1223 E Chocolate Ave - Freestanding FOR SALE


Hershey, PA 17033
$515,000 USD
717-731-1990
1223 E Chocolate Ave, Hershey, PA for Sale
$515,000 USD
Freestanding - FOR SALE
1/8
null | Request Cap Rate

1223 E Chocolate Ave
Hershey, PA 17033


HIGHLIGHTS

  • Fully leased mixed-use property with a diverse tenant mix
  • Highly desirable location just minutes from downtown Hershey
  • Value-add opportunity in lease structure
  • Great starter investment or portfolio addition

OVERVIEW

We are proud to present this fully leased mixed-use property in the highly desirable Hershey market. Property consists of a total of 2,850 SF of space including a 1,400 first floor retail space, 1 BR apartment, garage/workshop, and off-street parking. Tenant mix includes a personal services user in year 2 of a 3-year lease with two 5-year options, and legacy tenants in the second floor apartment and garage. Currently offered at a 6.1 % cap rate; potential for increased yields with rent escalations and shifting terms for tenants to NNN. Great keystone property for a new owner portfolio or augmenting an existing mixed-use investment strategy.

FOR SALE DETAILS

PRICE

$515,000 USD

PRICE/SF

$181 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

Palmdale Mixed Use

APN/PARCEL ID

24-006-135

ASK ABOUT THIS PROPERTY

Nick SallackLandmark Commercial RealtyMore Info
717-731-1990

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Nick SallackLandmark Commercial RealtyMore Info
717-731-1990

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.