670 Hanover StCarlisle, PA 17013

Property Details for 670 Hanover St

Lot size

0.27 AC

Property size (Sq ft)

3,270 SF

Property type

Retail properties

Property subtype

Drive through restaurants

APN

06-20-1800-042

APU

6201800042

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,025,583

  6.5%

  $946,692

  7%

  $879,071

• Comparable approach

  Method

  Valuation

  Relative Method

  $841,651

  Geo Method

  $518,404

• Alternative Use

  Use

  Valuation

  Residential

  $798,570

  Hospitality

  $731,486

  Educational

  $608,588

  Medical

  $629,518

  Retail

  $946,692

Location Insight

City

Carlisle

County

Cumberland

State

Pennsylvania

Latitude

40.2098

Longitude

-77.184

CBSA code

25420

CBSA name

HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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