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1223 E Chocolate Ave 2,850 SF 100% Leased Retail Building Hershey, PA 17033 $703,974 CAD ($247.01 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
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,850 SF
Building Class
C
Year Built/Renovated
1930/2017
Price
$703,974 CAD
Price Per SF
$247.01 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.27
Lot Size
0.24 AC
Zoning
Palmdale Mixed Use
Amenities
- Air Conditioning
Fairly walkable
40/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 24-006-135 | Improvements Assessment | $181,972 CAD |
| Land Assessment | $96,282 CAD | Total Assessment | $278,254 CAD |
Property Taxes
Parcel Number
24-006-135
Land Assessment
$96,282 CAD
Improvements Assessment
$181,972 CAD
Total Assessment
$278,254 CAD
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1223 E Chocolate Ave
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