Renovated Two-Story
For Sale
$793,900
26 W High St, Carlisle, PA 17013
Renovated restaurant with rear parking and access to a downtown parking garage.
Property Size5,070 SF
Price / SF$156.59
Days on Market57
Property Features for 26 W High St
General Information
Standard status
Active
Size
5,070 SF
Total Parking Spaces
10
Additional Details
Seating Capacity
99
Amenities
seating for 99
Building Details
Year Built
1840
Buildings
1
Stories
2
Listing Agency:
Sterling Property Management, Inc..
Listed By:
J MICHAEL ADLER
(717) 258-5800
Source:
Kableteam
Added: Aug 18
Changed: Sep 14
Last Checked: Oct 13 at 1:46AM
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 Sterling Property Management, Inc..
Investment Insights
Based on property information with market context.
This 5,070-square-foot restaurant occupies a historic building constructed in 1840 and renovated since 2017. Dining areas span the first and second floors, with seating for 99 guests.
The property includes 10 parking spaces behind the building, with the downtown Carlisle parking garage immediately to the rear. On-street parking is also available, providing additional parking options for visitors.
The property includes 10 parking spaces behind the building, with the downtown Carlisle parking garage immediately to the rear. On-street parking is also available, providing additional parking options for visitors.
Key Highlights
- 5,070‑square‑foot restaurant building
- Renovated since 2017
- Seating for 99 across the first and second floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,292
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,045,840
$1.0M
Cap Rate 7%
$747,029
$747.0K
Cap Rate 9%
$581,022
$581.0K
Market Conditions
NOI Build-Up for 5,070 SF
Gross rent
$73.0K $14.40/SF
− Vacancy
−$3.3K −$0.65/SF
EGI
$69.7K $13.75/SF
− OpEx
−$17.4K −$3.44/SF
NOI
$52.3K $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%
$1,045,840
Cap Rate 7%
$747,029
Cap Rate 9%
$581,022
Alternative Uses
Best Use
Specialty Retail
$747.0K
$653.7K – $871.5K
NOI $52,292 @ 7.0% cap · market cap 6.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M
NOI $82,441 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,471
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- Golden coral — Carlisle, PA 17013
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Renovated restaurant with rear parking and access to a downtown parking garage.
Where is this conventional restaurant located?
The property is located at 26 W High St Carlisle, PA.
What is the asking price?
The asking price for this property is $793,900.
What are key features of this property?
This property features: 5,070‑square‑foot restaurant building; Renovated since 2017; Seating for 99 across the first and second floors
