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Property profile & analytics
OFF-MARKET Estimated value $1,380,000
Banks

25 Carlisle St Hanover, PA 17331-2404

13,396 SF 0.3 ac lot Built 1906
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US73-2008624
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1906
Total area 13,396 SF
Lot 0.3 ac (13,112 SF)
Zoning code CM
APN 67-000-18-0244.00-00000
UPID US73-2008624
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
$1.48M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.38M
Owner & transaction history
Bmsre LLC · 3 yrs held
Bmsre LLC
since 2023
Last sale
$1.3M
1 recorded transaction
2023
$1.3M
Zoning & alternative use
CM · Hanover, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $1.4M +19.2%
Auto repair, garage $1.3M +10.7%
Restaurant $1.3M +5.9%
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