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Property profile & analytics
FOR LEASE
Office Spaces

1135 E Chocolate Ave Hershey, PA 17033

41,070 SF 0.93 ac lot Built 1973
Individually Owned 6-yr Hold ~ Est. High Equity
Property ID
US73-2343559
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1973
Total area 41,070 SF
Lot 0.93 ac (40,511 SF)
APN 24-006-128
UPID US73-2343559
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · 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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$5.27M
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.94M
Blend (final) Blend
$5.37M
Owner & transaction history
Milton 1135 E Chocolate Ave Ll · 6 yrs held
Milton 1135 E Chocolate Ave Ll
since 2020
Last sale
$5.4M
7 recorded transactions
2020
Price N/A
2020
Price N/A
2020
$5.4M
2018
Price N/A
2017
Price N/A
2016
Price N/A
2015
$1.5M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $6.8M +0.1%
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