17 Acres w/ 2 Signalized Corners
Land
Marketing description
This is a rare, large commercial property situated close to the “Golden Mile”, benefits from the greater than 22,000 CPD traffic count and an adjacent 136 unit residential development currently under construction. PennDOT permits are expected to be in place by Fall of 2024 making for speedy approvals for land development. PennDOT permits include a new signal at Hanover Street creating two high value signalized corners. All stormwater will be discharged into the nearby quarry, so no need for on-site detention. Land will essentially be pad ready.
Land is available for sale or lease, up to 17 acres.
Investment highlights
•Located in Hanover, Pa
•Up to 17± Acres
•Quick access to Hanover and Rt 30
•22,300 CPD Traffic Count
•LERTA Designation: Save 50% on RE taxes first 10 years
•All stormwater will be sent to the quarry maximizing usable area
•Hanover Street soon to be extended to residential development, creating two signalize corners
PennDOT permits expected to be obtained by Fall of 2024
•Adjacent to permitted 136 unit housing development
•New automotive dealership under construction on adjacent property.
•Low real estate taxes (+-50% lower than Hanover Borough)
•Supportive, pro-development local government.
•Public water & sewer
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