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    FOR LEASE
    Office Spaces

    241 N Franklin St, Hanover, PA 17331

    4,140 SF 0.09 ac lot Built 1910
    Entity Owned 2-yr Hold Free & Clear
    Property ID
    US73-4266997
    Property summary
    AI-generated overview

    This exceptional 4,674-square-foot freestanding retail building presents a rare opportunity in the revitalized downtown Hanover, Pennsylvania. Located at 241 N Franklin St, this property is part of a larger Pennrose redevelopment project, offering a unique blend of historical charm and modern amenities. Originally a boiler room for the Hanover Shoe facility, the building has been thoughtfully repurposed, retaining its industrial character while offering modern functionality. The building boasts exposed brick walls, impressive 18- to 30-foot high ceilings, and abundant natural light from windows on all sides. Durable concrete floors, efficient heating and air conditioning, and ample heavy power are already in place. Restrooms are also included. The 2.6-acre lot shares parking with adjacent multi-family buildings. Zoned for Local Business, this versatile space is ideal for a variety of uses, including retail, office, or restaurant (potential parking limitations should be considered for restaurant use). The building's unique character and prime downtown location make it an attractive investment. The lease rate is $10.00 per square foot, plus NNN utilities. This property offers a significant opportunity for a discerning tenant seeking a distinctive and well-located space.

    Property profile
    Verified
    Property type Office Spaces
    Use group CONDOMINIUM OFFICES
    Year built 1910
    Total area 4,140 SF
    Lot 0.09 ac (4,138 SF)
    APN 67-000-08-0160.00-C0004
    UPID US73-4266997
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Museum Building LLC · 2 yrs held
    Museum Building LLC
    since 2024
    Last sale
    $100,000
    1 recorded transaction
    2024
    $100,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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