1514 Commerce Ave Carlisle, PA 17015
- Commercial real estate
- 4.57 lot acres
Current Use by Public Records
- Integrative Healthcare / Home Health Care Service
- Carlisle Truck and Trailer Repair LLC - MOBILE MECHANIC / Truck Repair Shop / Diagnostic Center
- Melinda Dunmire Licensed Massage Therapist & Holistic Health Advisor / Massage Therapist
- CTP (tractor Trailer Tire AND REPAIR) / Truck Repair Shop
- HSH Management Inc / Business Management Consultant
Property Details for 1514 Commerce Ave
- Lot size
- 4.57 lot acres
- Property type
- Commercial real estate
- APN
- 40-09-0527-028
- APU
- 40090527028
Description
This exceptional Carlisle, Pennsylvania industrial property, located at 1514 Commerce Ave, offers a unique blend of warehouse and office space, ideal for owner-users. The 23,780 square foot building sits on a generous 4.57-acre lot zoned I-3 Industrial Transportation, providing ample space for operations and expansion. Built in 1984, this Class B property features a two-story design. The ground floor boasts 5,700 square feet of office space and a 4,100 square foot repair garage with 20-foot ceilings, three 14-foot garage doors, and parking for 25 tractor-trailers within a fenced yard. The upper floor includes three leased offices accessible by elevator. Additionally, there's a leased 5,000 square foot area at the rear of the building, complete with mezzanine storage, office space, and a lean-to for additional outdoor storage (not included in the 23,780 square foot building area). The property includes three loading docks and three dock-high doors. Conveniently located less than a mile from Interstate 81's Exit 44 (north and southbound ramps), this property presents a compelling investment opportunity at an asking price of $4,700,000. The property's APN is 40-09-0527-028.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,315,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,895,000
- 6.5%
- $3,230,000
- 7%
- $3,340,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,155,000
- Geo Method
- $2,680,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,030,000
- Retail
- $2,425,000
- Mixed-Use
- $2,890,000
- Hospitality
- $2,470,000
- Educational
- $2,700,000
- Residential Income
- $3,035,000
- Energy
- $2,955,000
- Income-Based Land
- $2,695,000
- Food Service
- $3,145,000
Location Insight
- Map
- Local Demand
- City
- Carlisle
- County
- Cumberland
- State
- Pennsylvania
- Longitude
- -77.2327
- Latitude
- 40.1842
- CBSA code
- 25420
- CBSA name
- HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA
