1143 E. Chocolate Avenue

Property Details

Project Description

1143 E. Chocolate Avenue is a new construction, retail project ideally, and conveniently positioned along East Chocolate Avenue (Rt. 422) & Wilson Avenue in Hershey, Pa. 1143 E. Chocolate Avenue sits less than 1.5 miles from Hershey Park, Hershey’s Chocolate World & Zoo America, which benefits from over 3,276,000 visitors per year. Also within close proximity to the project is Penn State Hershey Medical Center which is a 484 bed hospital that provides care for over 900,000 patients per year. Hershey Corporation’s main headquarters (14,800 employees), also sits within minutes of this site. To coincide with its mass tourism numbers, this project benefits from over 55,000 daytime employees and an average household income of $97,559 within a 5-mile radius. The prime location of this project and the vast number of tourists that the market draws will bring traffic and growth to this new development.

Location Description:

1143 E. Chocolate Avenue is located along East Chocolate Avenue (Rt. 422), the main thoroughfare in Hershey, Pa. The project benefits from having access along Route 422 and North 1st Street. East Chocolate Avenue sees over 19,000 vehicles per day and provides easy access to other major roadways, including Rt. 322 (20,000 VPD) and Hershey Park Drive (26,000 VPD). Located in Derry Township, the project is surrounded by a good mix of entertainment, retail, office and medical complexes making it the ideal location for any use.

Trade Area Description:

The Hershey/Harrisburg trade area is ranked 4th among the 49 DMAs in Pennsylvania with consumers spending over $2.36 billion each year. Consumer spending has continued to steadily grow at an annual rate of 3.1%. The closest regional retail corridors to East Chocolate Avenue include Union Deposit Road and Jonestown Road (Rt. 22). Union Deposit Road is three miles North of Exit 48 of I-83, which merges into I-283 to the South. Union Deposit Road is highlighted by such centers as the 268,000 square foot “The Point Shopping Center” anchored by Giant, Burlington Coat Factory, AC Moore and Staples, as well as, the 289,000 square foot Union Square Shopping Center, anchored by Weis Markets, Gabriel Brothers, and Chuck E Cheese’s. Jonestown Road, located six miles North off of I-83, features the 460,000 square foot Colonial Commons anchored by Dick’s Sporting Goods, ULTA, Ross, Marshalls, and Five Below, as well as the adjacent 717,000 square foot Paxton Towne Center. Paxton Towne Center, features the next closest Target, as well as Costco, Kohl’s, Weis Markets, hhgregg, Michael’s and Bed, Bath & Beyond.

Property Location: