1510 Cornwall RdLebanon, PA 17042

Property Details for 1510 Cornwall Rd

Year built

1990

Lot size

1.15 AC

Property size (Sq ft)

8,220 SF

Property type

Medical offices

Property subtype

Medical centers

APN

26-2339991-361975-0000

APU

2623399913619750000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,268,757

  6.5%

  $1,171,160

  7%

  $1,087,506

• Comparable approach

  Method

  Valuation

  Relative Method

  $630,306

  Geo Method

  $517,120

• Alternative Use

  Use

  Valuation

  Residential

  $1,452,239

  Hospitality

  $1,330,243

  Educational

  $1,106,746

  Medical

  $1,144,809

  Retail

  $1,721,606

Location Insight

City

Lebanon

County

Lebanon

State

Pennsylvania

Latitude

40.3193

Longitude

-76.4176

CBSA code

30140

CBSA name

LEBANON, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].