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    25 Carlisle St Hanover, PA 17331

    For Sale
    $1,995,000

    Landmark Office Building, 30,112 SF

    Property size:
    30,112 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional Hanover, PA office building, situated on 1.04 acres, presents a unique investment opportunity. Priced at $1,995,000 ($66.25/SF), this vacant property boasts 30,112 square feet across two buildings, each with distinct architectural character. The first, a former bank branch built in the early 1900s and renovated in 1980, offers 7,382 square feet with impressive 30+ foot ceilings, marble and tiled walls, large windows, and a second-floor conference room with a balcony. The second building, comprising approximately 15,348 square feet, features numerous private offices, small and large conference rooms, and restrooms on both floors. The property includes a fenced surface parking lot with 70+ spaces and a recently installed public parking metering system. Located in a prime Downtown location, this Class B property is zoned Downtown and serviced by public water, sewer, and natural gas. The property consists of four parcels and is a landmark location in Hanover, Pennsylvania, previously occupied by PNC Bank. This is a rare opportunity to acquire a substantial, historically significant commercial property in a thriving Pennsylvania town. The property's size, location, and unique features make it ideal for a variety of uses. The vacant status allows for immediate customization and tenant improvements to suit a new owner's vision. The property's two distinct areas offer flexibility for various business needs.

    Property Features for 25 Carlisle St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    30,112 SF
    Class
    B
    Lot Size
    45,302 SF

    Building Details

    Year Built
    1904
    Buildings
    2
    Stories
    2

    HighLights

    • Exceptional Hanover, PA office building investment opportunity, priced at $1,995,000 ($66.25/SF).
    • 30,112 SF vacant property on 1.04 acres, comprised of two buildings.
    • First building: 7,382 SF, former bank branch with high ceilings, marble/tile, and a second‑floor balcony.
    • Second building: ~15,348 SF with numerous offices and conference rooms.
    • 70+ parking spaces in a fenced lot with a new public metering system.
    • Prime Downtown Hanover location, Class B, zoned Downtown, with public utilities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -76.9837577
    Latitude
    39.8012821

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    FAQs

    What type of property is this?
    Office Property / Space - Landmark Office Building, 30,112 SF
    Where is this office property / space located?
    The property is located at 25 Carlisle St Hanover, PA.
    What is the asking price?
    The asking price for this property is $1,995,000.
    What are key features of this property?
    This property features: Exceptional Hanover, PA office building investment opportunity, priced at $1,995,000 ($66.25/SF).; 30,112 SF vacant property on 1.04 acres, comprised of two buildings.; First building: 7,382 SF, former bank branch with high ceilings, marble/tile, and a second-floor balcony.
    Request Owner's contact information
    25 Carlisle 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
    25 Carlisle St Hanover, PA 17331
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