1582 Holly PikeCarlisle, PA 17015

Property Details for 1582 Holly Pike

Lot size

2.06 AC

Property size (Sq ft)

6,917 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

40-10-0632-017

APU

40100632017

Description

This exceptional investment opportunity presents a thriving Carlisle, Pennsylvania restaurant and motel complex. The property encompasses a substantial 8,064 square feet situated on a generous 2.06-acre lot, zoned C-2 Commercial. The main structure houses a fully equipped 4,250 square foot restaurant, ready for immediate operation. A separate building offers 13 rentable motel rooms, generating supplemental weekly income. This turnkey operation includes all furniture, fixtures, and equipment (FF&E), significantly streamlining the transition for a new owner. A valuable Cumberland County "H" Liquor License is also included in the sale, adding considerable value and potential. Conveniently located just 10 minutes from Interstate 81 and the Pennsylvania Turnpike, this property benefits from excellent accessibility and high visibility. The property's APN is 40-10-0632-017, and the asking price is $1,250,000. This is a rare chance to acquire a well-established, income-producing business with significant upside potential in a desirable location. Don't miss this opportunity to own a thriving restaurant and motel complex in the heart of Carlisle.

• CAP approach

  CAP return

  Valuation

  6%

  $1,475,786

  6.5%

  $1,362,264

  7%

  $1,264,960

• Comparable approach

  Method

  Valuation

  Relative Method

  $706,483

  Geo Method

  $435,148

• Alternative Use

  Use

  Valuation

  Residential

  $1,689,208

  Hospitality

  $1,547,305

  Educational

  $1,287,340

  Medical

  $1,331,614

  Retail

  $2,002,529

Location Insight

City

Carlisle

County

Cumberland

State

Pennsylvania

Latitude

40.1534

Longitude

-77.1965

CBSA code

25420

CBSA name

HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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