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500 S Hanover Street 500 South Hanover Street, Carlisle, PA 17013
Shopping Center / Retail
Shopping Center - Restaurant
mrohm@landmarkcr.com
kagnew@landmarkcr.com
Property Description
This property represents a turnkey investment opportunity with established, high-profile tenants in a thriving community. With its strategic location, strong tenant mix, and solid financials, this property is an excellent addition to any commercial real estate portfolio. Situated at a signalized intersection on a main thoroughfare, the property benefits from high visibility and easy accessibility. The proximity to residential neighborhoods, schools, and other businesses ensures a steady stream of patrons.
Area Description
In CARLISLE, history comes alive with restored architecture, tree-lined streets once walked by historical figures like George Washington, Molly Pitcher, and landmarks such as the U.S. Army Heritage & Education Center. Voted #4 in USA Today's Best Historic Small Towns, Carlisle also offers outdoor adventures on the Appalachian Trail, diverse dining experiences, boutique shops on Pomfret Street, and acclaimed events like Corvettes at Carlisle. Home to Dickinson College, recognized among the Safest College Towns in America, Carlisle earned a 2021 All-America City Award for resilience. A recent ordinance enhances the experience, allowing downtown strolls with beverages. The town is renowned for the Carlisle Events Auto Shows, a must-visit for automotive enthusiasts, and hosts large arts and culture festivals.
Adding to its historical significance, Carlisle Barracks, established in 1757, is among the nation's oldest military installations. The U.S. Army War College, relocated in 1951, prepares officers through intensive courses, and its 217 acres offer a blend of education and exploration. Conveniently located near vibrant towns like Gettysburg and Hershey, Carlisle is a destination where history, education, adventure, and culture converge.
Highlights
Fully leased to national credit tenants
• Located at prominent signalized intersection with ample off-street parking
• Excellent signage along major local corridor (13,000 ADT)
• Value-add opportunity to mark rents to market when leases roll.
Full Address: 500 South Hanover Street, Carlisle, PA 17013
Listing Type: FOR SALE
Status: Active
Occupancy Rate: 100
Building Class: B
Zoning: Commercial Neighborhood (C-4)
Region: E-NE
County: Cumberland County
Closest Cross Streets: W Willow St
Use Type: Retail
Business Type: Other Eating & Drinking Places
Property ID: 4042263
Power: Yes
Heating: Yes
Lighting: Yes
Cooling: Yes
Traffic Count: 13,000 VPD
Clearance Height: N/A
Building Construction: Masonry
Roof: Pitched Shingle
Building Sf: 2928
Number Units: 2
Number Buildings: 1
Year Built: 1967
Year Renovation: 2000
Free Standing: Yes
Tenancy Type: Multi-Tenant
Fully leased to national credit tenants
• Located at prominent signalized intersection with ample off-street parking
• Excellent signage along major local corridor (13,000 ADT)
• Value-add opportunity to mark rents to market when leases roll.