Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2299 Cumberland Street Lebanon, PA 17042

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    42,234 SF former grocery store available for rent.

    Type:Retail
    Property size:
    42,234 SF
    Added:
    Apr 1, 2026
    Days on Market:
    24
    Last Refresh:
    Apr 1 at 11:39 am

    Property Features for 2299 Cumberland Street

    General Information

    Standard status
    Active
    Size
    42,234 SF
    Property subtype
    Retail

    Spaces For Lease

    at 2299 Cumberland Street Contact us

    We can help!

    Listing Contact
    John Buccinno, SIOR CCIM

    Listing agent John Buccinno, SIOR CCIM

    Listing office

    Listing date Apr 1, 2026

    Source Naikeystone

    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 John Buccinno, SIOR CCIM

    Overview

    Former Grocery Store Space Available

    A 42,234 square foot former grocery store is available for rent. The in-line space is located on the western portion of the mall property and is adjacent to Planet Fitness. Signage is available along Rt. 422 Ben Franklin Highway.
    Location Intelligence

    Current Use by Public Records

    Price Rite Marketplace ... Grocery & Convenience Store

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center Pharmacy Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Latin American Super Market — 429 N 9th St, Lebanon, PA 17046
    • Brothers food max Lebanon — 940 Church St, Lebanon, PA 17046

    Location Insight

    • Map
    • Local Demand
    City
    Lebanon
    County
    Lebanon
    State
    Pennsylvania
    Longitude
    -76.371667
    Latitude
    40.355149

    Nearby Similar for Lease

    • $2,500/Mo

      Customizable Office Suite in Lebanon

      Professional office suite with customizable finishes and strong visibility.
      1150 CHESTNUT Street, LEBANON, PA 17042
      View Details
    • $2,100/Mo

      Downtown Lebanon Commercial Storefront Lease

      Prime retail space with high visibility and flexible configuration.
      625 CUMBERLAND, LEBANON, PA 17042
      View Details
    • $11 SF/Yr

      4th street C

      Turn-key 3-room office suite in historic downtown Lebanon, PA.
      4 South 4Th St, Unit office C, Lebanon, PA 17042
      View Details
    • $48,825 SF/Yr

      Commercial Space in Lebanon, PA

      Two-story commercial space suitable for various businesses.
      1402 QUENTIN Road, LEBANON, PA 17042
      View Details
    • $5,000/Mo

      Retail Space on Cumberland Street

      Retail space available on Cumberland Street in Lebanon, Pennsylvania.
      1518 Cumberland St, Lebanon, PA 17042
      View Details
    • $17 SF/Yr

      Turn-Key Salon and Office Space

      Stylishly designed salon with office space available for lease.
      20 S 3rd St, Lebanon, PA
      View Details
    • $7 SF/Yr

      Lebanon Warehouse/Manufacturing Space Available

      Versatile warehouse/manufacturing space with loading docks and drive-in doors.
      105 N 16th St, Lebanon, PA 17046
      View Details
    • $8 SF/Yr

      Warehouse/Distribution Facility Available for Lease

      37,500 SF warehouse/distribution facility in Lebanon County, PA.
      1625 Willow St, Lebanon, PA
      View Details
    • Contact for pricing

      Retail Building with Drive-Thru

      Standalone retail building with drive-thru on a 1.33-acre lot.
      2 Cumberland Street, Lebanon, PA, 17042
      View Details
    • Contact for pricing

      Lebanon Valley Mall Retail Space

      42,234 SF retail space in Lebanon Valley Mall.
      2299 Cumberland Street, Lebanon, PA 17042
      View Details
    • $7 SF/Yr

      Warehouse/Distribution Facility in Lebanon

      176,848 SF warehouse/distribution facility with expansion potential.
      25 Keystone Dr, Lebanon, PA
      View Details
    • Contact for pricing

      Standalone Building with Drive-Thru

      13,813 SF standalone building with drive-thru and ample parking.
      415 South 9th Street, Lebanon, PA, 17042
      View Details

    FAQs

    What type of property is this?
    Grocery and convenience store - 42,234 SF former grocery store available for rent.
    Where is this grocery and convenience store located?
    The property is located at 2299 Cumberland Street Lebanon, PA.
    What are key features of this property?
    This property features: 42,234 SF former grocery store space available.; Located on Rt. 422 Ben Franklin Highway with signage opportunities.; In‑line space within a mall property.
    (610) 370-8508
    We can help!
    Listing Contact
    John Buccinno, SIOR CCIM
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!