5528 Carlisle PikeMechanicsburg, PA 17050

Property Details for 5528 Carlisle Pike

Lot size

1.04 AC

Property type

Retail properties

Property subtype

Banks

APN

10-20-1840-023

APU

10201840023

Description

This exceptional investment opportunity presents a freestanding, 2,640 square foot Chase Bank branch located at 5528 Carlisle Pike in Mechanicsburg, Pennsylvania. The property sits on a 1.04-acre lot and boasts a highly visible location along Carlisle Pike, offering exceptional exposure to high traffic volume. The bank features a convenient drive-thru, a rare amenity in this location, and benefits from four access points: two directly from Carlisle Pike and two connecting to adjacent shopping centers. This single-tenant, net-leased property is secured by a 15-year lease with Chase Bank, ensuring a stable and predictable income stream. The property enjoys 100% occupancy and a strong 5.00% cap rate. The asking price is $3,500,000. This investment is situated within a thriving retail environment, surrounded by prominent national brands such as Raising Cane's, Starbucks, CAVA, McDonald's, Dave's Hot Chicken, Marshall's, and Home Goods, further enhancing its value and appeal. The property's strategic location and strong tenant provide a compelling investment opportunity with significant barriers to entry, making it a rare find in a high-demand corridor. The zip code is 17050, and the property is located in Cumberland County.

• CAP approach

  CAP return

  Valuation

  6%

  $14,208,245

  6.5%

  $13,115,303

  7%

  $12,178,496

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,660,082

  Geo Method

  $7,181,871

• Alternative Use

  Use

  Valuation

  Residential

  $11,063,249

  Hospitality

  $10,133,877

  Educational

  $8,431,266

  Medical

  $8,721,231

  Retail

  $13,115,303

Location Insight

City

Mechanicsburg

County

Cumberland

State

Pennsylvania

Latitude

40.2406

Longitude

-76.9864

CBSA code

25420

CBSA name

HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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