711 Elm Ave Hanover, PA 17331-4704
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.
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Pretzel Pizza Cafe & Creamery Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.