515 Chocolate Ave, Hershey, PA 17033-1325
- Hotels
- 71,317 SF
- 1.81 lot acres
Current Use by Public Records
- Nick Semuta Golf Lessons & Coach / Golf Instructor
- AIONX Antimicrobial Technologies, Inc. / Corporate Office
- Courtyard Hershey Chocolate Avenue / Hotel & Motel
- Woods & Irons / Golf Course
- Stumpy's Hatchet House of Hershey / Hotel & Motel / Resort
Property Details for 515 Chocolate Ave
- Year built
- 2017
- Lot size
- 1.81 lot acres
- Property type
- Hotels
- Property subtype
- Motels
- APN
- 24-020-033
- APU
- 24020033
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| May 18, 2018 | — | Bears Creek Hershey Hotel LLC | — | Deed · related | $18M · Citi R/e Fndg INC |
| Mar 10, 2016 | $2,500,000 | Bears Creek Hershey Hotel LLC | Penn Forensics LLC | Special Warranty Deed | $12.3M · Cnb Bank |
| Sep 19, 2014 | $3,609 | Penn Forensics LLC | High Sheriff Of Dauphin County|hershey Office LP | Trustees Deed | — |
| Mar 16, 2007 | $2,100,000 | Hershey Office | Frederick Chevrolet-cadillac I | Trustees Deed | $1.5M · Susquehanna Bk |
| Mar 16, 2007 | — | Frederick Chevrolet-cadillac I | E O Miller Chevrolet | Grant Deed · related | — |
| — | — | Hershey Office | — | Deed Of Trust · related | $150k · Susquehanna Bk |
| — | — | Penn Forensics LLC | — | Deed Of Trust · related | $377k · S&t Bk |
| — | — | Bears Creek Hershey Hotel LLC | — | Deed Of Trust · related | $18M · Citi R/e Fndg INC |
| — | — | Frederick Chevrolet-cadillac I | — | Deed Of Trust · related | $250k · Waypoint Bk |
Description
This exceptional Hershey, Pennsylvania commercial property, located at 515 W Chocolate Ave, offers a unique blend of retail, office, and industrial spaces. The 6.41-acre lot encompasses seven buildings, totaling 31,758 square feet, spread across two stories. Built in 1940, the property is zoned C25 - Commercial/Industrial: Hershey Mixed Use with Downtown Core 9.1 Overlay District, providing flexibility for a variety of businesses. The property features multiple tenancy options, including flex suites ideal for adaptable businesses, self-storage units catering to individual and commercial needs, and traditional office suites for professional organizations. This prime location offers excellent visibility and accessibility, situated near popular local establishments. The property's diverse space options and central Hershey location make it an attractive opportunity for businesses seeking a versatile and convenient space. The Dauphin County address (APN: 24-009-046, 24-009-053) and zip code 17033 provide easy identification and logistical planning. This mixed-use property presents a rare opportunity to establish a presence in a thriving Hershey community.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $8,945,000
- 6.5%
- $8,255,000
- 7%
- $7,665,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $7,055,000
Market price range: $1.86M - $12.2M -
Alternative Use
- Use
- Estimation
- HOTEL/MOTEL
- $11,630,000 Current use
- MEDICAL BUILDING
- $11,805,000 Change: +2% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $11,800,000 Change: +1% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $11,590,000 Change: -0% Conversion: Difficult
- RETAIL STORES
- $10,350,000 Change: -11% Conversion: Difficult
- RESTAURANT
- $10,060,000 Change: -14% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Hershey
- County
- Dauphin
- State
- Pennsylvania
- Longitude
- -76.6389
- Latitude
- 40.2903
- CBSA code
- 25420
- CBSA name
- HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA
