81 Cranes Gap Rd Carlisle, PA 17013
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.