For Sale
$2,095,000

701 Cumberland StLebanon, PA 17042

High-Cap Rate Executive Office Space

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional freestanding commercial/office building, located at 701 Cumberland Street in Lebanon, Pennsylvania, presents a compelling investment opportunity. Boasting 19,547 square feet on a 0.49-acre lot (APN: 04-2338530-369393-0000), this single-story structure is zoned CBD - Central Business District. The asking price is $2,095,000, representing a compelling $107.18 per square foot and an attractive 8.45% capitalization rate with a Net Operating Income (NOI) of $177,000. The ground floor currently houses three leased retail spaces occupied by Majik Rent-to-Own, Jackson Hewitt Tax Services, and Awaken the Harvest Ministries. The second floor features eleven individual offices, easily combinable to suit various needs, along with a shared conference room and kitchenette. Ample off-street parking is provided. This property offers a blend of established retail tenants and flexible office space, making it an ideal investment for discerning buyers seeking strong returns in a thriving central business district location. The property's location in Lebanon, PA (zip code 17042) provides easy access to major transportation routes and amenities. This is a rare opportunity to acquire a well-maintained, income-producing property with significant upside potential.

Highlights

  • Freestanding commercial/office building in Lebanon City's central business district.
  • First floor features three leased spaces: Majik Rent-to-Own, Jackson Hewitt Tax Services, and Awaken the Harvest Ministries.
  • Second floor offers eleven individual, combinable offices, a shared conference room, and kitchenette; off-street parking included.

Property Details for 701 Cumberland St

Property type
Retail properties, Office properties
Square Feet
19,547 SF
Stories
1
Lot Size (sq. ft)
21,344 SF

Location Insight

City
Lebanon
County
Lebanon
State
Pennsylvania
Latitude
40.3397529
Longitude
-76.4225582
701 Cumberland St, Lebanon, Pennsylvania

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701 Cumberland St
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