Property profile

670 Hanover St Carlisle, PA 17013

OFF-MARKET
Drive through restaurants
Property ID
US73-2309607
3,270 SF 0.27 ac lot
Individually Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional turnkey restaurant opportunity in Carlisle, Pennsylvania, presents a rare chance to acquire a well-established commercial property. Located at 670 N Hanover St, this 3,270 square foot building, constructed in 1973, sits on a commercially zoned lot (Commercial Neighborhood) and boasts a convenient drive-thru window in the rear. The property includes 23 paved parking spaces, a significant asset for customer convenience. The building's history as a former KFC location provides a strong foundation for a variety of food service concepts. Its prime location along North Hanover Street (Route 34) offers excellent visibility and accessibility. The property is situated near key intersections, including Clay Street and Bedford Street, and enjoys close proximity to the Carlisle Fairgrounds, the US Army War College, and downtown Carlisle. The property's APN is 06-20-1800-040 & 042. The current lease expires August 23, 2024. This presents a unique opportunity for an investor or entrepreneur seeking a ready-made space with significant potential in a thriving community. The property's size and features make it ideal for a variety of restaurant concepts. This is a high-traffic area with strong potential for success. The ample parking ensures ease of access for customers. Don't miss this chance to own a piece of Carlisle's vibrant commercial landscape.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Total area 3,270 SF
Lot 0.27 ac (11,761 SF)
APN 06-20-1800-042
UPID US73-2309607

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant

Location

670 Hanover St Carlisle, PA 17013-1933
Carlisle metro Census 12000 HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$410k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$340k

Owner & transaction history

since 2023
Last sale
$400,000
2 recorded transactions
2023
$400,000
2021
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
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