Property profile

28 Baltimore St Hanover, PA 17331

OFF-MARKET
Individual retail properties
Property ID
US73-2543678
32,052 SF 0.32 ac lot Built 1949
Entity Owned 4-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Training Center
  • Medical Supply Store
  • Hair Salon

Location

28 Baltimore St Hanover, PA 17331-3163
Hanover metro Census 22100 YORK-HANOVER, PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$885k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$625k

Owner & transaction history

since 2022
Last sale
$680,000
7 recorded transactions
2025
Price N/A
2024
Price N/A
2022
$680,000
2019
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CM · Hanover, PA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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