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161 S East St

Carlisle PA 17013

$500,000.00

About property
Sale

  • Property Tax ID # 03-21-0318-112
  • Property type Retail, Retail
  • Price $500,000.00
  • Price Per Sq Ft $47.17
  • State Pennsylvania
  • County Cumberland
  • Municipality Carlisle Boro
  • City Carlisle
  • Zip code 17013
  • Street Address 161 S East St
  • Building Sq Ft 10,600
  • Assessed Value $250,000.00
  • Lot Size 10600.0 Square Feet
  • Units 1
  • Year Built 1954
  • Date Listed October 05, 2020
  • Property Status Active
  • Zoning Retail
  • Status Date Changed Jan 13, 2021
  • Total Taxes $5,302.00
  • Parking 16
  • Cap Rate 8

Description

10,600 square foot warehouse/retail building currently leased to Fortune 500 Company. 3-year initial lease with (2) 3-year option periods. Only expense that owner pays is a $2500/year insurance rider. All other expenses (taxes, utilities, all other insurance, building maintenance, snow, lawn, exterior maintenance) are paid by the tenant. 2% increase per year on lease. Tenant has been at building for 35+ years. 16 parking spaces.

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