Property profile

0 Chocolate Ave & Rdg Rd Hershey, PA 17033

OFF-MARKET
Neighborhood centers
32,000 SF
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Property summary

AI-generated overview

Hershey Towne Square offers a unique opportunity to establish a presence in a thriving retail environment. This new construction, mixed-use development boasts 32,000 square feet of retail space within a vibrant complex. Currently, one 1,148 square foot retail space is available. Strategically located along West Chocolate Avenue (Route 422) and Ridge Road, considered Hershey, PA's main thoroughfare, the property benefits from exceptional visibility and accessibility. The development's prime location places it less than a mile from major attractions including Hersheypark, Hershey's Chocolate World, and ZooAmerica, drawing over 3,276,000 visitors annually. Furthermore, its proximity to the 484-bed Penn State Hershey Medical Center, serving over 900,000 patients yearly, and the Hershey Corporation headquarters (14,800 employees) ensures a consistent flow of potential customers. This mixed-use development also includes a 60,000 square foot multi-story office building, further enhancing the area's vibrancy and foot traffic. The high volume of tourism and the presence of significant employers create a robust and growing market, making Hershey Towne Square an exceptional investment opportunity. Don't miss this chance to secure a space in this dynamic and highly sought-after location.

Property profile

Verified
Property type Neighborhood centers
Total area 32,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Chocolate Ave & Rdg Rd Hershey, PA 17033
Hershey metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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