38 – 40 Broadway

Property Details

Project Description

38-40 Broadway 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) and York Street. The building consists of three floors, with the first floor being used as retail or office and the second and third floors being used as office. The building is being redeveloped. An elevator was installed providing access to street level, first and second floors. The redevelopment will focus on the buildings characteristics such as: tin ceilings, hardwood floors, exposed brick walls and wood ceiling joists, high ceilings, many windows and the street frontage on the roads. There is public parking to the rear of the building.

Location Description:

38-40 Broadway 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 7 mile radius demographic of over 81,552 people with household incomes of more than $77,264 and daytime employment demo- graphics equally as strong with 71,582. The demographics within a 3 radius include 42,657 people in 17,897 homes.

Property Location: