1143 East Chocolate Ave

1143 East Chocolate Ave, Hershey, PA 17033

For Sale, For Lease

1,200 - 16,700 SF

1143 East Chocolate Ave

1143 East Chocolate Ave, Hershey, PA 17033

For Sale, For Lease

1,200 - 16,700 SF

  • 1143 E. Chocolate Avenue

Property Details


Building Size:

16,700 SF

Total Lot Size:

1.44 Acres

Property Type:

Strip Center

Sale Price:

$1,500,000

Lease Price:

Negotiable

Vacant Space:

16,700 SF

Tenancy:

Multi

Traffic Counts:

East Chocolate Ave: 19,000 VPD

Population:

3 Miles: 2,798
5 Miles: 53,554
7 Miles: 185,084

Building Status:

New Construction

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:


Proposed

Space Size: 16,700 SF
Offering: For Lease
Space Type: Retail
Lease Rate: Negotiable
Lease Type: NNN
Space Details:

Space can be demised.

Land

Space Available: 1.44 Acres
Offering: For Sale
Space Type: Land
Deal Status: Available

1143 East Chocolate Ave, Hershey PA 17033

1143 East Chocolate Ave, Hershey PA 17033

Brokers

Blake Shaffer

Retail Sales & Leasing
717.843.5555 x232

717.654.5612

bshaffer@bennettwilliams.com

Justin Willits
Retail Sales & Leasing
717.843.5555 x271

717.858.0066

jwillits@bennettwilliams.com

More Info