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1223 E Chocolate Ave 2,850 SF Vacant Retail Building Hershey, PA 17033 $718,899 CAD ($252.25 CAD/SF)
INVESTMENT HIGHLIGHTS
- Fully leased mixed-use property with a diverse tenant mix
- Value-add opportunity in lease structure
- Highly desirable location just minutes from downtown Hershey
- Great starter investment or portfolio addition
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,850 SF
Building Class
C
Year Built/Renovated
1930/2017
Price
$718,899 CAD
Price Per SF
$252.25 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.27
Lot Size
0.24 AC
Zoning
Palmdale Mixed Use
AMENITIES
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 24-006-135 | Improvements Assessment | $188,953 CAD |
| Land Assessment | $99,976 CAD | Total Assessment | $288,929 CAD |
PROPERTY TAXES
Parcel Number
24-006-135
Land Assessment
$99,976 CAD
Improvements Assessment
$188,953 CAD
Total Assessment
$288,929 CAD
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1223 E Chocolate Ave
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