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32622832

433 Ridge Ave, Hanover, PA 17331

KM
PA RSR005297, MD 5009118 (+2)
Marcus & Millichap - Baltimore
JH
PA RS376105
Listed by Marcus & Millichap - Baltimore
$2,990,000
288 days on market
Updated 58 days ago

433 Ridge Ave, Improved Economics, Ask about Financing

Details
APN 67-000-DD-0047.A0-00000, 67-000-03-0225.00-00000, 67-000-03-0226.00-00000
Property Type Industrial
Sub Type Distribution, Manufacturing (+1)
Square Footage 132,056
Net Rentable (SqFt) 132,056
Tenancy Vacant
Brand/Tenant Currently Vacant
Price per SqFt $23
Broker Co-Op Yes
Year Built 1961, 1995 Last Addition
Year Renovated 2021, 2025
Buildings 1
Stories 2
Acreage 4.870
Zoning M-Manufacturing
Ground Lease No
Ceiling Height 8'-10" to 23'-1"
Loading Docks 5
Dock High Doors 4

$22.64/SF

Marketing description

Located at 433 Ridge Avenue in Hanover, Pennsylvania, this expansive industrial property offers a total of 132,056 gross Square Feet situated on 4.87 acres, zoned M–Manufacturing. Originally constructed in 1961 and extended in 1995, the building features CMU block construction, rubber roofing, and concrete floors, some of which are covered in removable hardwood flooring. The property is fully sprinklered and well-suited for a wide range of industrial uses, including manufacturing, warehousing, and distribution. The clear ceiling height ranges from 8'-10" and approximately 9' on the lower level, 10'-6", 10'-8", and 11'-4" across the main level, and 23'-1" in the gantry crane area. Natural light floods the interior thanks to the numerous skylights throughout the facility.

The building is highly functional and offers five (5) dock positions, four (4) dock height doors, and four (4) drive in doors, allowing for excellent loading and unloading capabilities. Ownership is willing to build out additional dock doors for Tenant use. One (1) of the central drive in doors has access to a 5-Ton gantry crane loading point, and there is an option to install an additional gantry crane running in parallel on an existing I-beam. Inside, the property includes a 4,275 Square Foot office area, featuring a basement walk-in safe, a 210 Square Foot break room on the main floor that can be removed as needed, and a total of eight (8) restrooms, with room to add more on the lower levels.

The space is divisible, offering flexible leasing options. The main level comprises approximately 110,000 Square Feet, while two lower level areas include 10,670 Square Feet on the East Side in the expansion section with one (1) drive in door and 11,970 Square Feet on the West Side with two (2) drive in doors. The West Side Lower Level also houses the compressors for the pneumatic air system, which supplies the entire facility. Additional features include a Freight Elevator on the West Side, a 4,000 Amp, 208/120V, 3-phase electrical service, and gas boiler heating. Recent improvements include roof replacements on the Office and Eastern sections. The property’s flexible layout makes it an excellent candidate for multi-tenant or single-tenant occupancy. With robust infrastructure, versatile loading options, and ample power and lighting, this is a premier industrial facility in the Hanover market.

Investment highlights

M-Manufacturing Zoning | 4.87 Acres

Newer Roof Sections (2021 & 2025)

3 Phase, 4,000 Amp, 208/120V

Five (5) Dock Positions & Flexibility for Additional Dock Positions and/or Doors to be Added

Varying Clear Height

5-Ton Gantry Crane

132,056 Square Feet

Demisable

Listing Contacts

KM
PA RSR005297, MD 5009118 (+2)
Marcus & Millichap - Baltimore
JH
PA RS376105
Listed by Marcus & Millichap - Baltimore

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Zoning

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M IndustrialManufacturing
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Last updated Apr 21, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Timothy Stephenson
License
PA RMR006104
Title
Broker of Record
Name
Kyle Malin
License
RSR005297
Brokerage Phone
302.750.7610
Name
Jack Hamilton
License
RS376105
Brokerage
Marcus & Millichap
Title
Associate
Brokerage Address
2005 Market Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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