512 Broadway, Hanover, PA 17331

$500,000

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List Price
$500,000
Days on Market
44
Status
ACTIVE
MLS#
PAYK2105608
Lot Size (Acres)
0.33
Year Built
1900
County
York
Municipality
Hanover Boro
School District
Hanover Public
Subtype
Mixed Use

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.

Additional Information

Area
Hanover Boro (15267)
Building Name
Stickler Hobbies
Tax/Year
2025
Total Taxes
$7011
School Taxes
4339
County Taxes
1420.00
Municipal Taxes
1251.00
Acceptable Financing
Conventional, Cash, Exchange, Seller Financing
Heating
Baseboard - Hot Water, Steam
Cooling
Central A/C, Wall Unit
Roof
Rubber, Shingle
Water
Public
Sewer
Public Sewer

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Amount of Loan
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Term of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Foundation First Property Group. Contact: (717) 797-4289