For Sale
$899,000

2145 Baltimore PikeHanover, PA 17331

High-cash-flow, multi-income streams

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity in Hanover, PA, presents a unique chance to acquire a thriving mixed-use property. The 2-acre parcel features a 5,600+ sq ft commercial warehouse/retail space with Baltimore Pike road frontage, a loading dock, ample parking, and substantial finished interior space offering versatile potential. Currently leased at $2,000/month triple net, this building provides immediate income. Additionally, the property includes a fully approved and permitted (permit valid until 4/1/24) plan for a new 4,200 sq ft self-storage facility projected to generate $35,000 in annual net cash flow. Further enhancing the investment's value is a less-than-five-year-old solar array producing over $5,000 in annual income. The property's zoning is commercial, built in 1990, and consists of two units. The asking price is $899,000, offering a pro-forma cap rate of 8.45% and a pro-forma NOI of $76,000. This is a rare chance to own a high-cash-flow property with multiple income streams and significant upside potential. The property is located at 2145 Baltimore Pike, Hanover, PA 17331.

Highlights

  • $899,000 asking price for a mixed-use property in Hanover, PA.
  • 8.45% pro-forma cap rate with a $76,000 pro-forma NOI.
  • Two units: an existing 5,600+ SF commercial warehouse/retail space and approved plans for a new 4,200 SF self-storage facility.
  • Located on a 2-acre lot with Baltimore Pike frontage, loading dock, ample parking, and a large solar array generating $5,000+ annual income.
  • 1990 construction with commercial zoning.

Property Details for 2145 Baltimore Pike

Property type
Retail properties, Mixed-use properties
Year Built
1990
Units
2

Location Insight

City
Hanover
County
York
State
Pennsylvania
Latitude
39.75474432958
Longitude
-76.953651336385
2145 Baltimore Pike, Hanover, Pennsylvania

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2145 Baltimore Pike
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