139 Hanover StHummelstown, PA 17036

For Sale
$1,395,000

Multi-Tenant Retail Building, High Revenue Potential

Overview

Added:
Dec 11, 2024
Days on market:
95
This exceptional investment opportunity presents a 26,474 square foot multi-tenant retail building situated on a 0.68-acre lot in Hummelstown, Pennsylvania. Built in 1910, the property is zoned for multi-tenant retail use and boasts 50 parking spaces. Currently operating with multiple rented booths and a waiting list, the property offers immediate revenue streams. Detailed profit and loss statements and balance sheets are available for review, showcasing the current financial performance and the potential for increased profitability. The owner-operator model ensures efficient operations, and the existing front desk staff streamlines management. The property's versatility allows for various uses, including continued operation as a multi-tenant retail space with the potential to increase rental income by raising booth rents, or redevelopment into a lucrative retail rental space at competitive rates. Alternatively, the building could be renovated into modern office space to capitalize on higher rental yields. The property's address is 139 S Hanover St, Hummelstown, PA 17036, and its APN is 31-048-002-000-0000. The asking price is $1,395,000, translating to $52.69 per square foot. This property represents a compelling investment opportunity with significant upside potential.

Highlights

  • Exceptional 26,474 SF multi-tenant retail building on a 0.68-acre lot in Hummelstown, PA.
  • 50 parking spaces and currently operating with multiple rented booths and a waiting list, generating immediate income.
  • Detailed financials available upon request, showcasing strong performance and upside potential.
  • Owner-operator model with existing front desk staff ensures efficient management.
  • Versatile property suitable for continued multi-tenant retail use, redevelopment into retail space, or conversion to modern office space.
  • Located at 139 S Hanover St, Hummelstown, PA 17036 (APN: 31-048-002-000-0000), asking price $1,395,000 ($52.69/SF).

Property Details for 139 Hanover St

Property type
Other retail properties, Retail properties
Square Feet
26,474 SF
Year Built
1910
Lot Size (sq. ft)
29,621 SF

Location Insight

City
Hummelstown
County
Dauphin
State
Pennsylvania
Latitude
40.262675
Longitude
-76.7071815
139 Hanover St, Hummelstown, Pennsylvania

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139 Hanover St
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