1135 E Chocolate Ave, Hershey, PA 17033
- Office Spaces
- 41,070 SF
- 0.93 lot acres
Current Use by Public Records
- Emergency Dental / Dental Office
- Team Becker Realtors | Keller Williams Realty / Real Estate Agency
- East Chocolate Plaza / Business Service Center / Corporate Office
- New Direction Mediation Center / Mediation Service
- Hershey Partnership, Hershey Information Center / Business Service Center / Advocacy Group
Property Details for 1135 E Chocolate Ave
- Year built
- 1973
- Lot size
- 0.93 lot acres
- Property type
- Office Spaces
- APN
- 24-006-128
- APU
- 24006128
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 9, 2020 | — | Milton 1135 E Chocolate Ave Ll | — | Deed · related | $21.4M · Ubs Ag |
| Jan 13, 2020 | — | 1135 E Chocolate Ave R & E LLC | — | Deed · related | $3M · Wayne Bk |
| Jan 10, 2020 | $5,375,000 | Milton 1135 E Chocolate Ave Ll | Indiju Investors 2 LLC | Grant Deed | $50M · Macquarie Us Trading LLC |
| May 2, 2018 | — | East Chocolate Plaza | — | Grant Deed · related | $3.9M · Mid Penn Bk |
| Jan 13, 2017 | — | Milton Hershey School | Mhst Corpus LLC | Quitclaim Deed | — |
| Dec 21, 2016 | — | Indiju Investors 2 LLC | — | Deed · related | $320k · Mid Penn Bank |
| Oct 26, 2015 | $1,500,000 | Indiju Investors 2 LLC | Patel Properties LLC | Grant Deed | $1.3M · Mid Penn Bk |
| Nov 19, 2009 | $2,160,000 | Patel Properties LLC | Verizon North INC | Grant Deed | — |
| Jul 23, 2009 | $2,160,000 | Patel Properties LLC | Verizon North INC | Grant Deed | $2M · Fulton Bank |
| — | — | 1135 E Chocolate Ave R & E LLC | — | Deed Of Trust · related | $3M · Wayne Bk |
| — | — | Milton 1135 E Chocolate Ave Ll | — | Deed Of Trust · related | $21.4M · Ubs Ag |
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 Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $5,440,000
- ML approach
- $5,265,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $4,940,000
Market price range: $4.94M - $7.84M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $6,795,000 Current use
- MEDICAL BUILDING
- $6,800,000 Change: +0% Conversion: Easy
- AUTO REPAIR, GARAGE
- $6,675,000 Change: -2% Conversion: Difficult
- RETAIL STORES
- $5,960,000 Change: -12% Conversion: Easy
- RESTAURANT
- $5,790,000 Change: -15% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
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
