3198 Grenway Rd

3198 Grenway Rd, Dover, PA 17315

For Sale: $325,000

1,560 SF

3198 Grenway Rd

3198 Grenway Rd, Dover, PA 17315

For Sale: $325,000

1,560 SF

  • 3198 Grenway Rd.

Property Details


Building Size:

1,560 SF

Property Type:

Freestanding

Price:

$325,000

Traffic Counts:

Grenway Rd: 1,077 VPD
Carlisle Rd: 21,049 VPD

Population:

20 Minute Drive Time: 148,052

Building Status:

Existing

Project Description


3198 Grenway Road is a two-story retail building that has been operated as a successful car dealership in Dover, PA. The site presents a great opportunity for any tenant to enter a densely populated area located near national brands such as Walgreens, CVS, Royal Farms, Peoples Bank, and AutoZone, just to name a few. The current operator has leased apartment spaces on the second floor that are set to expire, the property has the ability to generate additional income by leasing out these living spaces to any tenants. The site features paved parking all around the building, a single bay garage in the rear, and second-floor access that does not conflict with the retail space. With popular retailers in close proximity to the site and dense traffic from the surrounding area, 3198 Grenway Road is a great opportunity for any user looking establish their business in the Dover market with the potential for additional revenue.

Location Description:


3198 Grenway Road is strategically placed off of the area’s primary retail corridor near Carlisle Road (21,049 VPD). The site benefits from the high-volume traffic flow from the area’s dense residential developments and surrounding retail brands. The property has strong visibility and convenient access points. With a trade area that extends over 3 miles, the site pulls from the immediate area as well as surrounding market points.

Trade Area Description:


The stability of 3198 Grenway Road is attributed to the 20-minute drive time demographic of over 148,052 people with household incomes of more than $75,283 and daytime employment demographics equally as strong with 82,486. The demographics within a 10-mile radius include 236,214 people in 94,687 homes, a labor force of 191,047 with an average household income of $80,147. The area’s growth has increased over 17% since 2000 with 16,108 new homes.

Property Location:



3198 Grenway Rd, Dover, PA, USA

Brokers

Abe Khan

Senior Sales & Leasing Associate, Retail
717.843.5555 x231

717.891.0836

akhan@bennettwilliams.com

Tommy Vo
RETAIL SALES & LEASING 717.843.5555 x236

717.887.8141

tvo@bennettwilliams.com

Brad Rohrbaugh

Brad Rohrbaugh

Executive VP, Retail Director
717.843.5555

717.891.7368

brohrbaugh@bennettwilliams.com

Chad Stine


President & CEO
717.843.5555

717.968.7505

cstine@bennettwilliams.com

More Info