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    701 Cumberland St Lebanon, PA 17042

    Sponsored
    For Sale
    $2,095,000

    High-Cap Rate Executive Office Space

    Property size:
    19,547 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional freestanding commercial/office building, located at 701 Cumberland Street in Lebanon, Pennsylvania, presents a compelling investment opportunity. Boasting 19,547 square feet on a 0.49-acre lot (APN: 04-2338530-369393-0000), this single-story structure is zoned CBD - Central Business District. The asking price is $2,095,000, representing a compelling $107.18 per square foot and an attractive 8.45% capitalization rate with a Net Operating Income (NOI) of $177,000. The ground floor currently houses three leased retail spaces occupied by Majik Rent-to-Own, Jackson Hewitt Tax Services, and Awaken the Harvest Ministries. The second floor features eleven individual offices, easily combinable to suit various needs, along with a shared conference room and kitchenette. Ample off-street parking is provided. This property offers a blend of established retail tenants and flexible office space, making it an ideal investment for discerning buyers seeking strong returns in a thriving central business district location. The property's location in Lebanon, PA (zip code 17042) provides easy access to major transportation routes and amenities. This is a rare opportunity to acquire a well-maintained, income-producing property with significant upside potential.

    Property Features for 701 Cumberland St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    19,547 SF
    Lot Size
    21,344 SF

    Building Details

    Stories
    1

    HighLights

    • Freestanding commercial/office building in Lebanon City's central business district.
    • First floor features three leased spaces: Majik Rent‑to‑Own, Jackson Hewitt Tax Services, and Awaken the Harvest Ministries.
    • Second floor offers eleven individual, combinable offices, a shared conference room, and kitchenette; off‑street parking included.
    Property Profile Location Intelligence

    Current Use by Public Records

    Prince Law Offices Attorney Pastor Sean Condran ... Mental Health Service Avis Car Rental Car Rental Agency Albert's Body Shop Auto Body Shop ATM (Pennsylvania Payment ... Atm

    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
    -76.4225582
    Latitude
    40.3397529

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    FAQs

    What type of property is this?
    Office Property / Space - High-Cap Rate Executive Office Space
    Where is this office property / space located?
    The property is located at 701 Cumberland St Lebanon, PA.
    What is the asking price?
    The asking price for this property is $2,095,000.
    What are key features of this property?
    This property features: Freestanding commercial/office building in Lebanon City's central business district.; First floor features three leased spaces: Majik Rent-to-Own, Jackson Hewitt Tax Services, and Awaken the Harvest Ministries.; Second floor offers eleven individual, combinable offices, a shared conference room, and kitchenette; off-street parking included.
    Request Owner's contact information
    701 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
    701 Cumberland St Lebanon, PA 17042
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