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    OFF-MARKET Estimated value $660,000
    Individual retail properties

    28 Baltimore St, Hanover, PA 17331-3163

    32,052 SF 0.32 ac lot Built 1949
    Entity Owned 4-yr Hold Free & Clear
    Property ID
    US73-2543678
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Individual retail properties
    Use group GYM, HEALTH SPA
    Year built 1949
    Total area 32,052 SF
    Lot 0.32 ac (13,809 SF)
    Zoning code CM
    APN 67-000-05-0007.00-00000
    UPID US73-2543678
    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
    • Hanover School of Ballet Training Center
    • Redding Medical Equipment and Scrubs Medical Supply Store
    • Snow style by susan Hair Salon
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $885k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $660k
    Owner & transaction history
    Lcb Partnership · 4 yrs held
    Lcb Partnership
    since 2022
    Last sale
    $680,000
    7 recorded transactions
    2025
    2024
    2022
    $680,000
    2019
    1969
    1969
    1969
    Zoning & alternative use
    CM · Hanover, PA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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