1510 Cornwall Rd Lebanon, PA 17042-7403
Property profile & analytics
1510 Cornwall Rd Lebanon, PA 17042-7403
- Medical Office Space
- 8,220 SF
- 1.15 lot acres
Property ID
US73-3513681
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by 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
Property Details for 1510 Cornwall Rd
- Year built
- 1990
- Lot size
- 1.15 lot acres
- Property size
- 8,220 SF
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 26-2339991-361975-0000
- APU
- 2623399913619750000
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $840,000
- AI Estimate
- $653,000
Market price range: $377k - $1.33MMarket price range: $377k - $1.17M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $955,000 Current use
- RESTAURANT
- $1,255,000 Change: +31% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $1,130,000 Change: +19% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lebanon
- County
- Lebanon
- State
- Pennsylvania
- Longitude
- -76.4176
- Latitude
- 40.3193
- CBSA code
- 30140
- CBSA name
- LEBANON, PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$19,757
$285,000
$593,000
$878,000
-
$292,607
$608,829
$901,436
