1507 Willow St - Warehouse FOR SALE


Lebanon, PA 17046- Downtown Lebanon
$2,200,000 USD
443-841-5916
1507 Willow St, Lebanon, PA for Sale
$2,200,000 USD
Warehouse - FOR SALE
1/19
null | Request Cap Rate

NEW


1507 Willow St
Lebanon, PA 17046
Downtown Lebanon


OVERVIEW

Warehouse complex for sale on 5.97 acres, ideal to cashflow or use as a company headquarters. Located in an industrial area of the City of Lebanon, 1507 Willow Street presents an excellent opportunity for both owner occupants and investors. The main building is comprised of over 52,000 square feet featuring; multiple loading docks with open span areas and 24 foot ceiling heights, 440 v-3 phase electric, a red coded sprinkler system, a yellow coded gas system, and exhaust fans throughout the plant. The main building also includes offices, conference rooms, and rest rooms, all with air conditioning and heating. The former owner was a manufacturing company in the films and plastics business. The current owner has used the building for storage and trailer parking. A secondary "butler steel building" comprising 10,000 square feet was added in 2007. The total site is 5.97 acres including a 3 acre fenced lot ideal for truck parking or trailer storage and 700 feet of railroad siding currently not in use. A portion of the main building is currently leased through September 2026 at a rate of $3,500 per month to a florist-business for warehouse storage. The owner has interest from local businesses in leasing other portions of the building and parking lots. Property is currently underutilized as sale is prompted by retirement. A Phase I and Phase II environmental site analysis was performed in 2010. Located next door to Murray's foods. Close to major transportation routes including Route 422, I-81, 1-78, and the Pennsylvania Turnpike

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$33 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Bldg1

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

UTILITIES

Lighting, Gas, Water - County, Sewer - County, Heating

CLEAR CEILING HT

24 Ft

DOCKS

3

DRIVE INS

2

PARKING SPACES

60

LAND DETAILS

LAND ACRES

5.97

LAND SF

260,053

ZONING

Heavy Industrial

APN/PARCEL ID

03-2334458-369866-0000

ASK ABOUT THIS PROPERTY

Rachel RabinowitzGuerilla Realty LLCMore Info
443-841-5916

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Rachel RabinowitzGuerilla Realty LLCMore Info
443-841-5916

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.