Property Description

Here is a unique opportunity to own a piece of Hanover history. 512 Broadway had been operated for 70 years as Strickler's Hobby Shop. The property includes the building at 514 Broadway. Altogether, there is one storefront commercial space, three two-bedroom residential units, a large basement under the commercial space that could be a work area or storage, and a parking lot with eight parking spaces. This property could be ideal for the owner-operator who wants to run a business in the commercial space, live in one of the residential units, and continue to rent the others. Other possibilities include: Move the driveway and expand the parking lot to accommodate nearly 20 vehicles; build a duplex on part of the existing lawn; convert the commercial space into residential. 514 was renovated and converted to a 2-unit in 2019. Projected Annual Gross Rents of $58,020, plus utility reimbursements. This sale includes the tax parcel 67-000-18-0135-A0-00000, which is labeled 514 Broadway, but is only portion of the parking lot. Seller financing may be considered with a minimum 20% down payment.

Property Features

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