1000 Carlisle StHanover, PA 17331

Property Details for 1000 Carlisle St

Year built

1950

Lot size

7.78 AC

Property size (Sq ft)

196,848 SF

Zone code

RS

Property type

Retail properties

Property subtype

Strip malls

APN

67-000-12-0052.00-00000

APU

670001200520000000

Description

Clearview Shopping Center, a vibrant community hub in Hanover, Pennsylvania, presents an exceptional opportunity for businesses seeking prime retail, office, or restaurant space. This Class B property, totaling 167,392 square feet, boasts two single-story buildings situated on a 7.78-acre lot at 1000 Carlisle St, Hanover, PA 17331. The center features multiple suites available for lease, ranging from a minimum of 405 square feet to a maximum contiguous space of 15,060 square feet. Currently, 19,232 square feet is vacant. The property underwent renovations in 2022 and offers convenient amenities including abundant parking, multiple points of access, and excellent visibility along Route 94/Carlisle Street. A significant advantage is the prominent 10' x 20' digital billboard at the main entrance, available to tenants for a monthly fee of $299.00. The property benefits from high traffic volume, with 22,000 vehicles passing daily. The center is zoned commercial and features two elevators. Lease rates are $15.00 per square foot annually, plus $3.50 NNN. This is an ideal location for businesses seeking high visibility and accessibility within a thriving commercial district. The property is located in York County and is easily accessible. The property is comprised of four total suites.

• CAP approach

  CAP return

  Valuation

  6%

  $61,738,216

  6.5%

  $56,989,124

  7%

  $52,918,472

• Comparable approach

  Method

  Valuation

  Relative Method

  $50,665,836

  Geo Method

  $31,206,944

• Alternative Use

  Use

  Valuation

  Residential

  $48,072,456

  Hospitality

  $44,034,112

  Educational

  $36,635,864

  Medical

  $37,895,828

  Retail

  $56,989,124

Location Insight

City

Hanover

County

York

State

Pennsylvania

Latitude

39.817

Longitude

-76.995

CBSA code

49620

CBSA name

YORK-HANOVER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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