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28371938
28371936

1031-1051 Columbus Avenue, Lemoyne, PA 17043 For Sale

Landmark Commercial Realty
Landmark Commercial Realty
Listed by Landmark Commercial Realty
$4,100,000
237 days on market
Updated 20 days ago

1031-1051 Columbus Avenue

Details
APN 12-22-0824-263, 264 & 264B
Property Type Industrial
Sub Type Flex, Warehouse
Square Footage 42,390
Net Rentable (SqFt) 42,390
Cap Rate 7.00%
NOI $288,929
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $97
Class B
Year Built 1960/1980
Year Renovated 1991
Buildings 2
Stories 1
Acreage 2.490
Zoning Commercial General
Investment Type Stabilized
Ceiling Height 20'- 28'
Loading Docks 9
Dock High Doors 9

Industrial | 7.00% CAP | 42,390 SqFt

Marketing description

A rare opportunity to acquire a well-located, multi-tenanted industrial flex property in the heart of Cumberland County, Pennsylvania. Positioned at a great in-fill location, this property is a block away from Interstate 83 (Lemoyne exit) and benefits from both a central West Shore Harrisburg location while offering excellent regional accessibility. With quick connections to major transportation corridors—including I83, PA Turnpike (I-76), PA Route 581, US Route 15, US Route 11 and I-81—the site is strategically situated to serve the greater Central Pennsylvania market and beyond.


Solid historical cash flow with three tenants of varying NNN lease terms in place. The property provides a secure and reliable income stream from a well-established tenants. The facility offers unparalleled visibility to the ± 44,800 vehicles per day along Route 581, which also includes a “billboard size” sign for the benefit of one of the tenants.


The property itself is a versatile, well-maintained industrial flex facility featuring functional efficient office space for each suite, and a variety of loading positions throughout. Zoned “Commercial General,” the site allows for a wide variety of permitted uses including industrial, commercial and many others offering long-term flexibility and value.

Investment highlights

  • Prime multi-tenant, NNN industrial flex property in Cumberland County

  • Stable tenants with varying terms and strong cash flow

  • Amazing in-fill location situated one block off Interstate 83

  • Well maintained property offering efficient suites with ample loading positions

  • Desirable building signage along with ±44,800 VPD on Route 581

  • Easy accessibility to 83, 76/ ,581, 81 & 11

Listing Contacts

Landmark Commercial Realty
Landmark Commercial Realty
Listed by Landmark Commercial Realty

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$288,929.00
$24,077.42/mo

Valuation Metrics

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DSCR
7.05%
Cap Rate
7.05%
ROI

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