1245 Cocoa AveHershey, PA 17033

Property Details for 1245 Cocoa Ave

Year built

1975

Lot size

2.72 AC

Property size (Sq ft)

3,159 SF

Property type

Banks

APN

24-032-033

APU

24032033

Description

This exceptional 3,661 square foot single-tenant office building is situated on a 2.72-acre lot in Hershey, Pennsylvania. Located at 1245 Cocoa Avenue, the property boasts 35 parking spaces and multiple access points, ensuring convenient access for employees and clients. The building is a one-story structure, offering a functional and easily navigable layout. Currently vacant, this property presents a unique opportunity for a variety of businesses. The zoning designation is Hershey Mixed Use and Southern Core (Overlay 13), allowing for a wide range of permitted uses including, but not limited to: bakeries, dry cleaning services, financial institutions, food service establishments (without drive-throughs), healthcare practitioner offices, personal service establishments, and professional offices. While the property is zoned for a variety of uses, it's important to note that it also falls within the Environmental Overlay Zone, which primarily pertains to residential development. Despite this overlay, the existing zoning allows for a diverse range of commercial uses. The property's drive-thru accessibility adds further versatility. This prime location in Dauphin County, Pennsylvania (zip code 17033) offers excellent visibility and accessibility, making it an ideal investment for businesses seeking a prominent presence in the Hershey market. The entire 3,661 square feet is currently available for lease.

• CAP approach

  CAP return

  Valuation

  6%

  $749,885

  6.5%

  $692,201

  7%

  $642,758

• Comparable approach

  Method

  Valuation

  Relative Method

  $727,273

  Geo Method

  $500,806

• Alternative Use

  Use

  Valuation

  Residential

  $583,898

  Hospitality

  $534,847

  Educational

  $444,986

  Medical

  $460,290

  Retail

  $692,201

Location Insight

City

Hershey

County

Dauphin

State

Pennsylvania

Latitude

40.2678

Longitude

-76.6472

CBSA code

25420

CBSA name

HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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