1602 Spring RdCarlisle, PA 17013

Property Details for 1602 Spring Rd

Lot size

1.06 AC

Property size (Sq ft)

2,056 SF

Property type

Investment properties

Property subtype

Live-work space

APN

29-18-1369-012

APU

29181369012

Description

This exceptional mixed-use property, located at 1602 Spring Road in Carlisle, Pennsylvania, presents a unique investment opportunity. Boasting 2,168 square feet on a 1.06-acre lot, this property enjoys high visibility on the heavily trafficked Spring Road, with additional access from Longs Gap Road. Its Neighborhood Commercial zoning allows for a wide range of potential uses, making it highly versatile. Previous uses have included residential rentals, a car lot, and a real estate sales office, demonstrating its adaptability to various business models. The property's strategic location offers convenient proximity to local attractions such as the Carlisle Car Show and the vibrant downtown area, while also providing easy access to major transportation routes. This combination of prime location, flexible zoning, and ample space makes this property an ideal investment for entrepreneurs and developers seeking a high-impact commercial venture in a thriving community. The property's size and accessibility make it suitable for a variety of businesses, from retail and office spaces to light industrial uses (subject to zoning regulations). Serious inquiries are encouraged to explore the full potential of this exceptional Carlisle property.

• CAP approach

  CAP return

  Valuation

  6%

  $438,661

  6.5%

  $404,918

  7%

  $375,995

• Comparable approach

  Method

  Valuation

  Relative Method

  $209,994

  Geo Method

  $129,343

• Alternative Use

  Use

  Valuation

  Residential

  $502,098

  Hospitality

  $459,919

  Educational

  $382,647

  Medical

  $395,807

  Retail

  $595,229

Location Insight

City

Carlisle

County

Cumberland

State

Pennsylvania

Latitude

40.2232

Longitude

-77.1851

CBSA code

25420

CBSA name

HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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