321 Cherry Street

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321 Cherry Street

Carlisle, PA 17013
Asking Price
$2.60M
Asset Type
Residential Land
Class
Class B

What's Special

Land + Industrial building | 5.34 acres <ul><li>​Located within an Opportunity Zone</li><li>​Flexible Urban Mixed Use zoning</li><li>​5+ acres across 2 parcels</li><li>​40,000+ SF industrial building.</li><li>​Allowed uses include apartments, condos, retail, fitness/gym, restaurant, and other commercial uses</li><li>​Carlisle infill location, adjacent to Carlisle School District complex</li><li>​Less than 2 blocks to Dickinson College</li><li>​Short walk to Downtown Carlisle shops and restaurants</li></ul>

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NOI
$80,000
Cap Rate
3.08%
DSCR
0.52
Underwater
Cash-on-Cash
-9.53%
Monthly Payment
$12,863.381
Annual Cash Flow
$-74,360.577

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