701 Cumberland St Lebanon, PA 17042
Property profile & analytics
701 Cumberland St Lebanon, PA 17042
- Investment properties
- 18,593 SF
- 0.49 lot acres
Property ID
US73-3100554
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
- Prince Law Offices / Law Firm
- Pastor Sean Condran Office / Crisis Center / Medical Clinic
- Avis Car Rental / Car Rental Facility
- Albert's Body Shop / Auto Repair Shop
- ATM (Pennsylvania Payment Partners) / Atm
Property Details for 701 Cumberland St
- Year built
- 1993
- Lot size
- 0.49 lot acres
- Property size
- 18,593 SF
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 04-2338530-369393-0000
- APU
- 423385303693930000
Description
This exceptional freestanding commercial/office building, located at 701 Cumberland Street in the heart of Lebanon, Pennsylvania, presents a unique investment opportunity. The property boasts a substantial 17,547 square feet situated on a 0.49-acre lot, offering ample space and potential for growth. The ground floor currently houses three thriving businesses: Majik Rent-to-Own, Jackson Hewitt Tax Services, and Awaken the Harvest Ministries, all under lease agreements, generating consistent rental income. The second floor comprises eleven individual offices, easily configurable to suit various needs. These offices share a convenient conference room and kitchenette, enhancing collaboration and productivity. The building also includes a valuable off-street parking lot, providing ample parking for tenants and visitors. This property is ideally positioned for investors seeking a strong return on investment in a bustling city center location. The combination of established retail tenants on the ground floor and flexible office space on the second floor makes this a versatile and attractive asset. The property's size, location, and existing tenancy make it an exceptional opportunity for long-term growth and profitability. The 0.49-acre lot provides potential for future expansion or development. This is a rare opportunity to acquire a well-maintained, income-producing commercial property in a desirable location. The asking price is $2,095,000.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,510,000
- ML approach
- $1,445,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,993,000
- AI Estimate
- $1,891,000
Market price range: $549k - $1.99MMarket price range: $583k - $1.89M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,210,000 Current use
- MEDICAL BUILDING
- $2,155,000 Change: +78% Conversion: Easy
- RETAIL STORES
- $1,725,000 Change: +42% Conversion: Easy
- OFFICE BUILDING
- $1,520,000 Change: +26% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $1,400,000 Change: +15% Conversion: Moderate
- WAREHOUSE, STORAGE
- $1,345,000 Change: +11% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lebanon
- County
- Lebanon
- State
- Pennsylvania
- Longitude
- -76.4226
- Latitude
- 40.3398
- 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
$41,918
$98,800
$1,266,900
$1,365,700
-
$101,437
$1,300,718
$1,402,155
