636 Frederick StHanover, PA 17331

Property Details for 636 Frederick St

Year built

1930

Construction

FRAME

Lot size

0.28 AC

Property size (Sq ft)

1,192 SF

Zone code

CM

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

44-000-07-0106.00-00000

APU

440000701060000000

Description

This exceptional investment opportunity presents a unique blend of commercial and residential properties in Hanover, Pennsylvania. The property comprises two buildings situated on a 0.36-acre lot with frontage on both Frederick Street (SR 194) and West Middle Street. The main structure is a 6,494 square foot warehouse boasting 18-24 foot ceilings, a 16' x 24' drive-in door, and robust 3-phase 220V/400A power. The warehouse features concrete block construction, a rubber roof, infrared and radiant floor gas heat, and a small paved area for off-street parking. A second building, a 1,192 square foot residential unit (2 bedrooms, 1 bathroom), is currently occupied on a month-to-month lease with a 60-day termination clause. The property is zoned R-8 and Highway Business (Penn Township), offering flexibility for various uses. Conveniently located near major routes including Rt 94, Rt 116, and with easy access to Littlestown, Baltimore, Harrisburg, York, and Gettysburg, this property benefits from excellent accessibility and strong regional connectivity. Annual real estate taxes are approximately $7,600. The asking price for this combined industrial and residential property is $375,000.

• CAP approach

  CAP return

  Valuation

  6%

  $254,321

  6.5%

  $234,758

  7%

  $217,989

• Comparable approach

  Method

  Valuation

  Relative Method

  $121,747

  Geo Method

  $74,989

• Alternative Use

  Use

  Valuation

  Residential

  $291,100

  Hospitality

  $266,646

  Educational

  $221,846

  Medical

  $229,476

  Retail

  $345,094

Location Insight

City

Hanover

County

York

State

Pennsylvania

Latitude

39.7909

Longitude

-76.9936

CBSA code

49620

CBSA name

YORK-HANOVER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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