515 Chocolate AveHershey, PA 17033

Property Details for 515 Chocolate Ave

Year built

2017

Lot size

1.81 AC

Property size (Sq ft)

71,317 SF

Property type

Hospitality properties

Property subtype

Hotels

APN

24-020-033

APU

24020033

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.

• CAP approach

  CAP return

  Valuation

  6%

  $13,080,826

  6.5%

  $12,074,608

  7%

  $11,212,136

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,311,170

  Geo Method

  $10,543,398

• Alternative Use

  Use

  Valuation

  Residential

  $13,181,964

  Hospitality

  $12,074,608

  Educational

  $10,045,932

  Medical

  $10,391,427

  Retail

  $15,627,006

Location Insight

City

Hershey

County

Dauphin

State

Pennsylvania

Latitude

40.2903

Longitude

-76.6389

CBSA code

25420

CBSA name

HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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