Back to Search

Restaurant and Motel with License

1582 Holly Pike, Carlisle, PA 17015

View on Map

For Sale

$1,250,000

Established restaurant and motel with liquor license for sale.

Type:Mixed-Use

Property size:

8,064 SF

Lot size:

2.06 Acres

Price / SF:

$155/SF

HighLights

Successful, established restaurant with real estate and liquor license included.
The property includes a spacious, fully equipped restaurant boasting 4,250 SF.
Additional income from 13‑room motel on the property.
Includes Cumberland County "H" Liquor License.
Located on 2.06 acres.
Convenient location: 10 minutes from Interstate 81 and Pennsylvania Turnpike.

We can help!

Contact an agent

Nik Sgagias

For Sale

$1,250,000

Established restaurant and motel with liquor license for sale.

Type:Mixed-Use

Property size:

8,064 SF

Lot size:

2.06 Acres

Price / SF:

$155/SF

Added:: Jan 27, 2026
Days on Market:: 151
Last Refresh:: Apr 5 at 8:25 pm

Property Features for 1582 Holly Pike

General Information

Standard status: Active
Size: 8,064 SF
Lot size: 2.06 Acres
Property subtype: Mixed-Use

We can help!

Contact an agent

Nik Sgagias

Listing office

Listing date Jan 27, 2026

Source Circommercial

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

All listing content including descriptions, pricing, images are the copyrighted material of Nik Sgagias

HighLights

Successful, established restaurant with real estate and liquor license included.
The property includes a spacious, fully equipped restaurant boasting 4,250 SF.
Additional income from 13‑room motel on the property.
Includes Cumberland County "H" Liquor License.
Located on 2.06 acres.
Convenient location: 10 minutes from Interstate 81 and Pennsylvania Turnpike.

Overview

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 2 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" Liquor License, are included in the sale. The property is located directly off Route 34 in Carlisle, Pennsylvania, and is 10 minutes from Interstate 81 and the Pennsylvania Turnpike.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$116.1k	$14.40
− Vacancy	−$5.2k	−$0.65
EGI	$110.9k	$13.75
− OpEx	−$27.7k	−$3.44
NOI	$83.2k	$10.31

8,064 SF · lease $14.40/SF/yr · vacancy 4.50% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$1.19M

$1.04M – $1.39M (±1% cap)

NOI $83,172 @ 7.0% cap · market cap 6.65%

Second Best

Mixed Use

$1.08M

$944.1K – $1.26M (±1% cap)

NOI $75,524 @ 7.0% cap · market cap 6.04%

Theoretical Best

Office A

$1.87M

$1.64M – $2.19M (±1% cap)

NOI $131,125 @ 7.0% cap · market cap 10.49%

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

Property Profile Location Intelligence

Current Use by Public Records

Mike's Woodworks Plus Home Decor Store

Suggested Use

Similar Places Nearby

Stardust Motel — 1502 Holly Pike, Carlisle, PA 17015

Location Insight

Map
Local Demand

City: Carlisle
County: Cumberland
State: Pennsylvania
Longitude: -77.1963
Latitude: 40.1533

Nearby Similar for Sale

$2,000,000

Food Processing and Retail Facility

Turnkey meat and prepared food operation with retail space, commercial kitchen, and refrigerated storage on an accessible commercial site.

511 E LOUTHER Street, CARLISLE, PA 17013

View Details
$455,000

2,880 SF

Duplex with Covered Porch

Well-maintained duplex offers two 3-bedroom units with covered front porches and dedicated parking.

161 CHESTNUT Avenue, CARLISLE, PA 17013

View Details
$450,000

2,545 SF

Updated 3-Bed Duplex Residence

Updated 3-bedroom, 1.5-bath duplex can be sold as duplex or separately and is currently operated as an Airbnb.

328 N COLLEGE Street, CARLISLE, PA 17013

View Details
$465,000

1,200 SF

Brick and Stone Quadplex Investment

Turnkey 4-unit multifamily with off-street parking income, offering an occupied unit mix of one- and two-bedroom homes.

132 S HANOVER Street, CARLISLE, PA 17013

View Details
$2,600,000

Mixed-Use Development Land with Industrial Building

In Opportunity Zone with UM zoning and an existing industrial building for flexible mixed-use redevelopment.

321 CHERRY Street, CARLISLE, PA 17013

View Details
$265,000

1,792 SF

Mixed-Use Building with Restaurant

Two-unit downtown property with a street-facing restaurant and a separately accessed apartment above.

10 W POMFRET Street, CARLISLE, PA 17013

View Details
$209,995

1,548 SF

Updated Carlisle Multifamily Investment Property

Fully leased, updated two-unit property in Carlisle, Pennsylvania.

63-65 E PENN Street, CARLISLE, PA 17013

View Details
$2,000,000

10,224 SF

Turnkey Meat Processing and Retail Facility

Turnkey food business with included commercial real estate and FF&E, ready for a seamless operating transition.

511 E LOUTHER ST, CARLISLE, PA

View Details
$1,800,000

12,374 SF

Leased Office Building with Parking

C-2 zoned office building leased to a county assistance office, with 57 parking spaces included for tenant and visitor use.

33 Westminster Dr, Carlisle, PA 17013

View Details
$298,000

Historic Two-Story Office Building

Historic district office building with multiple private offices and conference space across two floors.

78 W Pomfret St, Carlisle, PA

View Details
$1,975,000

11,200 SF

Versatile Retail Building on Large Lot

Retail building with income potential on 13 acres.

1446 Holly Pike, Carlisle, PA 17015

View Details
$825,000

Stabilized Multifamily With Value-Add

Occupied one- and two-bedroom apartments with separate electric, offered as-is with room for select interior and capital improvements.

228 S West St, Carlisle, PA 17013

View Details

For sale
Motels
PA
Carlisle
17015
1582 Holly Pike

What type of property is this?

Motel - Established restaurant and motel with liquor license for sale.

Where is this motel 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: Successful, established restaurant with real estate and liquor license included.; The property includes a spacious, fully equipped restaurant boasting 4,250 SF.; Additional income from 13‑room motel on the property.