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    Ritter Way Lebanon, PA 17042

    Sponsored
    For Sale
    $1,700,000

    14.42-acre I-1 zoned lot, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 14.42-acre industrial land parcel, identified as RitterWay, Lot 35, is offered for sale at $1,700,000. Situated within the Lebanon Valley Business Park, a thriving 240-acre mixed-use development, this property boasts a highly desirable I-1 industrial zoning designation. The park features complete infrastructure improvements and off-site enhancements, ensuring seamless development. Benefitting from its strategic location adjacent to a DHL regional hub, this site provides unparalleled access to major transportation arteries, including the Pennsylvania Turnpike, Interstate 81, and Interstate 78. The property's size is ideal for the construction of a substantial building, with the potential to support a structure exceeding 100,000 square feet. An adjoining 54-acre parcel is also available for purchase, presenting an opportunity for significant expansion or consolidation. The property's APN is 30-2352500-353280-0000. This is a rare opportunity to acquire a well-located, sizable industrial land parcel in a thriving business park with excellent access to major transportation networks. The property is located in Cornwall Borough, Lebanon County, Pennsylvania, 17042.

    Property Features for 0 Ritter Way

    General Information

    Property type
    Land
    Lot Size
    628,135 SF

    HighLights

    • Lebanon Valley Business Park location, 240‑acre park.
    • Fully improved mixed‑use business park.
    • Adjacent to DHL regional hub.
    • Excellent access to PA Turnpike, I‑81, and I‑78.
    • Adjacent 54‑acre parcel also available.
    • Site suitable for 100,000+ SF building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lebanon
    County
    Lebanon
    State
    Pennsylvania
    Longitude
    -76.373316
    Latitude
    40.2973667

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    FAQs

    What type of property is this?
    Land - 14.42-acre I-1 zoned lot, prime location.
    Where is this land located?
    The property is located at Ritter Way Lebanon, PA.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: Lebanon Valley Business Park location, 240-acre park.; Fully improved mixed-use business park.; Adjacent to DHL regional hub.
    Request Owner's contact information
    Ritter Way 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
    Ritter Way Lebanon, PA 17042
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