Property profile

225 16th St Lebanon, PA 17042

OFF-MARKET
Showrooms
Property ID
US73-3402801
122,078 SF 5.07 ac lot Built 1980
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional industrial property in Lebanon, PA, offers 121,567 square feet of versatile space, ideal for distribution, warehousing, or manufacturing. The building features multiple tenancy options, with a minimum divisible space of 68,000 square feet. Key features include a 25-foot ceiling height, four loading docks with levelers, and one drive-in door. The property boasts 3-phase power, public water/sewer, and gas HVAC. Approximately 2,000 square feet of climate-controlled office space is also included. Situated on 5.07 acres of land, this strategically located facility is zoned for manufacturing and enjoys easy access to major transportation arteries, including US-422, I-76 PA Turnpike, and I-81/I-78. Lebanon's established logistics and industrial hub provides access to a robust workforce and proximity to prominent companies such as The Hershey Company, Novartis, and Cargill Animal Nutrition. This property presents a unique opportunity to establish a significant presence in a thriving industrial market. The cross street is Willow St, and the zip code is 17042. Rent incentives are available.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1980
Total area 122,078 SF
Lot 5.07 ac (220,849 SF)
APN 35-2333118-369906-0000
UPID US73-3402801

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Warehouse & Storage

Location

225 16th St Lebanon, PA 17042-4510
Lebanon metro Census 3600 LEBANON, PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.26M
Blend (final) Blend
$3.08M

Owner & transaction history

since 2021
2 recorded transactions
2021
Price N/A
2017
$2.5M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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