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Property profile & analytics
FOR LEASE
Flex space

475 Fame Ave Hanover, PA 17331

53,432 SF 9.34 ac lot Built 1966
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US73-2417758
Property summary
AI-generated overview

This exceptional Hanover, PA industrial property, located at 475 Fame Avenue, offers a substantial 53,432 square feet of warehouse and office space. The single-tenant building sits on a 9.34-acre lot and features a 24-foot ceiling height, ideal for various manufacturing or warehousing needs. Currently, approximately 44,000 square feet of warehouse space is available for lease, with the option to lease the entire building or half. The warehouse boasts one loading dock and is climate-controlled for optimal operational efficiency. Complementing the warehouse is approximately 4,000 square feet of office space, complete with multiple private offices, a cubicle area, two conference rooms, and a large cafeteria/meeting room. The property is zoned for manufacturing and conveniently located near Industrial Drive in York County, Pennsylvania, with the zip code 17331. The lease rate is $6.00 per square foot, NNN. This property presents a rare opportunity to secure a significant amount of high-quality industrial space in a prime location. The owner is open to considering leasing options for half of the warehouse space, providing flexibility for businesses of varying sizes.

Property profile
Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1966
Total area 53,432 SF
Lot 9.34 ac (406,850 SF)
Zoning code RS
APN 67-000-DD-0055.00-00000
UPID US73-2417758
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
  • Elsner Engineering Works Inc Industrial Manufacturer Factory
  • Paco Winders Manufacturing, LLC Industrial Manufacturer Production Facility
  • Utz Community Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$4.80M
Comparable Approach Comparable
$5.66M
Blend (final) Blend
$4.53M
Owner & transaction history
Elsner Engineering Works INC · 7 yrs held
Elsner Engineering Works INC
since 2019
2 recorded transactions
2019
Price N/A
2019
Price N/A
Zoning & alternative use
RS · Hanover, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $7.0M +119.4%
Restaurant $6.4M +98.6%
Commercial (general) $6.0M +86.8%
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