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512 Broadway
For Sale $500,000
$500,000
- 2 Units
- Unknown Sq Ft
- 14,475 Sq Ft
- Unknown Cap Rate
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.
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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 | $500,000 |
| Property Type | Flex Space |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1900 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 670001801340000000 |
| MLS # | PAYK2105608 |
| Property ID | 322937609 |
| Lot Sqft | 14,475 |
| Zoning | MIXED USE |
| Total Units | 2 |
| Days on Market | 6 |
| Original List Price | Unknown |
| Date Updated | June 16, 2026 |
| Date Created | June 15, 2026 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Jeffrey S Wright an agent of . Lic #RM423638
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Data last updated: June 21, 2026.
Robert Crawford
REAL ESTATE AGENT