Technical
Financial
Distress signals
Property profile

3055 Baltimore Pike Hanover, PA 17331

FOR SALE
Land
Property ID
US73-1068289
52.9 ac lot
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Property summary

AI-generated overview

This exceptional investment opportunity encompasses three parcels totaling 52.904 acres of land situated on the west side of Route 94 in Hanover, York County, Pennsylvania (zip code 17331). The property is zoned Commercial/Industrial (C-I), allowing for a wide range of development possibilities, including but not limited to: nursing homes, retirement facilities, automotive businesses, convenience stores, retail spaces, restaurants, hotels, office buildings, self-storage facilities, manufacturing plants, and warehouses. Public water and sewer services are available, and the seller will transfer existing EDUs (Equivalent Dwelling Units). This site presents a significant potential for large-scale development, with projections suggesting the possibility of constructing a building exceeding 634,500 square feet, potentially accommodating up to four separate users. Detailed site plans indicate the potential for 96 dock positions, 64 trailer spaces, and an additional 85 trailer spaces, along with 269 vehicle parking spaces. Furthermore, there's the potential to combine this property with an adjacent 25.41+ acre parcel across the street, resulting in a combined land area of over 78.316 acres. The asking price for this remarkable development opportunity is $5,850,000.

Property profile

Verified
Property type Land
Lot 52.9 ac (2,304,498 SF)
UPID US73-1068289

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3055 Baltimore Pike Hanover, PA 17331
Hanover metro
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Value estimations

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Owner & transaction history

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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