800 High StCarlisle, PA 17013

For Sale
Call for price

Prime Carlisle location, high-traffic retail opportunity

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional retail property, known as The Point at Carlisle Plaza, presents a unique investment opportunity in the thriving Carlisle, Pennsylvania market. The property encompasses a significant footprint ranging from 30,927 to 479,160 square feet, distributed across two units. The zoning is C-2 Shopping Center/Mixed Use, offering considerable flexibility for future development. The site itself boasts a generous lot size ranging from 0.71 to 11 acres. A key feature is a 60,000 square foot freestanding anchor box with direct access to ample parking, complemented by a 100,000 square foot enclosed mall space presenting a compelling demalling opportunity. The property benefits from a recently signed 10-year ground lease with Burger King for a newly constructed (2024) building. Additionally, a vacant 280 square foot space, previously occupied by a bank and ATM, offers potential for a new pad site development. The property's strategic location is less than one mile from I-81 exits 48 & 49 and Carlisle's central business district, ensuring high visibility and accessibility. Note that Lowe's owns a separate parcel and is not included in this offering. The entire parcel operates under an ECCR Operating Agreement. Financial details, including rent roll and center operating expenses, are available upon execution of a Confidentiality Agreement.

Highlights

  • Detailed rent roll and operating expense information available upon execution of a Confidentiality Agreement.
  • High-quality tenant roster.
  • Strong historical occupancy rates.
  • Excellent location with high visibility and accessibility.
  • Significant upside potential through lease renewals and rent increases.

Property Details for 800 High St

Property type
Lifestyle centers, Power centers
Square Feet
30,927 SF
Lot Size (sq. ft)
30,928 SF
Units
2

Location Insight

City
Carlisle
County
Cumberland
State
Pennsylvania
Latitude
40.199085839143
Longitude
-77.173360019812
800 High St, Carlisle, Pennsylvania

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800 High St
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