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Shopping Community

Carlisle Antique Mall

164 N Hanover St, Carlisle, PA 17013

Listing Price: $2,600,000

Cap Rate
8.05%
Gross SF
35,000
Rentable SF
35,000
Price/Gross SF
$74.29
Lot Size
0.60 acres
Year Built
1918

Investment Overview

Marcus & Millichap is pleased to exclusively present The Carlisle Antique Mall located at 164 N Hanover St, in Carlisle, PA. Originally built in 1918 as the iconic Montgomery Ward & Company department store, the Subject Property was renovated and now operates as a vendor community, where local vendors sell a wide variety of antique goods.

Investment Highlights

  • Self-Operated by Tenants Premier Antique Mall with Limited to Zero Landlord Responsibility and Daily Management - 5% of Gross Sales Collected by Landlord
  • Value-Add Opportunity - Below Market Rents - Rents Collected Through Self Storage Software
  • $350K in Heavy Renovations Completed in 2019 - $10K in POS and Security Systems
  • Largest Retail Footprint in Historic Downtown Carlisle

Exclusively Listed By

Financing By

Shopping Community

Carlisle Antique Mall

Listing Price: $2,600,000

Cap Rate
8.05%
Gross SF
35,000
Rentable SF
35,000
Price/Gross SF
$74.29
Lot Size
0.60 acres
Year Built
1918

Investment Highlights

  • Self-Operated by Tenants Premier Antique Mall with Limited to Zero Landlord Responsibility and Daily Management - 5% of Gross Sales Collected by Landlord
  • Value-Add Opportunity - Below Market Rents - Rents Collected Through Self Storage Software
  • $350K in Heavy Renovations Completed in 2019 - $10K in POS and Security Systems
  • Largest Retail Footprint in Historic Downtown Carlisle

Investment Overview

Marcus & Millichap is pleased to exclusively present The Carlisle Antique Mall located at 164 N Hanover St, in Carlisle, PA. Originally built in 1918 as the iconic Montgomery Ward & Company department store, the Subject Property was renovated and now operates as a vendor community, where local vendors sell a wide variety of antique goods.

Exclusively Listed By

Financing By

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