25 Carlisle St Hanover, PA 17331-2404
This exceptional Hanover, PA office building, situated on 1.04 acres, presents a unique investment opportunity. Priced at $1,995,000 ($66.25/SF), this vacant property boasts 30,112 square feet across two buildings, each with distinct architectural character. The first, a former bank branch built in the early 1900s and renovated in 1980, offers 7,382 square feet with impressive 30+ foot ceilings, marble and tiled walls, large windows, and a second-floor conference room with a balcony. The second building, comprising approximately 15,348 square feet, features numerous private offices, small and large conference rooms, and restrooms on both floors. The property includes a fenced surface parking lot with 70+ spaces and a recently installed public parking metering system. Located in a prime Downtown location, this Class B property is zoned Downtown and serviced by public water, sewer, and natural gas. The property consists of four parcels and is a landmark location in Hanover, Pennsylvania, previously occupied by PNC Bank. This is a rare opportunity to acquire a substantial, historically significant commercial property in a thriving Pennsylvania town. The property's size, location, and unique features make it ideal for a variety of uses. The vacant status allows for immediate customization and tenant improvements to suit a new owner's vision. The property's two distinct areas offer flexibility for various business needs.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CM · Hanover, PACosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.