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Property profile & analytics
FOR SALE
Investment properties

701 Cumberland St Lebanon, PA 17042

18,593 SF 0.49 ac lot Built 1993
Individually Owned 3-yr Hold ~ Est. High Equity
Property ID
US73-3100554
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1993
Total area 18,593 SF
Lot 0.49 ac (21,344 SF)
APN 04-2338530-369393-0000
UPID US73-3100554
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
  • 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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.45M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.99M
Blend (final) Blend
$1.44M
Owner & transaction history
Kevin T Albert SR. · 3 yrs held
Kevin T Albert SR.
since 2022
Last sale
$1.4M
7 recorded transactions
2022
Price N/A
2020
$1.4M
2019
Price N/A
2019
Price N/A
2011
$1.4M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $2.2M +78.0%
Retail stores $1.7M +42.3%
Office building $1.5M +25.6%
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More about this property
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