Bought with Naomi E Brown • Capstone Commercial
$1,125,000
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10,096 SqFt
SOLD DATE : 11/22/2024
Key Details
Sold Price $1,125,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 10,096 sqft
Price per Sqft $111
MLS Listing ID PAYK2060800
Sold Date 11/22/24
Originating Board BRIGHT
Year Built 1947
Annual Tax Amount $5,165
Tax Year 2024
Lot Size 6,438 Sqft
Acres 0.15
Property Sub-Type Mixed Use
Property Description
Located along the main corridor in Hanover, PA, this mixed-use property has
been extremely well maintained. The property is comprised of 7 apartments, 3 commercial spaces, and 7
storage/shop spaces. The property has had one owner for the last
22 years, who has taken great care with updates & improvements.
Currently 100% leased, this property generates a strong cash flow, with solid
upside potential. Apartment rents are lower with long-time tenants on month-to-month
leases, making it easy for a new owner to increase the cash flow on day one.
The commercial spaces are leased by a salon, a bakery, and a church with longer term leases.
There are 7 parking spaces on the property, with substantial street parking and
a borough lot located only 1 block north of the property.
Excellent Cash flow with true 8.4% CAP. See agent for financials.
Location
State PA
County York
Area Hanover Boro (15267)
Zoning DOWNTOWN
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Heat Source None
Exterior
Garage Spaces 5.0
Water Access N
Roof Type Rubber
Accessibility 2+ Access Exits
Total Parking Spaces 5
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Hanover Public
Others
Tax ID 67-000-05-0023-00-00000
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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