Commercial Real Estate for Sale at 924 Russell Drive in Lebanon, PA for $850,000

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924 RUSSELL DRIVE | LEBANON

$850,000 | 0.0 Sq. Ft.

Excellent opportunity to own, lease or occupy a Modern Office building in a desirable Business Park. Social Security is the current tenant, but is expected to vacate the building within the next 6 to 12 months. The building will then be available for a new tenant or owner/occupant. Current projected net operating income of $75,981 is an 8.94% Cap Rate. When Social Security vacates, leasing at a conservative estimated Market Rent with limited expenses of Real Estate Tax & Insurance projects a Net Operating Income of $86,100 ; a return of 10.13% Cap Rate at the listed price. A Net projected operating statement for post SSA occupancy has been uploaded under documents icon, Owner has relocated out of state and is looking to exchange into an investment in that location. BrightMLS PALN114630

Directions to property: From Cornwall Rd., take Russell Dr. to third property on left.

MLS Listing ID: 
BrightMLS PALN114630
Community Information
School District: 
CORNWALL-LEBANON
Subdivision: 
TUCK BUSINESS PARK
Building Details
Details about the building on a property.
Year Built: 
1995
New Construction: 
0
Living Area: 
0.0
Construction
Construction Materials: 
Brick Veneer, Dryvit, Stone
Foundation Details: 
Slab
Roof: 
Pitched, Shingle
Exterior: 
Brick
Exterior Features: 
Professional
DisabilityFeatures: 
32"+ wide Doors, 48"+ Halls, Level Entry - Main, No Stairs, Accessible Switches/Outlets
Energy Information: 
200+ Amp Service, 3 Phases, Circuit Breakers
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Forced Air
Heating System Fuel: 
Natural Gas
Cooling System: 
Central A/C
Water Heating System: 
Natural Gas
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
1
Lot Size (Area): 
1
Lot Size (Dimensions): 
361x249x240
View: 
Corner
Waterfront: 
0
Lot Features
Parking Type: 
Parking Lot
Total Parking Spaces: 
33
Garage: 
No
Public Record
Annual Tax: 
$19,213.00
Property Zoning: 
O-I
Listing Dates
Dates involved in the transaction.
Listing Entry Date/Time: 
7/14/2020
Contract Details
Details about the listing contract.
Possession: 
Settlement, Subject to Ex
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
Suburban Realty

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