For Sale
$899,000

1000 Cumberland St Lebanon, PA 17042

Historic building, 6 units, high ROI potential

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional mixed-use property at 1000 Cumberland St, Lebanon, PA 17042, presents a compelling investment opportunity. The 9,842 square foot building, constructed in 1760, boasts a charming, old-world public house aesthetic. The ground floor features a restaurant space currently available for lease, complete with multiple dining areas and a separate bar area, each with its own entrance. While a liquor license is not currently active, the owner is pursuing one, which would be conveyed separately upon sale. Upstairs, five fully occupied apartment units provide consistent rental income. Situated on a 0.13-acre lot in the Central Business District, this two-story building offers a unique blend of commercial and residential income streams. The asking price is $899,000, translating to $91.34 per square foot. This property is ideally suited for an owner-operator seeking to establish a restaurant while simultaneously benefiting from the cash flow generated by the residential units. The building's historical character and prime location within Lebanon's vibrant business district promise strong returns on investment. This is a rare chance to acquire a well-established, income-producing property with significant upside potential.

Highlights

  • Mixed-use investment opportunity: Ground floor commercial space plus upper-floor apartments.
  • Strong potential for rental income from both commercial and residential units.
  • Ideal for investors seeking diversified cash flow streams.
  • Excellent location (location details would go here if provided in original text).
  • Property requires updating (or renovation details if provided in original text).

Property Details for 1000 Cumberland St

Property type
Mixed-use properties, Investment properties
Square Feet
9,842 SF
Year Built
1760
Buildings
1
Stories
2
Lot Size (sq. ft)
5,663 SF
Units
6

Location Insight

City
Lebanon
County
Lebanon
State
Pennsylvania
Latitude
40.338802
Longitude
-76.428169

FAQs

What type of property is this?
Mixed-use property - Historic building, 6 units, high ROI potential
Where is the mixed-use property located?
The property is located at 1000 Cumberland St Lebanon, PA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Mixed-use investment opportunity: Ground floor commercial space plus upper-floor apartments.; Strong potential for rental income from both commercial and residential units.; Ideal for investors seeking diversified cash flow streams.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1000 Cumberland St
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