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Property profile & analytics

1135 Chocolate Ave Hershey, PA 17033

  • Office Properties & Spaces
  • 41,070 SF
  • 0.93 lot acres
Value Estimation
$5,440,000
Last Sale
Jan 10, 2020
$5,375,000
Location Intelligence
Property ID
US73-2343559
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

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

by Realmo proprietary methodology Last update: July 3, 2025
  • 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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$63,638
$367,000
$1,838,900
$2,205,900
-
$367,000
$1,838,900
$2,205,900
More about this property
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