• 0 Units
• Unknown Sq Ft
• 338,897 Sq Ft
• Unknown Cap Rate

Description

Clearview Shopping Center is a 167,392-square-foot community shopping center ideally situated along Route 94/Carlisle Street, right in the heart of Hanover’s vibrant shopping district. The center is locally owned and professionally managed, offering ample parking and multiple points of access for the convenience of both shoppers and tenants. With excellent visibility from major thoroughfares and a prominent digital billboard, the center benefits from high exposure, drawing significant traffic to its storefronts. The center experiences an average of 22,000 vehicles per day, making it a prime retail location. One of the standout features of Clearview Shopping Center is its 10’ x 20’ digital billboard located at the main entrance. Tenants have the opportunity to advertise their business on this high-traffic digital display for a monthly fee of $299.00 enhancing visibility and driving customer traffic.

Currently, several suites are available for lease at an attractive rate of $15.00 per square foot annually, plus $4.00 NNN. These suites provide businesses with an excellent opportunity to establish themselves in one of the area’s most sought-after retail locations. Lease rates for the suite to the rear of the center are negotiable.

The surrounding area boasts a highly favorable demographic profile, making Clearview Shopping Center an ideal destination for retail businesses. The shopping center benefits from the region’s diverse population, which includes a significant number of households, many working for world-renowned manufacturers. Additionally, its close proximity to the Maryland state line provides access to a broader customer base, making it a key retail hub in the region for decades.

Within a 20-minute drive of the center, the population exceeds 92,888 people with household incomes averaging more than $98,000. This demographic includes a significant daytime employment base of 32,872 individuals, ensuring a steady flow of potential customers throughout the day.

Within a 10-mile radius, the population reaches 123,406 people across 49,201 households. The local labor force stands at 36,369, with an average household income of $102,737, further underscoring the purchasing power of the area.

Clearview Shopping Center remains a cornerstone of retail in the Hanover area, offering businesses a stable and growing market to reach a diverse and affluent customer base. With its strategic location, strong demographics, and competitive lease rates, the center continues to be a prime choice for businesses looking to thrive in a highly visible, well-trafficked area.