Hanover Township, PA
Commercial Real Estate Market Trends & Data

$107 Avg asking sale price
$11 Avg asking lease rate
48,704 SF Avg unit lease size
16,138 SF Avg building size for sale
9.35% Average cap rate

Hanover Township's Demographic Profile

Hanover Township has 7,052 households and a median income of $59,311, providing context for rent absorption and tenant demand across retail and multifamily assets. A 0% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 16,220
# Households 7,052
Median age 42
Median household income $59,311
Avg household size 2.0
Renter-occupied housing units 2,532
5-year population change 0%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Hanover Township, PA

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Wilkes Barre $93 63,469 SF 9.22%
Kingston $105 79,971 SF 6.80%
Nearby Retail Markets Avg Cost/SF Typical Size
Hanover Township $85 10,776 SF
Wilkes Barre $80 10,237 SF
Edwardsville $118 10,200 SF
Larksville $125 9,600 SF
Kingston $118 10,200 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Wilkes Barre $125 17,628 SF 8.11%
Kingston $111 17,338 SF 8.11%

Commercial Properties For Sale in Hanover Township

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

3 Unit + Garage in Nanticoke

Nanticoke, PA 18634

  • 3,200 SF Multifamily
  • 9.35% Cap Rate
  • $395,000
For Sale

777 S Franklin St

Wilkes-Barre, PA 18702

  • 22,000 SF Industrial Building
  • $1,500,000
For Sale

1255 Sans Souci Pky

Hanover Township, PA 18706

  • 2,000 SF Retail Building
  • $189,000
For Sale

25-6405

Hanover Township, PA 18706

  • 3,400 SF Retail Building
  • $550,000
For Sale

Varsity Dr

Nanticoke, PA 18634

  • 0.20 AC Lot
  • 1 Residential Income Lot
  • $225,000
For Sale

651 Carey Ave

Wilkes-Barre, PA 18706

  • 9,600 SF Retail Building
  • $1,200,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Hanover Township pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Hanover Township $107 16,138 SF
Harding $47 19,000 SF
Plymouth $217 5,079 SF
Wilkes Barre $90 42,136 SF

Regional Demographic Comparison

This comparison places Hanover Township alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Hanover Township or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Plymouth 6,342 2,721 39 $46,414 2 1,374 2%
Wilkes Barre 45,384 17,762 36 $45,395 2 9,918 1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Hanover Township, PA and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Hanover Township

View All Commercial Real Estate For Sale in Hanover Township
Is Hanover Township a good market for a first-time commercial real estate investor?

Hanover Township offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Hanover Township?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Hanover Township. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Hanover Township?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Hanover Township. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Hanover Township compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Hanover Township. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Hanover Township acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Hanover Township, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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