Mixed Use Investment Property
1123 Reinoehl St. Lebanon, PA 17046
Total Building Size: 5,800 SF
Sale Price: $839,000
Zoning: Commercial Neighborhood
Parking: Paved, On-Site, 20-25 Spaces
Land/Lot Size: 1.57 Acres
Mixed use investment opportunity with operating laundromat business on the North side of Lebanon City.
Calling all investors! Mixed use investment opportunity for sale on the North side of Lebanon city. Property consists of an operating laundromat (business included in sale - financials available upon request), a warehouse/shop space currently used for automotive service with a sales lot for fifteen (15) vehicles, a two-bedroom apartment, an owner’s residence/apartment (three-bedroom, two bath), a mobile home, and residual land.
The current owner’s live in the owner’s residence and operate the laundromat and automotive business. Investment analysis is available showcasing proforma income assuming all third-party tenants. Residual land is 0.65 acres. Owners have made substantial investments in the past few years, including construction of the shop/warehouse/automotive space (2018), new boiler (2016), new Rheem condenser (2020), new water heater, and new 15-car parking lot (2020). New roofs were installed in 2018 and 2020.
Ben Chiaro, CCIM