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Listed by Kelly MacGregor of RE/MAX Quality Service,Inc.
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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Copyright 2026 BRIGHT, All Rights Reserved.  Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which The Greene Realty Group participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data last updated June 13, 2026. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

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