Technical
Financial
Distress signals
Property profile

1958 Spring Rd Carlisle, PA 17013

FOR LEASE
Community centers
Property ID
US73-2587228
2.13 ac lot
Entity Owned 4-yr Hold Free & Clear
Saved · see the list in your Dashboard
1958 Spring Rd, Carlisle, PA 17013 For Lease
Contact for pricing
1958 Spring Rd, Carlisle, PA 17013
View Listing →

Property summary

AI-generated overview

This exceptional 2,240-square-foot retail space, situated at 1958 Spring Road in Carlisle, Pennsylvania, presents a compelling investment opportunity. Previously occupied by a bank and a restaurant, this single-tenant property boasts a highly visible location directly on Spring Road, benefiting from an estimated 8,000 vehicles passing daily. The 2.13-acre lot provides ample parking for customers and employees, ensuring convenient access. Its strategic location near the Carlisle exit of the Pennsylvania Turnpike and the Carlisle Fair Grounds guarantees significant foot traffic and exposure to a large customer base. The property's proximity to established national retailers like Karns, Family Dollar, and Rite Aid further enhances its appeal and potential for success. This versatile space is ideal for a variety of retail uses, office spaces, or even a restaurant, offering a unique blend of accessibility, visibility, and established commercial presence within a thriving community in Cumberland County. The property's size and location make it an attractive option for businesses seeking a prominent presence in a high-traffic area.

Property profile

Verified
Property type Community centers
Use group MINI-MALL
Lot 2.13 ac (92,783 SF)
APN 29-16-1094-192
UPID US73-2587228

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1958 Spring Rd Carlisle, PA 17013
Carlisle metro Census 11902 HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$680k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$680k

Owner & transaction history

since 2022
Last sale
$615,000
6 recorded transactions
2024
Price N/A
2023
Price N/A
2022
$615,000
2018
$750,000
2016
Price N/A
2006
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
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
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message