Office Suite with Multipurpose
New
For Sale
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1455 E MAIN STREET SUITE 2, Annville, PA 17003
The layout combines private offices, workstations, meeting space, storage, a kitchenette and separate restrooms.
Property Size3,000 SF
Price / SF$0.92
Days on Market5
Property Features for 1455 E MAIN STREET SUITE 2
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Floor
First Floor
Office Units
1
Property Use
Office
Amenities
reception area
meeting space
storage
private executive office
kitchenette
restrooms
multipurpose room
ramp access
signage
Building Details
Year Built
1970
Tenancy
Multi
Listing Agency:
Iron Valley Real Estate
(717) 769-2986
Listed By:
Brad L Longenecker · License #RS335819
(717) 821-2526
Source:
Cummingsrealtors
Added: Oct 30
Changed: Nov 1
Last Checked: Nov 3 at 6:32AM
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 Iron Valley Real Estate
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Investment Insights
Based on property information with market context.
This 3,000-square-foot office suite occupies the first floor at 1455 E. Main Street in Annville. Its layout includes a reception area, open workspace with multiple workstations, a private executive office, meeting space, storage, a kitchenette and separate men’s and women’s restrooms. A large multipurpose room can serve as additional office space or accommodate seminars, training, conferences and gatherings. Ramp access and on-site parking are available, with signage along Route 422.
The suite is distinct from Jubilee Ministries’ Re-Use-It operation, which also occupies the building. Route 422 provides access to the Lebanon County corridor. Water, sewer and snow removal are included; the tenant pays for gas and electric. Office, training, community organization and religious uses may be considered, subject to owner and applicable municipal approvals.
The suite is distinct from Jubilee Ministries’ Re-Use-It operation, which also occupies the building. Route 422 provides access to the Lebanon County corridor. Water, sewer and snow removal are included; the tenant pays for gas and electric. Office, training, community organization and religious uses may be considered, subject to owner and applicable municipal approvals.
Key Highlights
- 3,000‑square‑foot first‑floor office suite
- Reception area, open workstation area and private executive office
- Multipurpose room suited to office, seminar, training or conference use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,328
Suggested Prices Based on Cap Rates
Cap Rate 5%
$746,560
$746.6K
Cap Rate 7%
$533,257
$533.3K
Cap Rate 9%
$414,756
$414.8K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$63.0K $21.00/SF
− Vacancy
−$13.2K −$4.41/SF
EGI
$49.8K $16.59/SF
− OpEx
−$12.4K −$4.15/SF
NOI
$37.3K $12.44/SF
Area
Lebanon County, PA
Vacancy
21.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$746,560
Cap Rate 7%
$533,257
Cap Rate 9%
$414,756
Alternative Uses
Best Use
Office B
$533.3K
$466.6K – $622.1K
NOI $37,328 @ 7.0% cap · market cap 1,357.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$704.2K
$616.1K – $821.5K
NOI $49,291 @ 7.0% cap · market cap 1,792.40%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
1
Office units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
368
Businesses Nearby
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Business Placement
Demographics for 17003, PA
12,329
Population
4,507
Households
2.7
Avg Household Size
40
Median Age
33%
College-Educated
93%
High-School Grad
42.7 sq mi
ZIP Area
289
Density / Sq Mi
$87,350
Median Household Income
$36,394
Median Earnings
$1,088
Median Rent
$242,200
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - The layout combines private offices, workstations, meeting space, storage, a kitchenette and separate restrooms.
Where is this office unit located?
The property is located at 1455 E MAIN STREET SUITE 2 Annville, PA.
What are key features of this property?
This property features: 3,000‑square‑foot first‑floor office suite; Reception area, open workstation area and private executive office; Multipurpose room suited to office, seminar, training or conference use
