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    1021 Cumberland St Lebanon, PA 17042

    Sponsored
    For Sale
    $350,000

    Versatile 6,686 SF flex space, prime location.

    Property size:
    6,686 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 6,686 square foot freestanding building presents a unique opportunity in Lebanon, Pennsylvania's Central Business District. Located on Cumberland Street, this property boasts excellent visibility and accessibility. The building's flexible design caters to a variety of uses, encompassing retail, office, and industrial needs. The interior features 15-foot ceilings throughout, providing ample vertical space, and includes two 14-foot high dock doors for convenient loading and unloading. The 0.41-acre lot offers ample off-street parking. The Central Business District zoning allows for a wide range of permitted uses, including bakeries, restaurants, microbreweries, distilleries, convenience stores, contractor's offices, retail, office, and medical facilities, among others. The property also includes attached storage units, offering potential for additional income streams. Currently vacant, this building is priced at $350,000, with a price per square foot of $52.35. This is an ideal owner-occupant facility with significant potential for growth and profitability. The property is situated on Route 422, offering easy access to major transportation routes.

    Property Features for 1021 Cumberland St

    General Information

    Property type
    Distribution properties
    Square Feet
    6,686 SF
    Lot Size
    17,860 SF

    HighLights

    • 6,686 SF freestanding building suitable for retail or industrial use.
    • Ample space for office, showroom, and warehouse operations.
    • Excellent Route 422 location, east of Downtown Lebanon.
    • Features two 14' dock high doors and 15' ceiling clearance.
    Property Profile Location Intelligence

    Current Use by Public Records

    Biaggio's Premium Italian ... Sandwich Shop Northside Truck Center ... Truck Topper Supplier

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lebanon
    County
    Lebanon
    State
    Pennsylvania
    Longitude
    -76.4286494
    Latitude
    40.339244

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    FAQs

    What type of property is this?
    Distribution property - Versatile 6,686 SF flex space, prime location.
    Where is this distribution property located?
    The property is located at 1021 Cumberland St Lebanon, PA.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: 6,686 SF freestanding building suitable for retail or industrial use.; Ample space for office, showroom, and warehouse operations.; Excellent Route 422 location, east of Downtown Lebanon.
    Request Owner's contact information
    1021 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
    1021 Cumberland St Lebanon, PA 17042
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