Four-Unit Retail and Restaurant
For Sale
$560,000
1130 STATE ROUTE 72 N, Lebanon, PA 17046
Four commercial units with on-site parking for about 25 vehicles and a tenant mix that includes food service.
Property Size5,470 SF
Price / SF$102.38
Days on Market103
Property Features for 1130 STATE ROUTE 72 N
General Information
Standard status
Active
Size
5,470 SF
Total Parking Spaces
25
Property subtype
Commercial
Additional Details
Business Included
Yes
Office Units
4
Building Details
Year Built
1956
Tenancy
Multi
Listing Agency:
Howard Hanna Krall Real Estate
(717) 273-1631
Listed By:
Shawn W. Koppenhaver · License #RS288639
(717) 679-2482
Source:
Cummingsrealtors
Added: Jun 26
Changed: Oct 6
Last Checked: Oct 5 at 7:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Howard Hanna Krall Real Estate
Investment Insights
Based on property information with market context.
This 4-unit commercial property offers approximately 5,470 square feet of flexible retail and restaurant space. The current tenant mix has included food service and retail uses, and the building provides multiple unit configurations that can support an investor, an owner-user, or a combination of both.
The property is located along N. State Route 72 in North Lebanon Township. It has on-site parking for approximately 25 vehicles and is positioned to benefit from strong visibility along a highly traveled corridor, with convenient access to Lebanon City and major routes.
For tenants and owner-users, the existing unit layout can accommodate food service and retail operations while keeping space available for additional tenancy or owner occupancy. Investors may find the mix of existing occupancy and the ability to re-lease or adjust space uses a practical fit for a multi-unit retail/restaurant strategy.
The property is located along N. State Route 72 in North Lebanon Township. It has on-site parking for approximately 25 vehicles and is positioned to benefit from strong visibility along a highly traveled corridor, with convenient access to Lebanon City and major routes.
For tenants and owner-users, the existing unit layout can accommodate food service and retail operations while keeping space available for additional tenancy or owner occupancy. Investors may find the mix of existing occupancy and the ability to re-lease or adjust space uses a practical fit for a multi-unit retail/restaurant strategy.
Key Highlights
- 4‑unit commercial property built in 1956 with approximately 5,470 SF of flexible space
- Existing tenant occupancy with a tenant mix that includes food service and retail uses
- On‑site parking for approximately 25 vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,404
Cap Rate
9.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,028,080
$1.0M
Cap Rate 7%
$734,343
$734.3K
Cap Rate 9%
$571,156
$571.2K
Market Conditions
NOI Build-Up for 5,470 SF
Gross rent
$82.1K $15.00/SF
− Vacancy
−$8.6K −$1.58/SF
EGI
$73.4K $13.43/SF
− OpEx
−$22.0K −$4.03/SF
NOI
$51.4K $9.40/SF
Area
Lebanon County, PA
Vacancy
10.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,028,080
Cap Rate 7%
$734,343
Cap Rate 9%
$571,156
Alternative Uses
Best Use
Specialty Retail
$886.7K
$775.9K – $1.03M
NOI $62,071 @ 7.0% cap · market cap 11.08%
Second Best
Retail
$734.3K
$642.6K – $856.7K
NOI $51,404 @ 7.0% cap · market cap 9.18%
Theoretical Best
Office A
$1.28M
$1.12M – $1.50M
NOI $89,874 @ 7.0% cap · market cap 16.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Office units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
86
Businesses Nearby
Explore this area
Business Placement
Demographics for 17046, PA
31,272
Population
13,570
Households
2.3
Avg Household Size
39
Median Age
12%
College-Educated
84%
High-School Grad
38.9 sq mi
ZIP Area
804
Density / Sq Mi
$59,633
Median Household Income
$37,261
Median Earnings
$1,036
Median Rent
$180,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Four commercial units with on-site parking for about 25 vehicles and a tenant mix that includes food service.
Where is this retail space located?
The property is located at 1130 STATE ROUTE 72 N Lebanon, PA.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: 4‑unit commercial property built in 1956 with approximately 5,470 SF of flexible space; Existing tenant occupancy with a tenant mix that includes food service and retail uses; On‑site parking for approximately 25 vehicles
