Lebanon Mixed-Use Investment
827 Chestnut Street Lebanon, PA 17042
For Sale
$199,900
Mixed-use property with commercial space and residential unit in Lebanon.
Property Size1,568 SF
Price / SF$127.49
Days on Market79
Property Features for 827 Chestnut Street
General Information
- Standard status
- Active
- Size
- 1,568 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1920
Listing Agency:
Keller Williams Realty
(717) 673-5570
Listed By:
Carson Michael Perlaki · License #RS371923
(717) 673-5570
Source:
Compass
Added: May 8
Changed: Jul 10
Last Checked: Jul 24 at 2:31PM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This mixed-use property in Lebanon City presents an opportunity for investment or owner-occupancy. The property includes a vacant first-floor commercial space, suitable for various business ventures or leasing to a tenant. Additionally, there is a 2-bedroom, 1-bath apartment on the second floor, currently rented for $1,000 per month. The property benefits from its location between the Lebanon Farmers Market and the Post Office, offering strong visibility, consistent traffic, and convenient access to downtown amenities. The property size is 1568 square feet. This property offers potential for expanding a portfolio, starting a business, or house hacking.
Key Highlights
- Prime location in the heart of Lebanon City, between the Farmers Market and Post Office, offering strong visibility and easy access to downtown amenities.
- Mixed‑use property with a vacant first‑floor commercial space, ideal for business owners or tenants.
- Spacious 2‑bedroom, 1‑bath apartment on the second floor, currently rented for $1,000/month, providing immediate income.
Financial Insights For Mixed Use
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 | $28.2k | $18.00 |
| − Vacancy | −$2.8k | −$1.80 |
| EGI | $25.4k | $16.20 |
| − OpEx | −$9.5k | −$6.07 |
| NOI | $15.9k | $10.13 |
1,568 SF · lease $18.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$226.8K
$198.5K – $264.6K
NOI $15,876 @ 7.0% cap · market cap 7.94%
Second Best
Retail
$210.5K
$184.2K – $245.6K
NOI $14,735 @ 7.0% cap · market cap 7.37%
Theoretical Best
Office A
$368.0K
$322.0K – $429.4K
NOI $25,763 @ 7.0% cap · market cap 12.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Studio X Salon
Hair Salon
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with commercial space and residential unit in Lebanon.
Where is this mixed-use property located?
The property is located at 827 Chestnut Street Lebanon, PA.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Prime location in the heart of Lebanon City, between the Farmers Market and Post Office, offering strong visibility and easy access to downtown amenities.; Mixed‑use property with a vacant first‑floor commercial space, ideal for business owners or tenants.; Spacious 2‑bedroom, 1‑bath apartment on the second floor, currently rented for $1,000/month, providing immediate income.
