Technical
Financial
Distress signals
Property profile

4900 Hanover Rd Hanover, PA 17331

OFF-MARKET
Industrial properties
Property ID
US73-3205961
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 68-acre parcel presents a significant investment opportunity in Hanover, Pennsylvania. Located less than four miles from downtown Hanover and seven miles from Route 15, this property boasts Light Industrial zoning, permitting a wide range of uses. Permitted uses include, but are not limited to: warehouses, manufacturing facilities, storage units, laboratories, vocational schools, various types of wholesale operations, professional offices, public buildings, food processing and packaging, and even self-storage facilities. The strategic location offers compelling advantages. Its proximity to a planned indoor sports and recreation complex (developed from a former golf course) creates potential synergy for businesses such as hotels or convenience stores. Furthermore, a proposed large residential subdivision in nearby Littlestown enhances the viability of self-storage development. The property is offered as a fee simple ownership. The asking price is $4,080,000. Please note that the buyer will be responsible for subdividing this 68-acre area from the larger parent tract. This presents a rare chance to acquire a substantial land holding with significant development potential in a rapidly growing area. The flat terrain makes development relatively straightforward. This is a prime opportunity for investors seeking a high-return, versatile industrial property.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
APN 41 J14-0008---000/01
UPID US73-3205961

Cap rate & NOI

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

Location

4900 Hanover Rd Hanover, PA 17331
Hanover metro Census 31203 GETTYSBURG, PA MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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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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