339 Governor RdHershey, PA 17033

Property Details for 339 Governor Rd

Year built

1985

Construction

FRAME

Lot size

0.51 AC

Property size (Sq ft)

4,608 SF

Property type

Office properties

Property subtype

Other office properties

APN

24-038-034

APU

24038034

Description

This exceptional 4,600 square foot office building, situated on a 0.51-acre lot in desirable Hershey, Pennsylvania, presents a unique investment opportunity. Ideally located just one mile from Hershey Medical Center, this property boasts a prime location with high visibility and easy access. Currently configured for three tenants, the efficient layout allows for flexible expansion, accommodating up to six individual suites. The main level offers 4,600 square feet of well-maintained office space, while the garden level provides an additional approximately 1,500 square feet of finished space, previously utilized as a medical office. Several rooms are equipped with lead lining, suitable for x-ray equipment. The property is exceptionally well-maintained, featuring updated mechanical systems, landscaping, and ample parking for over 30 vehicles. Separately metered utilities offer cost efficiency. This property is perfect for an owner-user seeking a high-quality space or an investor looking for a strong return. The sale includes two additional parcels totaling 0.34 acres, providing potential for future expansion. These additional parcels are identified by Tax IDs 24-038-033 and 24-038-53. This turnkey property is offered at $1,380,000.

• CAP approach

  CAP return

  Valuation

  6%

  $744,115

  6.5%

  $686,875

  7%

  $637,813

• Comparable approach

  Method

  Valuation

  Relative Method

  $420,978

  Geo Method

  $289,889

• Alternative Use

  Use

  Valuation

  Residential

  $851,725

  Hospitality

  $780,176

  Educational

  $649,097

  Medical

  $671,420

  Retail

  $1,009,707

Location Insight

City

Hershey

County

Dauphin

State

Pennsylvania

Latitude

40.273

Longitude

-76.6575

CBSA code

25420

CBSA name

HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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