Property profile

1143 Chocolate Ave Hershey, PA 17033

OFF-MARKET
Automotive properties
Property ID
US73-2778868
1,222 SF 0.8 ac lot Built 1972
Entity Owned 11-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 16,700-square-foot retail strip center presents a unique investment opportunity in Hershey, Pennsylvania. Located at 1143 East Chocolate Avenue, this newly constructed property boasts a prime location less than 1.5 miles from Hersheypark, Hershey's Chocolate World, and ZooAmerica, attracting over 3,276,000 visitors annually. The center's strategic positioning also benefits from its proximity to Penn State Hershey Medical Center (a 484-bed hospital serving over 900,000 patients yearly) and the Hershey Corporation headquarters (14,800 employees). The 1.44-acre lot offers significant visibility and accessibility along East Chocolate Avenue (Route 422) and Wilson Avenue. The entire 16,700 square feet is currently vacant and available for lease, with a minimum divisible space of 1,200 square feet. This presents a blank canvas for a variety of retail concepts to capitalize on the area's robust tourism and strong daytime employee base (over 55,000 within a 5-mile radius) and high average household income ($97,559 within a 5-mile radius). This property is situated in Dauphin County and offers unparalleled potential for growth and return on investment in a thriving market. The entire building is available for lease, or spaces can be divided to suit individual tenant needs.

Property profile

Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1972
Construction FRAME
Total area 1,222 SF
Lot 0.8 ac (34,848 SF)
APN 24-006-129
UPID US73-2778868

Cap rate & NOI

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

Location

1143 Chocolate Ave Hershey, PA 17033
Hershey metro Census 24200 HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k

Owner & transaction history

since 2015
2 recorded transactions
2015
$775,000
2011
$775,000

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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