Property profile

316 Broadway Hanover, PA 17331

OFF-MARKET
Warehouses
Property ID
US73-1067051
4,851 SF 0.11 ac lot Built 1920
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional freestanding retail property, located at 316 Broadway in Hanover, Pennsylvania (zip code 17331), presents a unique investment opportunity. The building, constructed in 1920, offers 4,851 square feet of versatile space currently vacant and ready for immediate occupancy. Situated on a 0.24-acre lot, the property boasts excellent visibility at the intersection of Broadway (9,000 vehicles per day) and West Chestnut Street, ensuring high traffic exposure for any business. The building's features include convenient drive-thru overhead doors, making it ideally suited for contractors, small businesses, or showroom operations. The asking price is $399,000, translating to a price per square foot of $82.25. This represents a compelling opportunity to acquire a well-located, functional building in a thriving Pennsylvania market. The property's central location within Hanover, York County, provides easy access to local amenities and a strong customer base. Its size and features offer significant potential for a variety of commercial uses. Don't miss this chance to secure a prime retail space in a high-traffic area.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1920
Total area 4,851 SF
Lot 0.11 ac (4,792 SF)
Zoning code RS
APN 67-000-18-0146.00-00000
UPID US73-1067051

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
  • Auto Repair Shop

Location

316 Broadway Hanover, PA 17331-2504
Hanover metro Census 22100 YORK-HANOVER, PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$205k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$215k

Owner & transaction history

since 2021
Last sale
$209,000
2 recorded transactions
2021
$209,000
2010
Price N/A

Zoning & alternative use

RS · 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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