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217 Frederick St
For Sale $479,900
$479,900
- Units
- Unknown Sq Ft
- 17,860 Sq Ft
- Unknown Cap Rate
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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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $479,900 |
| Property Type | Flex Space |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1850 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 670000800350000000 |
| MLS # | PAYK2101476 |
| Property ID | 322763089 |
| Lot Sqft | 17,860 |
| Zoning | MIXED USE |
| Days on Market | 43 |
| Original List Price | Unknown |
| Date Updated | April 16, 2026 |
| Date Created | April 15, 2026 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $37,080 | $0 |
| Operating Expenses | $ 34,081 |
| Net Income (Yr) | $ 2,999 |
Listing Provided By
Kelly MacGregor an agent of RE/MAX Quality Service, Inc.. Lic #RS341382
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Data last updated: May 28, 2026.
Robert Crawford
REAL ESTATE AGENT