Renovated Restaurant and
For Sale
Contact for pricing
137 N Hanover St, Carlisle, PA 17013
Former restaurant and bar with distillery production, completely renovated in 2019 and offered with FF&E included.
Property Size6,381 SF
Price / SF$125.37
Days on Market438
Property Features for 137 N Hanover St
General Information
Standard status
Active
Size
6,381 SF
Property subtype
RETAIL
Additional Details
Furnished
Yes
Building Details
Year Renovated
2019
Listing Agency:
NAI CIR | Lemoyne
(717) 761-5070
Listed By:
Nik Sgagias · License #AB069294
(717) 439-9453
Source:
Moodyscre
Added: Aug 19, 2025
Changed: Oct 25
Last Checked: Oct 28 at 12:30PM
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 NAI CIR | Lemoyne
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Investment Insights
Based on property information with market context.
This former restaurant and bar includes distillery production. The property was completely renovated in 2019, and furniture, fixtures & equipment (FF&E) are included with the sale.
Located in the heart of Carlisle borough, the property is minutes from Dickinson College, The Army War College, Carlisle Fairgrounds, and Carlisle Barracks Golf Course.
Offered for sale as a turnkey food and beverage concept space with existing operating components, the building’s 2019 renovation and included FF&E are designed to support an efficient transition to a new operator or owner.
Located in the heart of Carlisle borough, the property is minutes from Dickinson College, The Army War College, Carlisle Fairgrounds, and Carlisle Barracks Golf Course.
Offered for sale as a turnkey food and beverage concept space with existing operating components, the building’s 2019 renovation and included FF&E are designed to support an efficient transition to a new operator or owner.
Key Highlights
- Former restaurant and bar with distillery production
- Completely renovated in 2019
- Furniture, fixtures & equipment (FF&E) included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,814
Cap Rate
8.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,316,280
$1.3M
Cap Rate 7%
$940,200
$940.2K
Cap Rate 9%
$731,267
$731.3K
Market Conditions
NOI Build-Up for 6,381 SF
Gross rent
$91.9K $14.40/SF
− Vacancy
−$4.1K −$0.65/SF
EGI
$87.8K $13.75/SF
− OpEx
−$21.9K −$3.44/SF
NOI
$65.8K $10.31/SF
Area
Cumberland County, PA
Vacancy
4.50%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,316,280
Cap Rate 7%
$940,200
Cap Rate 9%
$731,267
Alternative Uses
Best Use
Specialty Retail
$940.2K
$822.7K – $1.10M
NOI $65,814 @ 7.0% cap · market cap 8.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,758 @ 7.0% cap · market cap 12.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,486
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 17013, PA
36,578
Population
16,065
Households
2.3
Avg Household Size
39
Median Age
34%
College-Educated
93%
High-School Grad
39.2 sq mi
ZIP Area
933
Density / Sq Mi
$68,150
Median Household Income
$36,336
Median Earnings
$1,018
Median Rent
$221,800
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Starbucks — 255 S Spring Garden St, Carlisle, PA 17013
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- Spirit Merchant & Grocer — Kronenberg Building, Church Ave, Carlisle, PA 17013
- Grand Illusion Escape — 26 W High St, Carlisle, PA 17013
- Gingerbread Man — 5 S Court House Ave, Carlisle, PA 17013
Frequently Asked Questions
What type of property is this?
Bar & Pub - Former restaurant and bar with distillery production, completely renovated in 2019 and offered with FF&E included.
Where is this bar & pub located?
The property is located at 137 N Hanover St Carlisle, PA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Former restaurant and bar with distillery production; Completely renovated in 2019; Furniture, fixtures & equipment (FF&E) included
