x
Address
924 Russell Drive Lebanon, PA
Price
$ 795,000
Property Attributes
  • MLS#1002664507
  • TypeCommercial
  • CountyLEBANON
  • CityLebanon
  • AreaNorth Cornwall Twp
  • NeighborhoodTUCK BUSINESS PARK
  • Zip17042
  • StyleOffice
  • Year Built1995
  • Taxes18008
  • Price$ 795,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5400
  • Lot Size1 Acres
Listing Provided Courtesy Of:
Suburban Realty
Property Description

Excellent opportunity to own a Modern Office building with long term, Federal Govt. Agency Tenant. Built specifically for local Social Security Office occupancy. Single tenant, Monthly Rent automatically deposited. Two years remaining on current renewal option. Current net operating Incomeof $55,892 is a 7.03% cap Rate. Annual tax escalator, and operating cost adjustments. Seller has retired, relocated to Virginia and plans to exchange into a residential rental there. Operating Expenses listed are an average of 2013 thru 2017 actual expenses.

Price History
4/12/2017 Listed $900,000
11/27/2017 6% - $850,000
5/24/2018 7% - $795,000

General Features

Acceptable Financing Cash, Conventional
Accessibility Other
Cool Fuel Electric
County LEBANON
Current Use Office
Location Type Corner Lot/Unit
MLS Area North Cornwall Twp (13226)
New Construction No
Open Parking Spaces 33
Ownership Fee Simple
Possession Settlement, Subject to Existing Lease
Price Per Sq Ft 127.85
Property SubType Office
Property Type Commercial Sale
Tax Year 2018
Vacation Rental Y/N No
Zoning OFFICE-INSTITUTIONAL
Zoning Description Office

Interior Features

Air Conditioning Y/N Yes
Building Features Private Restrooms, Public Restrooms
Central Air Y/N Yes
Clear Span Ceiling Height 8' to 10'
Cooling Central A/C
Electric 110 Volts, 200+ Amp Service
Flooring Carpet, Ceramic Tile, Vinyl
Heating Forced Air
Heating Fuel Natural Gas
Heating Y/N Yes
Hot Water Natural Gas

Exterior Features

Building Area Total 6218.00
Construction Materials Masonry, Brick, Dryvit
Foundation Details Slab
Lot Dimensions 361x249x240
Lot Features Road Frontage
Lot Size Acres 1.00
Lot Size Source Assessor
Lot Size Square Feet 43560.00
Lotsizedescription 1 Ac to LT 2 Ac
Navigable Water Y/N No
Parking Spaces Private 11+ Spaces
Road Frontage Length 361
Road Surface Type Black Top
Roadresponsibility Boro/Township
Roof Pitched, Shingle
Sewer Public Sewer
Total Garage and Parking Spaces 33
Total Parking 33.00
Type of Parking Parking Lot
Water Access Y/N No
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 17042

Price
AVG $330K
$800K
Taxes
AVG $5,746
$18,008
Visits
AVG 5
20
Year Built
AVG 1954
1995
Walkscore
AVG 55
39
Data Provided by Walkscore ® not using MLS data

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