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    316 Broadway Hanover, PA 17331

    For Sale
    $399,000

    Prime Hanover location, vacant retail space.

    Property size:
    4,851 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional freestanding retail property, located at 316 Broadway in Hanover, Pennsylvania (zip code 17331), presents a unique investment opportunity. The building, constructed in 1920, offers 4,851 square feet of versatile space currently vacant and ready for immediate occupancy. Situated on a 0.24-acre lot, the property boasts excellent visibility at the intersection of Broadway (9,000 vehicles per day) and West Chestnut Street, ensuring high traffic exposure for any business. The building's features include convenient drive-thru overhead doors, making it ideally suited for contractors, small businesses, or showroom operations. The asking price is $399,000, translating to a price per square foot of $82.25. This represents a compelling opportunity to acquire a well-located, functional building in a thriving Pennsylvania market. The property's central location within Hanover, York County, provides easy access to local amenities and a strong customer base. Its size and features offer significant potential for a variety of commercial uses. Don't miss this chance to secure a prime retail space in a high-traffic area.

    Property Features for 316 Broadway

    General Information

    Property type
    Retail properties
    Square Feet
    4,851 SF
    Lot Size
    10,454 SF

    Building Details

    Year Built
    1920
    Buildings
    1

    HighLights

    • Freestanding retail building at 316 Broadway, Hanover, PA 17331.
    • 4,851 square feet, vacant and ready for immediate occupancy.
    • Located on a 0.24‑acre lot with high visibility at a major intersection (9,000 VPD).
    • Features drive‑thru overhead doors, ideal for various uses.
    • Asking price: $399,000 ($82.25/SF).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Costa Oil North ... Oil Change Service

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hanover
    County
    York
    State
    Pennsylvania
    Longitude
    -76.9412601
    Latitude
    39.7526223

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    FAQs

    What type of property is this?
    Retail property - Prime Hanover location, vacant retail space.
    Where is this retail property located?
    The property is located at 316 Broadway Hanover, PA.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: Freestanding retail building at 316 Broadway, Hanover, PA 17331.; 4,851 square feet, vacant and ready for immediate occupancy.; Located on a 0.24-acre lot with high visibility at a major intersection (9,000 VPD).
    (717) 843-5555
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    316 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
    316 Broadway Hanover, PA 17331
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