38 – 40 Broadway

Property Details

Project Description

The Property is a 24,255 square foot retail and office building centrally located in Hanover, Pennsylvania. It is situated at the signalized intersection of Broadway (11,000 CPD), York Street, and Railroad Street. The building consists of three floors. The first floor is occupied by Oak Artisan Cookery and Fat Bat Brewing. The second floor is partially occupied by Hanover Golf Loft and Woodland Development, Inc. There is approximately 2,000 square feet of office/retail space located on the second floor. This space is elevator accessible. The space is in shell condition with hardwood floors and large windows. There is approximately 2,500 square feet on the third floor that is not elevator accessible. Parking is on-street and at the municipal lot to the rear of the building.

Location Description:

38-40 Broadway & 6-10 N Railroad Street is strategically positioned with significant frontage in one of the market’s primary corridors along Broadway (Route 194) with signalized access. The building benefits from the high traffic flow of Broadway, which is one of the heaviest traveled roadways in the market. Broadway acts as a focal point for retail and office users in Hanover, with a trade area that extends more than 10 miles, attracting a vast customer base from the surrounding market points.

Trade Area Description:

The site shows a 30-minute drive time demographic of over 146,844 people with household incomes of more than $65,401 and daytime employment demographics equally as strong with 76,185. The demographics within a 20-mile radius include 182,044 people in 73,446 homes, a labor force of 87,555 with an average household income of $64,547. The area’s growth since 2000 has increased over 1.2% with 926 new homes.

Property Location: