28 Baltimore StHanover, PA 17331

Property Details for 28 Baltimore St

Year built

1949

Lot size

0.32 AC

Property size (Sq ft)

32,052 SF

Zone code

CM

Property type

Individual retail properties

APN

67-000-05-0007.00-00000

APU

670000500070000000

Description

This exceptional Hanover, PA retail property at 28 Baltimore Street offers two available spaces totaling 7,500 square feet in a completely renovated (2023) building. The larger space, 5,700 square feet, is located on the first floor and features an open layout, a dedicated restroom, and potential for additional street access. A 1,800 square foot second-floor space is also available, similarly featuring an open layout and a private restroom. Both spaces benefit from a shared Baltimore Street entrance. The building, constructed in 1949, sits on a 0.32-acre lot and boasts a total of 32,052 square feet across two stories. Conveniently located in the heart of Hanover's downtown, with zoning designated as "Downtown," the property is adjacent to a Borough-owned parking lot offering over 50 parking spaces, with parking passes available for lease. Lease rates are $4,750 per month for the 5,700 square foot space and $1,500 per month for the 1,800 square foot space, inclusive of utilities and operating expenses. Tenant is responsible for build-out and signage. This is a fantastic opportunity for businesses seeking a prominent location in a thriving downtown area. The property is situated near the intersection of Baltimore Street and Broadway.

• CAP approach

  CAP return

  Valuation

  6%

  $10,052,595

  6.5%

  $9,279,319

  7%

  $8,616,510

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,249,722

  Geo Method

  $5,081,306

• Alternative Use

  Use

  Valuation

  Residential

  $7,827,452

  Hospitality

  $7,169,904

  Educational

  $5,965,276

  Medical

  $6,170,432

  Retail

  $9,279,319

Location Insight

City

Hanover

County

York

State

Pennsylvania

Latitude

39.7999

Longitude

-76.982

CBSA code

49620

CBSA name

YORK-HANOVER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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