718 Poplar St Lebanon, PA 17042
- Investment properties
- 44,407 SF
- 2.32 lot acres
Current Use by Public Records
- Aerotek / Employment Agency / Recruiter
- PA Careerlink® | Lebanon County / Employment Agency
- EnVision Financial Group / Financial Planner / Finance Broker
- Army Recruiting Office Lebanon, PA / Military Recruiting Office
- Palm Advertiser / Newspaper Publisher
Property Details for 718 Poplar St
- Year built
- 2019
- Lot size
- 2.32 lot acres
- Property size
- 44,407 SF
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 01-2338509-366043-0000
- APU
- 123385093660430000
Description
This exceptional mixed-use property, Poplar Commons, presents a rare opportunity in Lebanon, PA. Located at the corner of South 8th Street & Poplar Street, this single-story, 33,992 square foot building boasts a newly renovated exterior, including a modern facade, updated storefronts, a completely resurfaced parking lot, new exterior lighting, and fresh landscaping. The property also features a new illuminated pylon sign and upgraded HVAC and plumbing systems. A total of 100 parking spaces are available for tenants and their customers. The building, constructed in 1958 and extensively renovated in 2017, is classified as Class B and is zoned OI. The 2.32-acre lot offers ample space and visibility. Currently, the property is multi-tenant, with spaces ranging from 2,600 to 10,000 contiguous square feet available. A total of 12,600 square feet is currently vacant. Its strategic location offers easy access to SR 422 and SR 72, and is within walking distance of the Lebanon County Court House and City Building. The property's proximity to the Rails-To-Trails adds to its appeal. Existing tenants include a diverse mix of businesses, showcasing the property's versatility and strong tenant base. This professionally managed property offers a compelling investment opportunity with significant upside potential. The "vanilla box" fit-out provides flexibility for a variety of businesses. Elevators are available.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $735,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,015,000
- 6.5%
- $1,005,000
- 7%
- $1,060,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $865,000
- Geo Method
- $1,060,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,215,000
- Retail
- $1,010,000
- Mixed-Use
- $1,080,000
- Hospitality
- $1,100,000
- Educational
- $1,005,000
- Residential Income
- $1,170,000
- Energy
- $995,000
- Income-Based Land
- $1,070,000
- Food Service
- $1,035,000
Location Insight
- Map
- Local Demand
- City
- Lebanon
- County
- Lebanon
- State
- Pennsylvania
- Longitude
- -76.4227
- Latitude
- 40.3305
- CBSA code
- 30140
- CBSA name
- LEBANON, PA METROPOLITAN STATISTICAL AREA
