1401 York StHanover, PA 17331

Property Details for 1401 York St

Year built

2013

Lot size

39.68 AC

Property size (Sq ft)

38,712 SF

Zone code

CM

Property type

Office properties

Property subtype

Office buildings

APN

44-000-DE-0095.00-00000

APU

44000DE00950000000

Description

This exceptional Class A office building, constructed in 2014, presents a unique investment opportunity in Hanover, Pennsylvania. Spanning 62,024 square feet across three stories, this single-unit property sits on a generous 7.385-acre lot zoned for industrial use. The building features 38 private offices, multiple conference and meeting rooms, and eight restrooms. A significant highlight is an 11,000-square-foot test kitchen and prototype/simulation area, ideal for research and development or similar uses. Additionally, there's over 10,000 square feet of unfinished space offering considerable expansion potential. A fully equipped, separately accessed medical office suite is also included. The property's versatile design caters to various uses, including traditional office, executive office, medical office, multi-tenant occupancy, or light manufacturing. The asking price is $7,450,000. The property's APN is 44-000-DE-0095-00-00000. Located at 1401 York St, Hanover, PA 17331, this prime location offers easy access to major transportation routes and thriving industries. This is a rare opportunity to acquire a high-quality, versatile commercial property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $8,259,454

  6.5%

  $7,624,112

  7%

  $7,079,532

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,953,933

  Geo Method

  $2,435,372

• Alternative Use

  Use

  Valuation

  Residential

  $9,453,898

  Hospitality

  $8,659,720

  Educational

  $7,204,786

  Medical

  $7,452,569

  Retail

  $11,207,444

Location Insight

City

Hanover

County

York

State

Pennsylvania

Latitude

39.8055

Longitude

-76.9468

CBSA code

49620

CBSA name

YORK-HANOVER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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