Corner Retail
For Sale
$895,000
2235 W CUMBERLAND STREET, Lebanon, PA 17042
Commercial storefront with public water, public sewer, on-site parking, and access to overflow parking at the adjacent shopping center.
Property Size3,656 SF
Lot Size0.51 Acres
Price / SF$244.80
Days on Market49
Property Features for 2235 W CUMBERLAND STREET
General Information
Standard status
Active
Size
3,656 SF
Total Parking Spaces
12
Lot size
0.51 Acres
Property subtype
Commercial
Zoning
Commercial
Site & Location
Corner Location
Yes
Traffic Count
19,500 vehicles/day
Building Details
Year Built
1960
Buildings
1
Listing Agency:
Suburban Realty
(717) 867-4487
Listed By:
SHERRI KILLINGER · License #AB065199
(717) 507-6205
Source:
Cummingsrealtors
Added: Sep 2
Changed: Oct 16
Last Checked: Oct 16 at 8:49AM
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 Suburban Realty
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Investment Insights
Based on property information with market context.
Built in 1960, this 3,656-square-foot retail building occupies a 22,216-square-foot corner parcel, equal to 0.51 acres. The property was originally constructed as a bank and includes on-site parking for 12 vehicles, with additional parking available in the surrounding mall lot. Commercial zoning and public water and sewer support a range of retail-oriented operations.
The building is positioned as an outparcel of Boscov Mall Shopping Center at 2235 W Cumberland Street in Lebanon, Pennsylvania. Route 422 frontage provides exposure along a principal roadway through Lebanon County, with reported traffic of 19,500 cars per day. The mall setting adds access to shared parking and the customer activity generated by the shopping center.
The building is positioned as an outparcel of Boscov Mall Shopping Center at 2235 W Cumberland Street in Lebanon, Pennsylvania. Route 422 frontage provides exposure along a principal roadway through Lebanon County, with reported traffic of 19,500 cars per day. The mall setting adds access to shared parking and the customer activity generated by the shopping center.
Key Highlights
- 3,656‑square‑foot retail building on a 22,216‑square‑foot corner lot
- 0.51‑acre parcel positioned as an outparcel of Boscov Mall Shopping Center
- Located along Rt.422 with 19,500 cars passing per day
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,357
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$687,140
$687.1K
Cap Rate 7%
$490,814
$490.8K
Cap Rate 9%
$381,744
$381.7K
Market Conditions
NOI Build-Up for 3,656 SF
Gross rent
$54.8K $15.00/SF
− Vacancy
−$5.8K −$1.58/SF
EGI
$49.1K $13.43/SF
− OpEx
−$14.7K −$4.03/SF
NOI
$34.4K $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%
$687,140
Cap Rate 7%
$490,814
Cap Rate 9%
$381,744
Alternative Uses
Best Use
Retail
$490.8K
$429.5K – $572.6K
NOI $34,357 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$858.1K
$750.9K – $1.00M
NOI $60,070 @ 7.0% cap · market cap 6.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
19,500 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
77
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 17042, PA
40,618
Population
17,067
Households
2.4
Avg Household Size
43
Median Age
28%
College-Educated
88%
High-School Grad
67.7 sq mi
ZIP Area
600
Density / Sq Mi
$76,399
Median Household Income
$45,429
Median Earnings
$1,096
Median Rent
$222,200
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
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial storefront with public water, public sewer, on-site parking, and access to overflow parking at the adjacent shopping center.
Where is this storefront property located?
The property is located at 2235 W CUMBERLAND STREET Lebanon, PA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 3,656‑square‑foot retail building on a 22,216‑square‑foot corner lot; 0.51‑acre parcel positioned as an outparcel of Boscov Mall Shopping Center; Located along Rt.422 with 19,500 cars passing per day
