Mixed-Use Development with Industrial
For Sale
$2,100,000
321 Cherry Street, Carlisle, PA 17013
Infill mixed-use site with flexible zoning and an existing 40,000+ SF industrial building for redevelopment or adaptive reuse.
Property SizeContact for details
Days on Market105
Property Features for 321 Cherry Street
General Information
Standard status
Active
Property subtype
Land
Lease Term
[]
Listing Agency:
Keller Williams of Central PA
Listed By:
Matthew D Madden · License #AB067554
(717) 249-1844
Source:
Deepcreeklake
Added: Jun 8
Changed: Sep 19
Last Checked: Sep 19 at 11:14AM
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 Keller Williams of Central PA
Investment Insights
Based on property information with market context.
The property presents an Opportunity Zone mixed-use development opportunity comprised of two parcels totaling 5.34 acres. The site includes an existing 40,000+ SF industrial building that can support adaptive reuse as part of a broader redevelopment plan. Concept plans indicate potential for 100+ apartments along with a mix of commercial uses, subject to applicable approvals and permitting.
The location is described as one of Carlisle’s most connected areas, positioned within an Opportunity Zone. The property is adjacent to the Carlisle School District complex and is less than two blocks from Dickinson College. It is also within walking distance of Downtown Carlisle’s shops and restaurants, supporting day-to-day accessibility for residents and visitors.
For developers, investors, or owners seeking an infill platform, the combination of UM – Urban Mixed Use zoning flexibility and an existing industrial improvement offers multiple redevelopment pathways. The site configuration can be aligned to residential and commercial components as reflected in the provided concept planning, with the industrial building serving as an on-site asset rather than requiring starting from ground-up construction.
The location is described as one of Carlisle’s most connected areas, positioned within an Opportunity Zone. The property is adjacent to the Carlisle School District complex and is less than two blocks from Dickinson College. It is also within walking distance of Downtown Carlisle’s shops and restaurants, supporting day-to-day accessibility for residents and visitors.
For developers, investors, or owners seeking an infill platform, the combination of UM – Urban Mixed Use zoning flexibility and an existing industrial improvement offers multiple redevelopment pathways. The site configuration can be aligned to residential and commercial components as reflected in the provided concept planning, with the industrial building serving as an on-site asset rather than requiring starting from ground-up construction.
Key Highlights
- 5.34‑acre infill site with flexible UM – Urban Mixed Use zoning for a wide range of permitted uses
- Located within an Opportunity Zone
- Existing 40,000+ SF industrial building on‑site for redevelopment or adaptive reuse
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
908
Businesses Nearby
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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 Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Infill mixed-use site with flexible zoning and an existing 40,000+ SF industrial building for redevelopment or adaptive reuse.
Where is this manufacturing property located?
The property is located at 321 Cherry Street Carlisle, PA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 5.34‑acre infill site with flexible UM – Urban Mixed Use zoning for a wide range of permitted uses; Located within an Opportunity Zone; Existing 40,000+ SF industrial building on‑site for redevelopment or adaptive reuse
