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Property profile & analytics
FOR SALE
Banks

1245 Cocoa Ave Hershey, PA 17033

3,159 SF 2.72 ac lot Built 1975
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US73-2759586
Property summary
AI-generated overview

This exceptional 3,661 square foot single-tenant office building is situated on a 2.72-acre lot in Hershey, Pennsylvania. Located at 1245 Cocoa Avenue, the property boasts 35 parking spaces and multiple access points, ensuring convenient access for employees and clients. The building is a one-story structure, offering a functional and easily navigable layout. Currently vacant, this property presents a unique opportunity for a variety of businesses. The zoning designation is Hershey Mixed Use and Southern Core (Overlay 13), allowing for a wide range of permitted uses including, but not limited to: bakeries, dry cleaning services, financial institutions, food service establishments (without drive-throughs), healthcare practitioner offices, personal service establishments, and professional offices. While the property is zoned for a variety of uses, it's important to note that it also falls within the Environmental Overlay Zone, which primarily pertains to residential development. Despite this overlay, the existing zoning allows for a diverse range of commercial uses. The property's drive-thru accessibility adds further versatility. This prime location in Dauphin County, Pennsylvania (zip code 17033) offers excellent visibility and accessibility, making it an ideal investment for businesses seeking a prominent presence in the Hershey market. The entire 3,661 square feet is currently available for lease.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1975
Total area 3,159 SF
Lot 2.72 ac (118,483 SF)
APN 24-032-033
UPID US73-2759586
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
  • PNC Bank Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.45M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.48M
Owner & transaction history
Hershey Bar LLC · 4 yrs held
Hershey Bar LLC
since 2022
Last sale
$1.5M
2 recorded transactions
2023
Price N/A
2022
$1.5M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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