





Description
Endless Opportunity in a Prime Hanover Location!
Discover the potential of this versatile mixed-use commercial property, ideally situated just moments from the Hanover Square. With multiple income streams already in place and room to expand, this is a rare opportunity for investors or business owners looking to grow. The main building at 217 Frederick St. currently accommodates three business tenants who share a common area, along with access to two half bathrooms. The first floor features four private office spaces and is further enhanced by a vault and drive-up window, adding both character and functional versatility. The second floor offers incredible flexibility—currently set up for a potential 3-bedroom, 1-bath apartment complete with kitchen, living, and dining areas, or easily convertible into additional professional office.
To the rear, you’ll find a spacious 25-car asphalt parking lot, with several spaces already generating rental income.
The second structure, located at 7 College Ave., adds even more value. The upper level features an updated 2-bedroom, 1-bath apartment with modern LVP flooring, while the lower level includes a garage/storage space currently leased. With six income-producing tenants across office spaces, residential units, garage, and parking, this property offers immediate cash flow with upside potential. Positioned within mixed-use zoning and commercial districts, and just steps from the heart of Hanover, this property is truly a blank canvas ready for your vision. Expand, reconfigure, or simply collect income—opportunities like this don’t come around often!
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MLS# PAYK2101432
ACTIVE
$499,900
Listing Office: Coldwell Banker Realty

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Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 8th May, 2026 11:38 PM (UTC)






























































