Property profile

1233 Glatco Ldg Rd Hanover, PA 17331

OFF-MARKET
Auto shops
Property ID
US73-0972436
1,810 SF 2.91 ac lot Built 1977
Individually Owned 25-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Hanover, PA commercial property presents a unique owner-user opportunity. Situated on a 2.91-acre lot, the property features a 2,400 square foot building, ideally suited for a variety of uses, currently operating as an auto repair and inspection station. The building boasts a 21-foot ceiling height, three dock-high doors, and ample parking for 20 vehicles, including three drive-in bays (two 12'x12' and one 10'x12'). The property is zoned Neighborhood Commercial and conveniently located eight miles from the Pennsylvania/Maryland border. Adding to its appeal is a 3-bedroom residence complete with a two-car garage, swimming pool, and hot tub, providing significant potential for an owner-occupant or rental income. The property's versatile design, combined with its prime location and residential amenities, makes it an attractive investment for a wide range of businesses and individuals. The building is a single-story structure built in 2000, offering a blend of industrial and retail space. The property's APN is 30-000-FE-0016-00-00000. This is a rare opportunity to acquire a substantial property with significant upside potential. The asking price is $595,000.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1977
Construction FRAME
Total area 1,810 SF
Lot 2.91 ac (126,760 SF)
Zoning code CN
APN 30-000-FE-0016.00-00000
UPID US73-0972436

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
  • Auto Repair Shop

Location

1233 Glatco Ldg Rd Hanover, PA 17331-6881
Hanover metro Census 21711 YORK-HANOVER, PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

4 recorded transactions
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CN · Hanover, PA

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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