Renovated Restaurant and
137 N Hanover St Carlisle, PA 17013
For Sale
Contact for pricing
Former restaurant and bar with distillery production, completely renovated in 2019 and offered with FF&E included.
Property Size6,381 SF
Price / SF$155.93
Days on Market346
Property Features for 137 N Hanover St
General Information
Standard status
Active
Size
6,381 SF
Property subtype
RETAIL
Listing Agency:
NAI CIR | Lemoyne
(717) 439-9453
Listed By:
Nik Sgagias
(717) 439-9453
Source:
Moodyscre
Added: Aug 19, 2025
Changed: Jul 26
Last Checked: Jul 29 at 3:27PM
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
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 For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $91.9k | $14.40 |
| − Vacancy | −$4.1k | −$0.65 |
| EGI | $87.8k | $13.75 |
| − OpEx | −$21.9k | −$3.44 |
| NOI | $65.8k | $10.31 |
6,381 SF · lease $14.40/SF/yr · vacancy 4.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$940.2K
$822.7K – $1.10M
NOI $65,814 @ 7.0% cap · market cap 6.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,758 @ 7.0% cap · market cap 10.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Spirit Merchant & Grocer — Kronenberg Building, Church Ave, Carlisle, PA 17013
- Starbucks — 255 S Spring Garden St, Carlisle, PA 17013
- Grand Illusion Escape — 26 W High St, Carlisle, PA 17013
- Gingerbread Man — 5 S Court House Ave, Carlisle, PA 17013
- Molly Pitcher Brewing Company Taproom on High — 139 W High St, 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 $995,000.
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
