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    1151 Cornwall Rd Lebanon, PA 17042

    Sponsored
    For Sale
    $215,000

    1664 SF Medical Office - $215K

    Property size:
    1,664 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1,664 square foot medical office suite, located at 1151 Cornwall Rd, Suite #4 in Lebanon, Pennsylvania (17042), presents a fantastic investment opportunity. Priced at $215,000 ($129.21/sq ft), this single-story unit is part of a well-maintained condo association within a Residential Low Density (RLD) zoned area. Previously utilized as a dental practice, the space is versatile and suitable for various medical or professional uses. The property boasts the largest unit in the complex, featuring a partial basement, adding extra storage or potential expansion space. The condo association fees cover essential services, including snow removal, lawn care, trash disposal, and parking lot lighting, providing a hassle-free ownership experience. The building comprises one structure and shares the complex with other medical professionals, creating a synergistic environment. Potential buyers should note that association approval is required. This turnkey solution offers immediate occupancy and a strong return on investment in a desirable location. The property's convenient location in Lebanon County, Pennsylvania, ensures easy access to major roadways and a thriving community. This is an excellent opportunity for a medical professional seeking a well-established practice space or an investor looking for a stable, income-generating asset.

    Property Features for 1151 Cornwall Rd

    General Information

    Property type
    Medical offices
    Square Feet
    1,664 SF

    Building Details

    Buildings
    1
    Stories
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Sim Samuel H ... Dentist Steinke David w ... Dentist Brown Joy Dentist Subach Susan Dentist Dr. Trent W. ... Gastroenterologist

    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
    -76.4215536
    Latitude
    40.3231804

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    FAQs

    What type of property is this?
    Medical office - 1664 SF Medical Office - $215K
    Where is this medical office located?
    The property is located at 1151 Cornwall Rd Lebanon, PA.
    What is the asking price?
    The asking price for this property is $215,000.
    Request Owner's contact information
    1151 Cornwall Rd 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
    1151 Cornwall Rd Lebanon, PA 17042
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