28 Baltimore St Hanover, PA 17331-3163
- Individual retail properties
- 32,052 SF
- 0.32 lot acres
Current Use by Public Records
- Hanover School of Ballet / Dance School
- Redding Medical Equipment and Scrubs / Medical Supply Store
- Snow style by susan / Hair Salon
Property Details for 28 Baltimore St
- Year built
- 1949
- Lot size
- 0.32 lot acres
- Property size
- 32,052 SF
- Zone code
- CM
- Property type
- Individual retail properties
- APN
- 67-000-05-0007.00-00000
- APU
- 670000500070000000
Description
This exceptional Hanover, PA retail property at 28 Baltimore Street offers two available spaces totaling 7,500 square feet in a completely renovated (2023) building. The larger space, 5,700 square feet, is located on the first floor and features an open layout, a dedicated restroom, and potential for additional street access. A 1,800 square foot second-floor space is also available, similarly featuring an open layout and a private restroom. Both spaces benefit from a shared Baltimore Street entrance. The building, constructed in 1949, sits on a 0.32-acre lot and boasts a total of 32,052 square feet across two stories. Conveniently located in the heart of Hanover's downtown, with zoning designated as "Downtown," the property is adjacent to a Borough-owned parking lot offering over 50 parking spaces, with parking passes available for lease. Lease rates are $4,750 per month for the 5,700 square foot space and $1,500 per month for the 1,800 square foot space, inclusive of utilities and operating expenses. Tenant is responsible for build-out and signage. This is a fantastic opportunity for businesses seeking a prominent location in a thriving downtown area. The property is situated near the intersection of Baltimore Street and Broadway.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $625,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $650,000
- 6.5%
- $685,000
- 7%
- $665,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $695,000
- Geo Method
- $785,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $540,000
- Retail
- $615,000
- Mixed-Use
- $545,000
- Hospitality
- $735,000
- Educational
- $580,000
- Residential Income
- $685,000
- Energy
- $725,000
- Income-Based Land
- $575,000
- Food Service
- $650,000
Location Insight
- Map
- Local Demand
- City
- Hanover
- County
- York
- State
- Pennsylvania
- Longitude
- -76.982
- Latitude
- 39.7999
- CBSA code
- 49620
- CBSA name
- YORK-HANOVER, PA METROPOLITAN STATISTICAL AREA