For Sale
$1,200,000

1510 Cornwall Rd Lebanon, PA 17042

8,100 SF Office Building, Multi-Tenant Potential

Overview

Added:
Dec 11, 2024
Days on market:
136
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.

Highlights

  • 8,100 SF two-story office building on a 1.15-acre lot in Lebanon, PA.
  • Zoned Office/Institutional, offering versatile layout for various professional uses.
  • Upper level (4,200 SF) previously occupied by a single-tenant medical office.
  • Lower level features three separately occupied professional/medical suites, providing strong rental income.
  • Asking price: $1,200,000 ($148.15/SF).
  • Adjacent vacant lot available for purchase.

Property Details for 1510 Cornwall Rd

Property type
Office properties, Medical offices
Square Feet
8,100 SF
Stories
2
Lot Size (sq. ft)
50,094 SF

Location Insight

City
Lebanon
County
Lebanon
State
Pennsylvania
Latitude
40.319336
Longitude
-76.41769

FAQs

What type of property is this?
Office property - 8,100 SF Office Building, Multi-Tenant Potential
Where is the office property located?
The property is located at 1510 Cornwall Rd Lebanon, PA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 8,100 SF two-story office building on a 1.15-acre lot in Lebanon, PA.; Zoned Office/Institutional, offering versatile layout for various professional uses.; Upper level (4,200 SF) previously occupied by a single-tenant medical office.
How can I contact the broker?
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1510 Cornwall Rd
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