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    1000 Cumberland St Lebanon, PA 17042

    Sponsored
    For Sale
    $899,000

    Historic building, 6 units, high ROI potential

    Property size:
    9,842 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property at 1000 Cumberland St, Lebanon, PA 17042, presents a compelling investment opportunity. The 9,842 square foot building, constructed in 1760, boasts a charming, old-world public house aesthetic. The ground floor features a restaurant space currently available for lease, complete with multiple dining areas and a separate bar area, each with its own entrance. While a liquor license is not currently active, the owner is pursuing one, which would be conveyed separately upon sale. Upstairs, five fully occupied apartment units provide consistent rental income. Situated on a 0.13-acre lot in the Central Business District, this two-story building offers a unique blend of commercial and residential income streams. The asking price is $899,000, translating to $91.34 per square foot. This property is ideally suited for an owner-operator seeking to establish a restaurant while simultaneously benefiting from the cash flow generated by the residential units. The building's historical character and prime location within Lebanon's vibrant business district promise strong returns on investment. This is a rare chance to acquire a well-established, income-producing property with significant upside potential.

    Property Features for 1000 Cumberland St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    9,842 SF
    Lot Size
    5,663 SF

    Building Details

    Year Built
    1760
    Buildings
    1
    Stories
    2
    Units
    6

    HighLights

    • Mixed‑use investment opportunity: Ground floor commercial space plus upper‑floor apartments.
    • Strong potential for rental income from both commercial and residential units.
    • Ideal for investors seeking diversified cash flow streams.
    • Excellent location (location details would go here if provided in original text).
    • Property requires updating (or renovation details if provided in original text).
    Property Profile Location Intelligence

    Current Use by Public Records

    Washington House Restaurant Restaurant Army National Guard Military Recruiting Office Kurt's Electricians LLC Electrician

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lebanon
    County
    Lebanon
    State
    Pennsylvania
    Longitude
    -76.428169
    Latitude
    40.338802

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    FAQs

    What type of property is this?
    Mixed-use property - Historic building, 6 units, high ROI potential
    Where is this mixed-use property located?
    The property is located at 1000 Cumberland St Lebanon, PA.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: Mixed-use investment opportunity: Ground floor commercial space plus upper-floor apartments.; Strong potential for rental income from both commercial and residential units.; Ideal for investors seeking diversified cash flow streams.
    (717) 850-8702
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    1000 Cumberland St Lebanon, PA 17042
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    Lebanon, PA 17042
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    Realmo Value Estimation

    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.

    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.

    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
    1000 Cumberland St Lebanon, PA 17042
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