6483 Carlisle Pike
Mechanicsburg, PA 17050

Marcus & Millichap is proud to present to Investors the ability to purchase three (3) condominium units in Silver Springs Plaza - 6483 Carlisle Pike, Mechanicsburg, PA 17050. The Subject Property is 3,600 SF of Retail Space in the 7,768 SF Strip Shopping Center. The Silver Springs Plaza is located on the best section of the primary retail corridor, The Carlisle Pike (U.S. Route 11) in Mechanicsburg, PA. The property is located directly between Power Centers to the North and South. Surrounding tenants include Target, Walmart, Sams Club, Wegmans, Aldi (opening 2020), Giant Foods, Kohl's, Best Buy, Chick-Fil-A, and many more National Retail Tenants. The current tenants are all service providers that are internet resistant. A Dryclener and Nail Salon that have been in place for over 20 years and National Oreck Vacuum Dealer. Compared to the entire Harrisburg Market, the Harrisburg West sub-market earns higher rents, has less vacant retail, less existing buildings, and less inventory overall which supports the ability to maintain high occupancy. The dense retail on the Carlisle Pike Corridor that connects I-81 with PA-581 is surrounded on both sides by new residential planned communities that continue to increase the local income statistics and home values. In addition, there has been 300,000 square feet of class-A office space that has attracted tenants such as Deloitte, a Global business service provider. Cumberland County was the fastest-growing county in the state (approaching 6%, according to the most recent U.S. Census Bureau estimates), keyed by a diverse set of stable employers like state and federal government agencies, Amazon, Giant Food, and Holy Spirit Hospital which was recently acquired by Penn State Health. While it pales in comparison to Cumberland County's, Dauphin County's population growth exceeded 2%, and though Hershey and state government jobs dominate the area, Pinnacle Health is also a growing employer. Vacancies are close to 6.6%, a 0.3% climb over the past 12 months. This is largely due to several major move-outs spiking rates.