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11651643
11651641

452 E Cumberland St, Lebanon, PA 17042 For Sale

TRUE Commercial Real Estate, LLC
TRUE Commercial Real Estate, LLC
Listed by TRUE Commercial Real Estate, LLC
$899,000
1132 days on market
Updated 46 days ago

Mixed-Use Commercial Building

Details
Property Type Mixed Use
Sub Type Multi-Tenant
Square Footage 5,026
Units 15
Cap Rate 7.98%
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $179
Year Built 1975
Buildings 1
Stories 2
Acreage 0.350
Zoning General Commercial
Parking Spaces 15 spaces
Parking per 1,000 SqFt 2.98
Ground Lease No

Investment Sale | Mixed-Use Commercial Building | Lebanon, PA

Marketing description

TRUE Commercial Real Estate is pleased to market this two-story mixed use investment

property. The first floor is currently equipped as restaurant use for up to 40-50 patrons,

however the space can be demised into two separate spaces to accommodate a combination

of uses. The restaurant space is fully equipped and is ideal for an array of restaurant concepts,

from full-service to bistro and also supports a robust carryout concept. A day-care center

rounds out the tenancy on the first floor. The second floor contains two (2) residential

apartments (1 BR/1 BA; 2 BR/1BA) which are currently occupied.

The property boasts excellent street visibility and experiences high traffic counts, ensuring

prominent exposure. Ample off-street parking features more than 15 on-site parking spaces

located at the rear of the building.

Investment highlights

▪ Total GLA: 5,026 SF

▪ Lease Availability: 780-2,100 SF

▪ Sale Price: $899,000

▪ Zoning: General Commercial

▪ Land/Lot Size: 0.35 Acres

▪ Total Commercial “C” Units: 2-3

▪ Total Residential “R” Units: 2

▪ Parking: On-site, Paved Lot, 15 spaces

▪ Lease Rate: Negotiable

▪ Lease Terms: Negotiable

Listing Contacts

TRUE Commercial Real Estate, LLC
TRUE Commercial Real Estate, LLC
Listed by TRUE Commercial Real Estate, LLC

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