1250 Bittner BlvdLebanon, PA 17046

  • Other commercial real estate
  • 5,376 SF
For Sale
$749,000 View listing

Property Details for 1250 Bittner Blvd

Year built
1980
Lot size
0.93 AC
Property size (Sq ft)
5,376 SF
Property type
Other commercial real estate
Property subtype
Showrooms
APN
03-2335662-369237-0000
APU
323356623692370000

Description

This fee-simple industrial property, located at 1250 Bittner Blvd in Lebanon, PA 17046, offers 4,550 square feet of versatile space in a single-story, Class B building constructed in 1980 and renovated in 2005. Situated on a 1.8-acre lot, this property boasts a prime location just off US-422, providing easy access to major highways including I-83, I-76 (PA Turnpike), I-81, and I-78. The building features one loading dock, three roll-up drive-in doors (two 12' and one 14'), and ceiling heights ranging from 15' to 18'. The property includes a finished retail and office area, along with secure gated parking and outdoor storage. Zoned for Light Industrial Commercial use, this property is ideal for a variety of businesses, including wholesale, equipment sales and service, storage, packaging, retail, office, and medical uses. The property consists of two parcels, offering potential for expansion or additional parking/storage. This is a turn-key opportunity in an established logistics and industrial hub with access to a strong workforce.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,219,785
    6.5%
    $1,125,955
    7%
    $1,045,530
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,038,818
    Geo Method
    $852,274
  • Alternative Use

    Use
    Valuation
    Residential
    $949,785
    Hospitality
    $869,998
    Educational
    $723,828
    Medical
    $748,722
    Retail
    $1,125,955
1250 Bittner Blvd, Lebanon, Pennsylvania

Location Insight

City
Lebanon
County
Lebanon
State
Pennsylvania
Latitude
40.3394
Longitude
-76.4327
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
$7,360
$69,900
$169,900
$239,800
-
$71,765
$174,435
$246,200

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