1225 Ritner Hwy - Auto Dealership FOR SALE


Carlisle, PA 17013
$2,500,000 USD
267-252-0191
1225 Ritner Hwy, Carlisle, PA for Sale
$2,500,000 USD
Auto Dealership - FOR SALE
1/16
null | Request Cap Rate

NEW


1225 Ritner Hwy
Carlisle, PA 17013


HIGHLIGHTS

  • Highly Visible on Ritner Highway (aka US11)
  • Abundant Parking at 5.78 Surface Spaces per 1,000 SF GLA
  • Two Curb Cuts
  • Opportunity for Immediate Owner-Occupant Purchaser
  • Also Suitable as Investor Opportunity by Extending Current Leases or Re-tenanting

OVERVIEW

Colliers is the owner’s exclusive agent to market and sell this 32,000 gross leasable square foot property, initially anchored by Food Lion Supermarket, at 1225 Ritner Highway in Carlisle, Pennsylvania, 17103. The suggested price is $2,500,000, approximately $78 per square foot of GLA. OWNER WILL RESPOND TO ALL OFFERS! The 4.47-acre Property offers 450 linear feet of frontage on busy Ritner Highway (aka West High Street and US 11). 1225 Ritner is adjacent to Dickinson College, NYSE-listed Carlisle Companies (CSL), and the heart of Carlisle Borough. Interchanges with I-76 and I-81 within four and two miles of the Property have spurred the development of 26,000,000 square feet of industrial distribution within a five-mile radius. The Property is now fully occupied by three tenants. Platinum Fitness occupies 29,000 SF on a lease expiring 06/30/2026. Great Wall Chinese in 1,500 SF is negotiating its renewal through 12/31/2026. Miseno’s PIzza rounds out the property with 1,500 SF extending through 08/31/2037. This situation would allow a buyer to terminate the large 29,000 SF block mid-year 2026 and occupy it as an OWNER-OCCUPANT. Alternatively, an INVESTOR purchaser might extend the lease term or replace the short term tenants with new market-rate, longer term tenants. 1225 Ritner is adjacent to Dickinson College, NYSE-listed Carlisle Companies (CSL), and the heart of Carlisle Borough. Interchanges with I-76 and I-81 within four and two miles of the Property have spurred the development of 26,000,000 square feet of industrial distribution within a five-mile radius.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$78 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

ADD'L SUBTYPES

undefined, Showroom, Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

185

LAND DETAILS

LAND ACRES

4.47 AC

LAND SF

194,713 SF

ZONING

C3 General Commercial

APN/PARCEL ID

49-08-0579-016

ASK ABOUT THIS PROPERTY

Jeffrey AlgattColliersMore Info
267-252-0191

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Jeffrey AlgattColliersMore Info
267-252-0191

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.