportunity for medical/urgent care facilities, quick-service restaurants, or fast-food establishments. The asking price for this strategically located retail property is $3,000,000. The property is located at 1245 Cocoa Avenue, Hershey, PA 17033, within Dauphin County.

    Property Features for 1245 Cocoa Ave

    General Information

    Property type
    Individual retail properties

    HighLights

    • Free‑standing former bank building at the signalized intersection of Fishburn Road (Rt 743) and Cocoa Avenue.
    • Excellent co‑tenancy with Giant and Starbucks.
    • High traffic location with 15,716 AADT on Fishburn Road (Rt 743).
    • Features drive‑thru accessibility.
    • Ideal for medical/urgent care or quick‑service restaurant use.
    Property Profile Location Intelligence

    Current Use by Public Records

    PNC Bank Bank

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hershey
    County
    Dauphin
    State
    Pennsylvania
    Longitude
    -76.6471568
    Latitude
    40.2677494

    Nearby Comparable

    • Contact for pricing
      3,661 SF

      Freestanding Former Bank For Sale

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      Hershey Mixed-Use Investment

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    Nearby Similar for Sale

    • $625,000
      2,458 SF

      Charming Cocoa Townes Home

      Well-maintained 2-bedroom home near Hershey Medical Center.
      29 Almond Dr, Hershey, PA 17033
      View Details
    • Contact for pricing
      3,661 SF

      Freestanding Former Bank For Sale

      Freestanding former bank with drive-thru and ample parking.
      1245 Cocoa Ave, Hershey, PA 17033
      View Details
    • $1,380,000
      0.51 Acres

      Hershey Office Building - Prime Location

      Turn-key office/medical building, excellent condition.
      339 Governor Rd, Hershey, PA 17033
      View Details
    • Contact for pricing
      0.17 Acres

      Hershey Office Building For Lease

      Downtown Hershey office, 0.17 acres, $3,000/month.
      421 Chocolate Ave, Hershey, PA 17033
      View Details
    • $515,000
      2,850 SF

      Hershey Mixed-Use Investment

      Prime Hershey location, 2 units, 100% occupied.
      1223 Chocolate Ave, Hershey, PA 17033
      View Details

    FAQs

    What type of property is this?
    Individual retail property - Prime Hershey location, ±3,661 SF bank building.
    Where is this individual retail property located?
    The property is located at 1245 Cocoa Ave Hershey, PA.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: Free-standing former bank building at the signalized intersection of Fishburn Road (Rt 743) and Cocoa Avenue.; Excellent co-tenancy with Giant and Starbucks.; High traffic location with 15,716 AADT on Fishburn Road (Rt 743).
    Request Owner's contact information
    1245 Cocoa Ave Hershey, PA 17033
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    Hershey, PA 17033
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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
    1245 Cocoa Ave Hershey, PA 17033
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