Property profile

440 Eisenhower Dr Hanover, PA 17331

FOR LEASE
Strip malls
Property ID
US73-4054014
12,000 SF 8.3 ac lot Built 1997
Individually Owned Absentee Owner ~ Est. High Equity
Saved · see the list in your Dashboard
440 Eisenhower Dr, Hanover, PA 17331 For Lease
Contact for pricing 87,000 SF available
440 Eisenhower Dr, Hanover, PA 17331
View Listing →

Property summary

AI-generated overview

Hanover Commons offers a prime retail opportunity in a thriving York County location. This well-established 87,000 square foot strip center boasts a strong tenant mix, anchored by Goodwill, Mattress Warehouse, and Petco. Currently, 8,140 square feet of retail space is available, presenting a unique chance to establish or expand your business in a high-traffic area. The center enjoys excellent visibility and accessibility along Eisenhower Drive, the main thoroughfare in Hanover. Its strategic location, just 17 miles west of York, PA, and 30 miles south of Harrisburg, PA, provides access to a large and diverse customer base. The property sits on a substantial 10.6-acre lot, zoned M, offering ample parking and potential for future expansion. This established center provides a turnkey solution for businesses seeking a high-visibility location with strong existing anchors. The available space is versatile and adaptable to a variety of retail uses, making it an attractive option for businesses looking to capitalize on the robust Hanover market. The property's size and location make it an ideal investment opportunity for those seeking a stable and growing retail portfolio. The existing tenant mix ensures a consistent flow of customers, creating a supportive environment for new businesses. Don't miss this chance to secure a prominent retail presence in a highly desirable location.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1997
Total area 12,000 SF
Lot 8.3 ac (361,548 SF)
Zoning code M
APN 67-000-ED-0013.H0-00000
UPID US73-4054014

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
  • (Bike/Boat/Book/etc) Store Printing Service
  • Charitable Organization Social Service Agency
  • Courier Service Postal Service
  • (Bike/Boat/Book/etc) Store
  • Restaurant

Location

440 Eisenhower Dr Hanover, PA 17331
Hanover metro Census 22200 YORK-HANOVER, PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$615k
CAP Approach CAP
$1.15M
Comparable Approach Comparable
$800k
Blend (final) Blend
$855k

Owner & transaction history

since 2025
7 recorded transactions
2025
Price N/A
2022
Price N/A
2019
Price N/A
2016
Price N/A
2014
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

M · Hanover, PA
Zoning description

1. [M] Manufacturing District - The purpose of this zoning district is to provide sufficient space to meet current and anticipated future needs for less-intensive industrial uses such as manufacturing and research/develo…

General category INDUSTRIAL
Top alternative use upside
Commercial (general) $1.3M +208.9%
Auto repair, garage $1.2M +186.8%
Restaurant $1.1M +174.4%

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message