1582 Holly Pike Carlisle, PA 17015
1582 Holly Pike, Carlisle, PA, 17015
Contact for pricing
For Sale
Contact for pricing
Conventional restaurants
Property Size8,064 SF
Lot Size2.00 Acres
Price / SF$155.01
Days on Market739
Property Features for 1582 Holly Pike
General Information
- Standard status
- Active
- Size
- 8,064 SF
- Lot size
- 2.00 Acres
- Property subtype
- Retail, Mixed Use
Listing agency
NAI CIR
Listed by
Nik Sgagias · License #PA AB069294
Source
Crexi
Added: Jul 13, 2024 Updated: Jul 6 at 7:57AM Checked: Jul 19 at 8:13AM
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
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
Local 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 | $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
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mike's Woodworks Plus
Home Decor Store
Similar For Sale Nearby
FAQs
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**
