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
1/22
null | Request Cap Rate

1507 Willow St
Lebanon, PA 17046
Downtown Lebanon


HIGHLIGHTS

  • Industrial site ready for your business expansion
  • Close to major highways
  • Railroad adjacent
  • Excellent opportunity for both owner occupants and investors

OVERVIEW

Warehouse complex for sale on 5.97 acres, ideal to cashflow or use as a company headquarters. Located in a "general industrial commercial" GIC zoning 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 20 ft+ ceiling heights. The main building square footage is divided as follows: 38,112 sq. ft base structure, 2,832 1st floor office area, 7,200 sq. ft second level mezzanine, 7,160 sq. ft second floor office area. The new owner will likely demo the exiting offices and mezzanine to open up the clear span, or renovate the offices. Main building utilities feature 440 v-3 phase electric, a red coded sprinkler system, a yellow coded gas system, and exhaust fans throughout the plant. 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 main level 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 $3,710 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 MBC 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

$35 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Bldg1

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution, Food Processing, Manufacturing

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

UTILITIES

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

CLEAR CEILING HT

20 Ft

DOCKS

3

DRIVE INS

2

PARKING SPACES

60

LAND DETAILS

LAND ACRES

5.97

LAND SF

260,053

ZONING

GIC

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 Notice.