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Property profile & analytics
OFF-MARKET
Commercial real estate

81 Cranes Gap Rd Carlisle, PA 17013

3.86 ac lot
Property ID
US73-2666368
Property summary
AI-generated overview

This exceptional 3.86-acre land parcel presents a remarkable residential development opportunity in desirable Carlisle, Pennsylvania. Located in North Middleton Township, the property boasts convenient access to Interstate 81 and the Pennsylvania Turnpike via Harrisburg Pike, placing it within easy reach of major transportation arteries. The site encompasses two contiguous parcels (APN: 29-15-1251-022 & 29-15-1251-016), offering frontage on both Cranes Gap Road and Spring Road. Zoned R-2, Medium-High Density Residential, this land allows for diverse development options, including multifamily dwellings (up to 12 units per acre), townhomes (up to 8 units per acre), and various single-family configurations (attached, detached, or semi-detached). Public water and sewer services are readily available, simplifying infrastructure needs. The property's strategic location is further enhanced by its proximity to Karns Foods (1.4 miles south) and a new townhome community under construction to the immediate west, indicating strong market demand. Existing structures on the property are non-contributory. This is an ideal opportunity for developers seeking a prime location for a new residential project in a thriving area. The asking price is $399,900, representing a fee simple ownership.

Property profile
Verified
Property type Commercial real estate
Lot 3.86 ac (168,142 SF)
APN 29-15-1251-022 & 29-15-1251-016
UPID US73-2666368
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
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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