1225 Ritner Highway

Colliers is the owner’s exclusive agent to market and sell the 32,000 gross leasable square foot property formerly anchored by Food Lion Supermarkets at 1225 Ritner Highway in Carlisle, Pennsylvania, 17103. 
The suggested price is $2,500,000, approximately $78 per square foot of GLA.

The 4.47-acre Property offers 463 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 fully occupied by three tenants. Two of the tenants’  leases (totaling 95% of the building with 30,500 SF) can be terminated by the end of 2025, allowing a buyer to quickly occupy the spaces as an Owner-Occupant. Alternatively, an Investor purchaser might extend the lease terms or replace these MTM tenants with new market-rate tenants.

Under Contract/Escrow