1135 Chocolate Ave Hershey, PA 17033
- Office Properties & Spaces
- 41,070 SF
- 0.93 lot acres
Current Use by Public Records
- Emergency Dental / Dentist / Emergency Dental Service
- Team Becker Realtors | Keller Williams Realty / Real Estate Consultant / Real Estate Agency
- East Chocolate Plaza / Business Center
- New Direction Mediation Center / Mediation Service
- Hershey Partnership, Hershey Information Center / Chamber Of Commerce
Property Details for 1135 Chocolate Ave
- Year built
- 1973
- Lot size
- 0.93 lot acres
- Property size
- 41,070 SF
- Property type
- Office Properties & Spaces
- APN
- 24-006-128
- APU
- 24006128
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $5,440,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $5,225,000
- 6.5%
- $5,185,000
- 7%
- $5,200,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $5,775,000
- Geo Method
- $5,235,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $5,300,000
- Retail
- $5,625,000
- Mixed-Use
- $6,410,000
- Hospitality
- $5,185,000
- Educational
- $4,890,000
- Residential Income
- $4,905,000
- Energy
- $5,530,000
- Income-Based Land
- $5,685,000
- Food Service
- $5,075,000
Location Insight
- Map
- Local Demand
- City
- Hershey
- County
- Dauphin
- State
- Pennsylvania
- Longitude
- -76.6246
- Latitude
- 40.2957
- CBSA code
- 25420
- CBSA name
- HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA