Multi-Tenant Building Investment Sale
34 N. 16th St. Lebanon, PA 17042
Sale Price: $769,000
Zoning: Light Manufacturing
Lot Size: 3.6 Acres
GLA: 32,731 SF
This property at 34 N. 16th St. offers a combination of retail and warehouse tenants. The site is licensed for two auto repair shops, Torres Repairs and Revolutions Autos, and three auto lots which are all currently leased. Other retail tenants include Presidential Detail. The site also offers light warehousing in the form of over sized garage storage, most of which are also leased.
The current owner also has a conditional zoning approval for almost 100 additional exterior mini-storage units.
This property produces over $64,000 in net operating income resulting in over an 8% cap rate.
Property is located right on the edge of Lebanon City. One of the adjacent properties is in the process of being developed by Rutters for a new convenience store.
Investment Grade Asset near future Rutters Convenience Store
Multiple Tenants - Minimal Vacancy
Located right on the edge of the City of Lebanon