1186 Walnut Bottom Rd Carlisle, PA 17015
Property Lookup
Property profile & analytics
1186 Walnut Bottom Rd Carlisle, PA 17015
- Retail space
Property ID
US73-2392601
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Central Pennsylvania Surgical Associates / Medical Clinic / Hospital
- Stephanie Lyn Bolger, PA-C / Physician
- Jade Marie Means, PA-C / Physician
- Walnut Bottom Towne Center / Shopping Center & Mall
- UPMC Central PA Weight Management Center / Weight Loss Service / Bariatric Surgeon
Property Details for 1186 Walnut Bottom Rd
- Year built
- 1997
- Property type
- Retail space
- APN
- 40-23-0604-022 U2
- APU
- 40230604022U2
Description
This exceptional investment opportunity presents a 24,584 square foot, single-story shopping center in Carlisle, Pennsylvania. The property, built in 1997 and renovated in 2015, boasts a prime location on Walnut Bottom Road, directly adjacent to the UPMC Carlisle Hospital Campus and a new mixed-use Town Center development. Currently 86% occupied, the center features Planet Fitness, occupying approximately 18,000 square feet, and UPMC Central Pennsylvania Surgical Associates, leasing 3,500 square feet. Planet Fitness recently signed a five-year lease extension with built-in rent increases, extending their tenancy to 2033. UPMC also signed a new four-year lease commencing in Q2 2023, including annual rent increases and a right of first option to expand into an adjacent 2,252 square foot vacant space. The property benefits from its strategic location along the Interstate I-81 corridor, a major East Coast logistics artery. The asking price is $3,695,000, translating to $150.30 per square foot. This NNN leased property offers a compelling value-add opportunity with potential for increased rental income through leasing the remaining vacant space and future rent escalations. The property is situated within the Township's Walnut Bottom Corridor Master Plan, a catalyst site focused on sustainable growth and mixed-use development. This plan includes a new WellSpan anchored medical campus and a new housing community. The strong tenant mix, prime location, and significant upside potential make this a highly attractive investment.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Carlisle
- County
- Cumberland
- State
- Pennsylvania
- Longitude
- -77.2185
- Latitude
- 40.1781
- CBSA code
- 25420
- CBSA name
- HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$37,687
$0.00
$2,327,500
$2,327,500
-
$0.00
$2,327,500
$2,327,500
