Operating Car Wash with
For Sale
$850,000
400 S Hanover St, Carlisle, PA 17013
Car wash with self-serve bays and apartment building.
Property Size4,402 SF
Price / SF$193.09
Days on Market318
Property Features for 400 S Hanover St
General Information
Standard status
Active
Size
4,402 SF
Property subtype
Retail
Building Details
Building Size
4,402 SF
Listing Agency:
NAI CIR | Lemoyne
Listed By:
Pamela Fisher
(717) 713-7437
Source:
Circommercial
Added: Nov 21, 2025
Changed: Oct 5
Last Checked: Oct 4 at 7:47AM
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.
The property features a fully functioning conveyor car wash with towel drying, along with three self-serve bays. Operational aspects of the car wash have been recently updated. The car wash is currently leased, with the option for the buyer to renew the lease. The sale includes an apartment building at 24 W Baltimore Street, featuring two units that are currently leased and include private parking for the tenants. The car wash has been operating at this location since the 1960s and has been updated several times. Membership for the car wash service is available and frequently used. The owner is currently updating several operating portions of the facility. The car wash is zoned Neighborhood Commercial. The property is connected to public water and sewer services. UGI provides natural gas, and PPL is the electric provider. Both properties in the rear of the car wash are zoned R5 Traditional Neighborhood. The property along South Hanover Street (SR 0034) is in close proximity to Interstate 81 – Exit 47 and accessible to PaTpk, US 11 and SR 0465. The property has great accessibility along South Hanover Street with conveyor wash and hand dried, other services on 'menu' include three (3) bays for self-spray washes. The property size is 4402 square feet.
Key Highlights
- Fully functioning conveyor car wash with towel drying and three self‑serve bays, offering multiple revenue streams.
- Includes an apartment building with two leased units and private tenant parking, providing immediate rental income.
- Prime location on South Hanover Street (SR 0034) with close proximity to Interstate 81 (Exit 47), PaTpk, US 11, and SR 0465, ensuring high visibility and accessibility.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,402
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$908,040
$908.0K
Cap Rate 7%
$648,600
$648.6K
Cap Rate 9%
$504,467
$504.5K
Market Conditions
NOI Build-Up for 4,402 SF
Gross rent
$63.4K $14.40/SF
− Vacancy
−$2.9K −$0.65/SF
EGI
$60.5K $13.75/SF
− OpEx
−$15.1K −$3.44/SF
NOI
$45.4K $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%
$908,040
Cap Rate 7%
$648,600
Cap Rate 9%
$504,467
Alternative Uses
Best Use
Specialty Retail
$648.6K
$567.5K – $756.7K
NOI $45,402 @ 7.0% cap · market cap 5.34%
Second Best
Retail
$605.4K
$529.7K – $706.3K
NOI $42,375 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$1.02M
$894.7K – $1.19M
NOI $71,579 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,485
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Car wash - Car wash with self-serve bays and apartment building.
Where is this car wash located?
The property is located at 400 S Hanover St Carlisle, PA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Fully functioning conveyor car wash with towel drying and three self‑serve bays, offering multiple revenue streams.; Includes an apartment building with two leased units and private tenant parking, providing immediate rental income.; Prime location on South Hanover Street (SR 0034) with close proximity to Interstate 81 (Exit 47), PaTpk, US 11, and SR 0465, ensuring high visibility and accessibility.
