Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1582 Holly Pike Carlisle, PA 17015

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,250,000

    Restaurant with hotel rooms on two acres available for sale.

    Property size:
    8,064 SF
    Lot size:
    1.73 Acres

    Property Features for 1582 Holly Pike

    General Information

    Size
    8,064 SF
    Lot size
    1.73 Acres

    We can help!

    Listing Contact
    Nik Sgagias
    Nik Sgagias
    Source: Moodyscre

    Listing Agent: Nik Sgagias

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Restaurant and Hotel Rooms For Sale

    This is an opportunity to acquire an established restaurant with a liquor license in the Carlisle area. The sale includes an 8,064 square foot property situated on two acres. The property features a 4,250 square foot restaurant space and a separate structure containing 13 hotel rooms, which provide additional weekly income. All furniture, fixtures, and equipment, as well as a Cumberland County "H" License, are included in the sale. The property is located 10 minutes from Interstate 81 and the Pennsylvania Turnpike.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mike's Woodworks Plus Antique Store

    Suggested Use

    Restaurant Law Firm Building Supply Wholesale Shop Auto Repair Shop Hotel & Motel Gym & Fitness Storage Facility Discount Store Kitchen & Bath

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Carlisle
    County
    Cumberland
    State
    Pennsylvania
    Longitude
    -77.196343
    Latitude
    40.1533143

    Nearby Similar for Sale

    • $3,695,000
      23,584 SF

      Planet Fitness Anchored Retail Center

      NNN leased retail center anchored by Planet Fitness and UPMC.
      1186 Walnut Bottom Rd, Carlisle, PA 17015
      View Details
    • $950,000

      Equestrian Property with Modern Amenities

      Newly built home on 11.65 acres with horse barn.
      275 N Middleton Rd, Carlisle, PA 17013
      View Details
    • $900,000

      96.70 Acres Farm with Farmhouse

      96.70 acres farm featuring a farmhouse and various outbuildings.
      370 Grahams Woods Rd, Carlisle, PA 17015
      View Details
    • $250,000
      1,560 SF

      Carlisle Home with Finished Basement

      Two-bedroom home with finished basement, deck, and nature views.
      29 Brook Side Dr, Carlisle, PA 17013
      View Details
    • Contact for pricing
      42,609 SF

      Carlisle Industrial Service Facility

      Turn-key 42,609 SF industrial facility on 5.77 acres.
      1610 Industrial Dr, Carlisle, PA 17013
      View Details
    • $72,500
      1,008 SF

      Renovated Home in Carlisle Area

      Renovated 2 bed, 2 bath home in convenient location.
      37 Creekside Ln, Carlisle, PA 17015
      View Details
    • $317,700
      1,584 SF

      New Construction Home Near Downtown

      Move-in ready, 3-bedroom home near downtown Carlisle.
      319 Pelham Ct, Carlisle, PA 17013
      View Details
    • Contact for pricing
      20,000 SF

      Carlisle Industrial Outdoor Storage Facility

      20,000 SF turn-key industrial facility for sale or lease.
      1511 Commerce Ave, Carlisle, PA 17015
      View Details
    • $14,200,000
      46,000 SF

      Truck Towing and Recovery Portfolio

      Portfolio of truck towing and recovery facilities in Pennsylvania for sale.
      1220 Newville Rd, Carlisle, PA 17013
      View Details
    • $1,250,000
      8,064 SF

      Restaurant and Motel with License

      Established restaurant and motel with liquor license for sale.
      1582 Holly Pike, Carlisle, PA 17015
      View Details
    • $275,000

      Carlisle Townhouse in Sable Chase

      Move-in ready townhouse with finished basement and modern amenities.
      137 Sable Dr, Carlisle, PA 17013
      View Details
    • $34,900
      784 SF

      Updated Mobile Home in Carlisle

      Well-maintained mobile home with updates in Harmony Estates.
      10 Coral Dr, Carlisle, PA 17013
      View Details

    FAQs

    What type of property is this?
    Restaurant - Restaurant with hotel rooms on two acres available for sale.
    Where is this restaurant located?
    The property is located at 1582 Holly Pike Carlisle, PA.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: - Established, successful restaurant with liquor license in the Carlisle area.; - Includes an 8,064 SF property on two acres featuring a 4,250 SF restaurant space.; - Separate structure with 13 hotel rooms provides additional income.
    (717) 439-9453
    Request Owner's contact information
    1582 Holly Pike Carlisle, PA 17015
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1582 Holly Pike
    Carlisle, PA 17015
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1582 Holly Pike Carlisle, PA 17015
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Nik Sgagias
    Nik Sgagias
    Real Estate License ID: #AB069294
    (717) 439-9453
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.