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Property profile & analytics
FOR SALE
Flex space

225 Hanover Rd York, PA 17404

19,396 SF 12 ac lot Built 1955
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US73-2649591
Property summary
AI-generated overview

This exceptional 30,639 square foot manufacturing facility in York County, Pennsylvania, presents a rare infill opportunity. The property boasts three buildings situated on a spacious 12-acre lot, offering unparalleled access to Route 30 and I-83. The main building, spanning 306 feet in length, features an impressive 18'6" clear height, a 5-ton bridge crane, two 2-ton bridge cranes, approximately 1,000 square feet of office space, and multiple drive-in doors. Two additional buildings enhance the property's functionality: a newer 60' x 100' metal-skinned curing building with 16' clear height and a drive-through bay, and a 50' x 96' maintenance building with multiple drive-in doors and 14'6" clear height. Extensive outdoor space includes sheds and a large flat yard with a 100' x 200' concrete pad ideal for curing and staging. The property is zoned L-2 Light Industrial, providing flexibility for various uses. Asking price is $2,900,000 ($94.65/sq ft). The property is a single-tenant, NNN lease.

Property profile
Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1955
Total area 19,396 SF
Lot 12 ac (522,720 SF)
Zoning code ID
APN 51-000-HG-0086.00-00000
UPID US73-2649591
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
  • Premium Parking and Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.87M
CAP Approach CAP
$1.74M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.81M
Owner & transaction history
225 Hanover Partners LLC · 4 yrs held
225 Hanover Partners LLC
since 2022
Last sale
$1.8M
6 recorded transactions
2024
Price N/A
2022
$1.8M
2021
Price N/A
2020
$1.7M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
ID · York, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $2.1M +132.0%
Auto repair, garage $1.8M +102.7%
Retail stores $1.8M +92.2%
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