1000 Cumberland StLebanon, PA 17042

Property Details for 1000 Cumberland St

Year built

1900

Lot size

0.13 AC

Property size (Sq ft)

9,976 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

02-2336948-369045-0000

APU

223369483690450000

Description

A unique opportunity awaits at 1000 Cumberland St. in Lebanon, PA's Central Business District. This expansive 4,900+ square foot restaurant and pub space is available for immediate lease and boasts a highly visible corner location at Cumberland and S. 10th Streets. The property offers a rich history and old-world charm, creating an ideal setting for a variety of restaurant concepts. The layout includes a spacious main dining room, a separate pub dining area perfect for a more casual atmosphere, and a private dining area suitable for special events or private parties. A full-service bar is conveniently accessible from both the main dining room and features a separate entrance, offering flexibility for operations. The property also includes a partially equipped kitchen, providing a solid foundation for a new culinary venture. The zoning designation is Central Business District, reflecting its prime location within the heart of Lebanon's commercial activity. This exceptional space is ready for an experienced or new restaurant operator to establish a thriving business. The property's size and layout offer ample room for creativity and customization, allowing for a unique and memorable dining experience. Don't miss this chance to secure a prominent location in a vibrant downtown setting.

• CAP approach

  CAP return

  Valuation

  6%

  $1,539,796

  6.5%

  $1,421,350

  7%

  $1,319,825

• Comparable approach

  Method

  Valuation

  Relative Method

  $764,955

  Geo Method

  $627,590

• Alternative Use

  Use

  Valuation

  Residential

  $1,762,474

  Hospitality

  $1,614,416

  Educational

  $1,343,176

  Medical

  $1,389,369

  Retail

  $2,089,384

Location Insight

City

Lebanon

County

Lebanon

State

Pennsylvania

Latitude

40.3388

Longitude

-76.4282

CBSA code

30140

CBSA name

LEBANON, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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