701 Cumberland St Lebanon, PA 17042
For Sale
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This exceptional freestanding commercial/office building, located at 701 Cumberland Street in the heart of Lebanon, Pennsylvania, presents a unique investment opportunity. The property boasts a substantial 17,547 square feet situated on a 0.49-acre lot, offering ample space and potential for growth. The ground floor currently houses three thriving businesses: Majik Rent-to-Own, Jackson Hewitt Tax Services, and Awaken the Harvest Ministries, all under lease agreements, generating consistent rental income. The second floor comprises eleven individual offices, easily configurable to suit various needs. These offices share a convenient conference room and kitchenette, enhancing collaboration and productivity. The building also includes a valuable off-street parking lot, providing ample parking for tenants and visitors. This property is ideally positioned for investors seeking a strong return on investment in a bustling city center location. The combination of established retail tenants on the ground floor and flexible office space on the second floor makes this a versatile and attractive asset. The property's size, location, and existing tenancy make it an exceptional opportunity for long-term growth and profitability. The 0.49-acre lot provides potential for future expansion or development. This is a rare opportunity to acquire a well-maintained, income-producing commercial property in a desirable location. The asking price is $2,095,000.
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ATM (Pennsylvania Payment Partners) Atm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.