1510 Cornwall Rd, Lebanon, PA 17042-7403
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.
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Keystone Urology Specialists Physician Medical Clinic
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Dr. Albert A. Alley, MD Ophthalmologist
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Dr. Mark V. Jarowenko, MD Physician Medical Clinic
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Dr. Thomas W Clark Physician
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Umlauf Perry C OD Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.