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GEORGE WOODS

george@georgewoodsteam.com +1(717) 324-2500

Listed by Jeff Wright • Foundation First Property Group

$ 500,000

Est. payment | -/mo

0.33 Acres Lot

Save

$ 500,000

Est. payment | -/mo

Save

0.33 Acres Lot

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID PAYK2105608

Year Built 1900

Annual Tax Amount $7,011

Tax Year 2025

Lot Size 0.332 Acres

Acres 0.33

Property Sub-Type Mixed Use

Source BRIGHT

Property Description

Here is a unique opportunity to own a piece of Hanover history. 512 Broadway had been operated for 70 years as Strickler's Hobby Shop. The property includes the building at 514 Broadway. Altogether, there is one storefront commercial space, three two-bedroom residential units, a large basement under the commercial space that could be a work area or storage, and a parking lot with eight parking spaces. This property could be ideal for the owner-operator who wants to run a business in the commercial space, live in one of the residential units, and continue to rent the others. Other possibilities include: Move the driveway and expand the parking lot to accommodate nearly 20 vehicles; build a duplex on part of the existing lawn; convert the commercial space into residential. 514 was renovated and converted to a 2-unit in 2019. Projected Annual Gross Rents of $58,020, plus utility reimbursements. This sale includes the tax parcel 67-000-18-0135-A0-00000, which is labeled 514 Broadway, but is only portion of the parking lot. Seller financing may be considered with a minimum 20% down payment.

Location

State PA

County York

Area Hanover Boro (15267)

Zoning MIXED USE

Interior

Hot Water Electric, Natural Gas

Heating Baseboard - Hot Water, Steam

Cooling Central A/C, Wall Unit

Heat Source Natural Gas

Exterior

Garage Spaces 8.0

Water Access N

Roof Type Rubber,Shingle

Accessibility 2+ Access Exits

Total Parking Spaces 8

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Hanover Public

Others

Tax ID 67-000-18-0134-00-00000

Ownership Fee Simple

Acceptable Financing Conventional, Cash, Exchange, Seller Financing

Listing Terms Conventional, Cash, Exchange, Seller Financing

Financing Conventional,Cash,Exchange,Seller Financing

Special Listing Condition Standard

512 BROADWAY Hanover, PA 17331