' d='M31.6,3.5C5.9,13.6-6.6,42.7,3.5,68.4c10.1,25.7,39.2,38.3,64.9,28.1l-3.1-7.9c-21.3,8.4-45.4-2-53.8-23.3 c-8.4-21.3,2-45.4,23.3-53.8L31.6,3.5z'%3e%3canimateTransform attributeName='transform' attributeType='XML' type='rotate' dur='2s' from='0 50 50' to='360 50 50' repeatCount='indefinite' /%3e%3c/path%3e%3cpath
fill='rgba(0, 46, 92, 1)' d='M42.3,39.6c5.7-4.3,13.9-3.1,18.1,2.7c4.3,5.7,3.1,13.9-2.7,18.1l4.1,5.5c8.8-6.5,10.6-19,4.1-27.7 c-6.5-8.8-19-10.6-27.7-4.1L42.3,39.6z'%3e%3canimateTransform attributeName='transform' attributeType='XML' type='rotate' dur='1s' from='0 50 50' to='-360 50 50' repeatCount='indefinite' /%3e%3c/path%3e%3cpath
fill='rgba(0, 46, 92, 1)' d='M82,35.7C74.1,18,53.4,10.1,35.7,18S10.1,46.6,18,64.3l7.6-3.4c-6-13.5,0-29.3,13.5-35.3s29.3,0,35.3,13.5 L82,35.7z'%3e%3canimateTransform attributeName='transform' attributeType='XML' type='rotate' dur='2s' from='0 50 50' to='360 50 50' repeatCount='indefinite' /%3e%3c/path%3e%3c/svg%3e)
1223 E. Chocolate Avenue 1223 E. Chocolate Avenue, Hershey, PA 17033
Property Description
We are proud to present this fully leased mixed-use property in the highly desirable Hershey market. Property consists of a total of 2,850 SF of space including a 1,400 SF first floor retail space, 1BR apartment, garage/workshop, and off-street parking. Tenant mix includes a personal services user in year 2 of a 3-year lease with two 5-year options, and legacy tenants in the second floor apartment and garage. Currently offered at a 7.2% cap rate; potential for increased yields with rent escalations and shifting terms for tenants to NNN. Great keystone property for a new owner portfolio or augmenting an existing mixed use investment strategy.
Highlights
Fully leased mixed-use property with a diverse tenant mix
Highly desirable location just minutes from downtown Hershey
Value-add opportunity in lease structure
Great starter investment or portfolio addition
Full Address: 1223 E. Chocolate Avenue, Hershey, PA 17033
Listing Type: FOR SALE
Status: Active
Region: E-NE
County: Dauphin
Property ID: 835344
Building Sf: 2850
Fully leased mixed-use property with a diverse tenant mix
Highly desirable location just minutes from downtown Hershey
Value-add opportunity in lease structure
Great starter investment or portfolio addition