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$2,600,000 Just Listed
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Property Description
Opportunity Zone Mixed Use Development Opportunity. This infill redevelopment opportunity in one of Carlisle's most connected locations is comprised of two parcels totaling 5.34 acres. Located within an Opportunity Zone and featuring flexible UM - Urban Mixed Use zoning that supports a wide range of permitted uses. Concept plans show potential for 100+ apartments plus mix of commercial uses. Includes an existing 40,000+ SF industrial building, creating added potential for adaptive reuse. Ideally located adjacent to the Carlisle School District complex, less than two blocks from Dickinson College, and within walking distance to Downtown Carlisle's shops and restaurants, the property benefits from strong local demand drivers and exceptional neighborhood connectivity.
Full Property Details
Full Property Details for 321 Cherry St
General
- Price: $2,600,000
- Taxes: $5,928 (2026)
- Status: Active
- Type: Lots/Land
- Source: BrightMLSPhilly
- MLS ID: PACB2055220
- Updated: 6/16/2026
- Added to Site: 5 day(s) ago
Location
- Area: Carlisle Boro (14402)
- Municipality: CARLISLE BORO
- County: CUMBERLAND
- Cross Streets: 777 W South St
- Driving Directions: From Carlisle square, west on High St, R/Cherry to property
School Information
- School District: Carlisle Area
- High School: Carlisle Area
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Sewer Available, Water Available, Natural Gas Available
Structural Information
- Current Bldg. Use: Vacant
Lot Features
- Lot Size (Acres): 5.34
- Lot Size (Sq. Ft.): 232,610
- Lot Size Source: Estimated
- Zoning: UM - URBAN MIXED USE
Financial Considerations
- Price Per Sq. Ft.: $11.18
- Tax w/Assessment: $251,500
- Tax Amount: $5,928
- Tax Year: 2026
Disclosures and Reports
- Ownership: Fee Simple
Listed by Keller Williams of Central PA, Matthew D Madden
Get Pre-Approved Today
Schools
Schools serving 321 Cherry St
School District:Carlisle Area School District
| Name | Grades | Distance |
|---|---|---|
Bellaire El School 905 Waggoner's Gap Rd, Carlisle, PA 17013 | K-5 | 0.6 mi |
Wilson Middle School, Carlisle, PA 900 Waggoner's Gap Rd, Carlisle, PA 17013 | 6-8 | 0.5 mi |
Carlisle Area High School 623 West Penn Street, Carlisle, PA 17013 | 9-12 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 321 Cherry St
Date
Details
Price
Change
Source
6/13/2026
Listed
$2,600,000
300%
MLS
1/29/2008
Sold
$650,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 321 Cherry St
Year
Property Taxes
Change
Tax Assessment
Change
2026
$2,117
2%
$88,000
—
2025
$2,072
-83%
$88,000
-83%
2024
$11,962
5%
$523,000
—
2022
$11,417
1%
$523,000
—
2022
$11,253
1%
$523,000
—
2021
$11,092
2%
$523,000
—
2020
$10,858
2%
$523,000
—
2019
$10,631
2%
$523,000
—
2018
$10,404
2%
$523,000
—
2017
$10,197
3%
$523,000
—
2016
$9,862
2%
$523,000
—
2015
$9,700
2%
$523,000
—
2014
$9,528
—
$523,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 321 Cherry St
321 Cherry Street, Carlisle, PA 17013 (MLS# PACB2055220) is a Lots/Land property with a lot size of 5.34 acres. 321 Cherry Street is currently listed for $2,600,000 and was received on June 13, 2026. Want to learn more about 321 Cherry Street? Do you have questions about finding other Lots/Land real estate for sale in Carlisle? You can browse all Carlisle real estate or contact a Coldwell Banker agent to request more information.

