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    OFF-MARKET Estimated value $845,000
    Medical Office Space

    1510 Cornwall Rd, Lebanon, PA 17042-7403

    8,220 SF 1.15 ac lot Built 1990
    Individually Owned 12-yr Hold Free & Clear
    Property ID
    US73-3513681
    Property summary
    AI-generated overview

    This exceptional two-story office building, located at 1510 Cornwall Road in Lebanon, Pennsylvania, presents a compelling investment opportunity. Spanning 8,100 square feet on a 1.15-acre lot, the property is zoned for Office/Institutional use and offers a versatile layout suitable for various professional needs. The upper level, encompassing 4,200 square feet, was previously utilized as a single-tenant medical office, showcasing its adaptability for specialized practices. The lower level is currently divided into three separate suites, each independently occupied by professional and medical tenants, demonstrating strong existing occupancy and rental income potential. The building's asking price is $1,200,000, translating to a price per square foot of $148.15. This represents a significant opportunity for investors seeking a multi-tenant property with established tenants and diverse usage possibilities. An adjacent vacant lot is also available for purchase, offering potential for expansion or additional development, further enhancing the property's value and long-term prospects. The property's location in Lebanon, Pennsylvania (zip code 17042), provides convenient access to local amenities and transportation networks. This is a rare opportunity to acquire a well-maintained, multi-tenant office building in a desirable location with significant upside potential. The property's diverse tenant base and flexible floor plan make it an ideal investment for both seasoned and emerging investors in the commercial real estate market.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1990
    Total area 8,220 SF
    Lot 1.15 ac (50,094 SF)
    APN 26-2339991-361975-0000
    UPID US73-3513681
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Keystone Urology Specialists Physician Medical Clinic
    • Dr. Albert A. Alley, MD Ophthalmologist
    • Dr. Mark V. Jarowenko, MD Physician Medical Clinic
    • Dr. Thomas W Clark Physician
    • Umlauf Perry C OD Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $840k
    Blend (final) Blend
    $845k
    Owner & transaction history
    Albert A Alley · 12 yrs held
    Albert A Alley
    since 2013
    1 recorded transaction
    2013
    $250,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $1.3M +31.4%
    Auto repair, garage $1.1M +18.5%
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