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    FOR SALE
    Investment properties

    1582 Holly Pike, Carlisle, PA 17015

    6,917 SF 2.06 ac lot
    Entity Owned 13-yr Hold ~ Est. High Equity
    Property ID
    US73-5948653
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Total area 6,917 SF
    Lot 2.06 ac (89,734 SF)
    APN 40-10-0632-017
    UPID US73-5948653
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Mike's Woodworks Plus Home Decor Store (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $721k
    Blend (final) Blend
    $675k
    Owner & transaction history
    Holly Pike At 1582 INC · 13 yrs held
    Holly Pike At 1582 INC
    since 2012
    3 recorded transactions
    2022
    2012
    $485,000
    2007
    $385,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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