For Sale
Contact for pricing
Pending
1582 Holly Pike, Carlisle, PA 17015
Conventional restaurants
Property Size8,064 SF
Lot Size2.00 Acres
Days on Market831
Property Features for 1582 Holly Pike
General Information
Standard status
Pending
Size
8,064 SF
Lot size
2.00 Acres
Property subtype
Retail, Mixed Use
Zoning
C-2 Commercial
Listing Agency:
NAI CIR
Listed By:
Nik Sgagias · License #PA AB069294
(717) 439-9453
Source:
Crexi
Added: Jul 13, 2024
Changed: Oct 12
Last Checked: Oct 20 at 8:31PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Key Highlights
- Successful, long‑standing restaurant business included in sale
- Includes Cumberland County "H" Liquor License
- 8,064 SF property on 2 acres with restaurant and hotel**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,172
Cap Rate
6.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,663,440
$1.7M
Cap Rate 7%
$1,188,171
$1.2M
Cap Rate 9%
$924,133
$924.1K
Market Conditions
NOI Build-Up for 8,064 SF
Gross rent
$116.1K $14.40/SF
− Vacancy
−$5.2K −$0.65/SF
EGI
$110.9K $13.75/SF
− OpEx
−$27.7K −$3.44/SF
NOI
$83.2K $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%
$1,663,440
Cap Rate 7%
$1,188,171
Cap Rate 9%
$924,133
Alternative Uses
Best Use
Specialty Retail
$1.19M
$1.04M – $1.39M
NOI $83,172 @ 7.0% cap · market cap 6.65%
Second Best
Mixed Use
$1.08M
$944.1K – $1.26M
NOI $75,524 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$1.87M
$1.64M – $2.19M
NOI $131,125 @ 7.0% cap · market cap 10.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
Well-served
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
Frequently Asked Questions
Where is this conventional 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: Successful, long‑standing restaurant business included in sale; Includes Cumberland County "H" Liquor License; 8,064 SF property on 2 acres with restaurant and hotel**
