Versatile Retail Building on Large
For Sale
$1,975,000
1446 Holly Pike, Carlisle, PA 17015
Retail building with income potential on 13 acres.
Property Size10,998 SF
Lot Size13.00 Acres
Price / SF$179.58
Days on Market136
Property Features for 1446 Holly Pike
General Information
Standard status
Active
Size
10,998 SF
Lot size
13.00 Acres
Building Details
Year Built
1968
Listing Agency:
Commerical Industrial Realty Co, Inc.
Listed By:
Patrick Whysong · License ##RS378353
(717) 462-1945
Source:
Soldbypattie
Added: May 27
Changed: Sep 25
Last Checked: Oct 7 at 1:58PM
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 Commerical Industrial Realty Co, Inc.
Investment Insights
Based on property information with market context.
This commercial property offers a +/-11,000 square foot retail building situated on a 13 acre lot. The property, formerly the Carlisle Country Market, benefits from a location with high traffic. Additionally, there is a leased single family home at the rear of the property, providing additional income potential.
Key Highlights
- Expansive +/-11,000 square foot retail building.
- Generous 13 acre lot.
- Highly traveled location.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,871
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,117,420
$2.1M
Cap Rate 7%
$1,512,443
$1.5M
Cap Rate 9%
$1,176,344
$1.2M
Market Conditions
NOI Build-Up for 10,998 SF
Gross rent
$158.4K $14.40/SF
− Vacancy
−$7.1K −$0.65/SF
EGI
$151.2K $13.75/SF
− OpEx
−$45.4K −$4.13/SF
NOI
$105.9K $9.63/SF
Area
Cumberland County, PA
Vacancy
4.50%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,117,420
Cap Rate 7%
$1,512,443
Cap Rate 9%
$1,176,344
Alternative Uses
Best Use
Retail
$1.51M
$1.32M – $1.76M
NOI $105,871 @ 7.0% cap · market cap 5.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.55M
$2.24M – $2.98M
NOI $178,833 @ 7.0% cap · market cap 9.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
66
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 17015, PA
22,316
Population
10,025
Households
2.2
Avg Household Size
49
Median Age
35%
College-Educated
93%
High-School Grad
110.8 sq mi
ZIP Area
201
Density / Sq Mi
$87,634
Median Household Income
$47,624
Median Earnings
$1,168
Median Rent
$281,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Storefront property - Retail building with income potential on 13 acres.
Where is this storefront property located?
The property is located at 1446 Holly Pike Carlisle, PA.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: Expansive +/-11,000 square foot retail building.; Generous 13 acre lot.; Highly traveled location.
