648 Frederick St | Hanover, PA 17331
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- LoopNet Team
648 Frederick St
Hanover, PA 17331
FLUENT · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Attractive Cap Rate: The property is being offered at a compelling 10.25% cap rate.
- The base rent is scheduled to increase by 7.14% in June 2025, presenting an excellent opportunity for increased investment returns.
- Zero Landlord Responsibilities: This property is on a NNN lease, making it ideal for investors seeking no landlord responsibilities.
- This location benefits from minimal competition, with the nearest competing dispensary in Pennsylvania located over 13 miles from the subject property
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
4,928 SF
Building Class
C
Year Built
1930
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.74 AC
Zoning
CM - This zoning is designed for wholesale businesses and storage, and is intended to bridge commercial retail with industrial activities. It excludes more
Parking
35 Spaces (7.1 Spaces per 1,000 SF Leased)
Frontage
157’ on Frederick Street
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