Technical
Financial
Distress signals
Property profile

711 Elm Ave Hanover, PA 17331

OFF-MARKET
Turn key restaurants
Property ID
US73-0837386
0.64 ac lot
Individually Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 5,195 square foot commercial property in Hanover, Pennsylvania, presents a compelling investment opportunity. Located at 711 W Elm Avenue, this versatile space sits on a sizable 0.64-acre lot, providing extensive parking capabilities. The paved lot comfortably accommodates two tractor-trailers, eleven cars, and two additional spaces within the building itself, ensuring convenient access for employees and clients. A pleasant picnic area adjacent to the parking lot adds a unique amenity. The building itself boasts a substantial rear area measuring 34 feet wide by 68 feet long, featuring a generous 14-foot ceiling height, perfect for storage or various commercial applications. Two overhead doors, measuring 10' x 10' and 10' x 12', facilitate easy loading and unloading. The property is equipped with a robust 200-amp electric service, with the added benefit of 3-phase power readily available at the Elm Street pole. Two bathrooms are conveniently located within the building. Zoned Village Commercial (VC), this property offers a wide array of permitted uses, details of which can be found in the MLS listing. This prime location and versatile space make it an attractive option for a variety of businesses seeking a well-equipped and conveniently located commercial property in Hanover, PA. The asking price is $575,000.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Lot 0.64 ac (27,878 SF)
APN 08 L14-0007---000
UPID US73-0837386

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
  • Restaurant

Location

711 Elm Ave Hanover, PA 17331-4704
Hanover metro Census 31101 GETTYSBURG, PA MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$405k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$425k

Owner & transaction history

since 2025
Last sale
$425,000
3 recorded transactions
2025
$600,000
2022
$425,000
2006
$400,000

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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