Property profile

1108 Chocolate Ave Hershey, PA 17033

OFF-MARKET
Medical Office Space
Property ID
US73-2346892
7,043 SF 0.45 ac lot Built 1984
Individually Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This well-maintained, single-story medical office building in Hershey, Pennsylvania, offers a compelling investment opportunity. Located at 1108 E Chocolate Ave, this 7,692 square foot Class B property sits on a 0.45-acre lot and features 30 parking spaces, including 19 covered spaces. Built in 1984 and renovated in 2019, the building is currently 67% occupied, with two suites leased to established medical tenants: Endodontics Associates and Dr. Mayes. A third suite is available, presenting an ideal opportunity for an owner-user or additional rental income. The property is zoned for mixed-use within the Pamldale zoning district, offering potential for future expansion. Its prime location across from the Hershey Country Club and minutes from downtown Hershey provides excellent visibility and accessibility. The strong in-place cash flow from existing tenants makes this a sound investment with potential for significant return. This multi-tenant building offers a blend of existing income and future development possibilities in a highly desirable Hershey location.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1984
Total area 7,043 SF
Lot 0.45 ac (19,602 SF)
APN 24-006-160
UPID US73-2346892

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Dental Office
  • Dental Office
  • Dental Office
  • Dental Office
  • Dental Office

Location

1108 Chocolate Ave Hershey, PA 17033-1242
Hershey metro Census 24200 HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$788k
Blend (final) Blend
$800k

Owner & transaction history

since 2022
3 recorded transactions
2022
Price N/A
1969
Price N/A
1969
Price N/A

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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