80 Wetzel Drive

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80 Wetzel Drive

80 Wetzel Drive, Hanover, PA 17331

For Sale: $1,150,000.00

17,657 SF

80 Wetzel Drive

80 Wetzel Drive, Hanover, PA 17331

For Sale: $1,150,000.00

17,657 SF

Property Details

Building Size:

17,657 SF

Property Type:

Single Tenant

Price:

$1,150,000.00

Tenancy:

Single

Traffic Counts:

Carlisle Street: 22,000 VPD

Population:

1 Mile: 2,070
3 Mile: 35,202
5 Mile: 60,607

Building Status:

Existing

Investment Highlights

Gas FHA & CAC - Replaced 2014
Sewer & Water: Public
Roof: Flat, Replaced 2014
1 Drive-In Door
Ceiling Height: 12’ under beam; 14’ to deck
Taxes: Annual $17,502.98

Project Description

This building is the former Menchey Music. It is a one-story retail building, that is entirely climate controlled. The layout consists of a showroom, of ces, work shop, storage, conference room, and private music studio space. The property has 49 paved parking spaces. There is one 8’ high overhead door. The building has been well maintained with the roof and HVAC being recently replaced.

Location Description:

The property is located on the north-end of Hanover where the majority of retailers are located. The site offers easy access to Carlisle Street (SR 94), Eisenhower Drive and Broadway (SR 194). The property is adjacent to a Nissan dealership, SEK Accountants, Honda dealership, and Gateway Hanover. Wetzel Drive is a local by-pass from Carlisle Street.

Trade Area Description:

Adding to the stability of the project, 80 Wetzel Drive shows a 20 minute drive-time demographic of over 182,000 people with household incomes of more than $76,000 and daytime employment demographics equally as strong with 77,146. The demographics within a 10 mile radius include 118,133 people in 46,808 homes, a labor force
of 47,771 with an average household income of $75,280. The area’s growth over the last 10 years has increased over 20.8% since 2000 with over 6,459 new homes.