Property profile

1401 York St Hanover, PA 17331

FOR SALE
Office buildings
Property ID
US73-2302096
38,712 SF 39.68 ac lot Built 2013
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Class A office building, constructed in 2014, presents a unique investment opportunity in Hanover, Pennsylvania. Spanning 62,024 square feet across three stories, this single-unit property sits on a generous 7.385-acre lot zoned for industrial use. The building features 38 private offices, multiple conference and meeting rooms, and eight restrooms. A significant highlight is an 11,000-square-foot test kitchen and prototype/simulation area, ideal for research and development or similar uses. Additionally, there's over 10,000 square feet of unfinished space offering considerable expansion potential. A fully equipped, separately accessed medical office suite is also included. The property's versatile design caters to various uses, including traditional office, executive office, medical office, multi-tenant occupancy, or light manufacturing. The asking price is $7,450,000. The property's APN is 44-000-DE-0095-00-00000. Located at 1401 York St, Hanover, PA 17331, this prime location offers easy access to major transportation routes and thriving industries. This is a rare opportunity to acquire a high-quality, versatile commercial property in a desirable location.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2013
Total area 38,712 SF
Lot 39.68 ac (1,728,461 SF)
Zoning code CM
APN 44-000-DE-0095.00-00000
UPID US73-2302096

Cap rate & NOI

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

Location

1401 York St Hanover, PA 17331
Hanover metro Census 21802 YORK-HANOVER, PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.66M
Blend (final) Blend
$5.09M

Owner & transaction history

since 2025
4 recorded transactions
2025
Price N/A
2021
Price N/A
2017
$5.8M
2011
$885,000

Zoning & alternative use

CM · Hanover, PA
Top alternative use upside
Auto repair, garage $5.1M +56.7%
Restaurant $4.6M +41.9%
Commercial (general) $4.3M +33.4%

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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