Historic Jail Conversion Office
New
For Sale
Contact for pricing
70 Summit Lane, Red Lion, PA 17356
Former jailhouse renovated with new roof and systems updates, plus two buildings and separate electric meters for flexible small-business use.
Property Size876 SF
Price / SF$142.69
Days on Market6
Property Features for 70 Summit Lane
General Information
Standard status
Active
Size
876 SF
Property subtype
Office, Industrial
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1984
Buildings
2
Construction
brick
Listing Agency:
ROCK Commercial Real Estate
(717) 854-5357
Listed By:
Nate Resh · License #PA RS299254
Source:
Crexi
Added: Jul 27
Changed: Jul 30
Last Checked: Jul 30 at 5:26AM
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 ROCK Commercial Real Estate
Investment Insights
Based on property information with market context.
This historic office building was built in 1890 as the first jail in Red Lion Borough and has been renovated with substantial upgrades. The former jailhouse features freshly re-pointed brick and a new roof, along with new studs, drywall, paint, flooring, and lighting. The space is rough plumbed for a restroom and includes a separate electric meter with a mini-split for heating and cooling. The property also includes a separate second building and a double bay garage, supported by separate electric meters for each building.
Located in the heart of Red Lion Borough, south of Main and west of Broadway, at the intersection of N Charles and Summit, the site is positioned for local small-business or storage users who want a distinctive, practical space.
The configuration supports a variety of small business and storage needs, with dedicated electrical metering between buildings and a garage for added utility.
Located in the heart of Red Lion Borough, south of Main and west of Broadway, at the intersection of N Charles and Summit, the site is positioned for local small-business or storage users who want a distinctive, practical space.
The configuration supports a variety of small business and storage needs, with dedicated electrical metering between buildings and a garage for added utility.
Key Highlights
- Built in 1890 as the first Red Lion Borough jail
- Freshly re‑pointed brick and a new roof on the former jailhouse
- Renovations include new studs, drywall, paint, flooring, and lighting
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $7.7k | $8.83 |
| − Vacancy | −$433 | −$0.49 |
| EGI | $7.3k | $8.34 |
| − OpEx | −$2.2k | −$2.50 |
| NOI | $5.1k | $5.83 |
876 SF · lease $8.83/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Office B
$199.5K
$174.6K – $232.8K
NOI $13,966 @ 7.0% cap · market cap 11.17%
Second Best
Industrial
$73.0K
$63.9K – $85.2K
NOI $5,111 @ 7.0% cap · market cap 4.09%
Theoretical Best
Office A
$253.6K
$221.9K – $295.9K
NOI $17,754 @ 7.0% cap · market cap 14.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
439
Businesses Nearby
Explore this area
Business Placement
Demographics for 17356, PA
23,176
Population
9,212
Households
2.5
Avg Household Size
41
Median Age
23%
College-Educated
92%
High-School Grad
33.4 sq mi
ZIP Area
694
Density / Sq Mi
$85,726
Median Household Income
$46,750
Median Earnings
$966
Median Rent
$228,000
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Former jailhouse renovated with new roof and systems updates, plus two buildings and separate electric meters for flexible small-business use.
Where is this office units located?
The property is located at 70 Summit Lane Red Lion, PA.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Built in 1890 as the first Red Lion Borough jail; Freshly re‑pointed brick and a new roof on the former jailhouse; Renovations include new studs, drywall, paint, flooring, and lighting
