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

Retail properties

Property subtype

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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