MLS® ID: 263474

924 RUSSELL DRIVE

LEBANON, Pennsylvania, 17042

$795,000 Active
  • - SQFT
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.
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Listing courtesy of Suburban Realty

Amenities

  • Full baths
    0
  • Half baths
    0
  • Zip
    17042
  • Office name
    Suburban Realty
  • Subdivision
    TUCK BUSINESS PARK
  • SQFT
    0
  • Bedrooms
    0
  • Property type
    Commercial Sale
  • Zoning type
    OFFICE-INSTITUTIONAL
  • School district
    CORNWALL-LEBANON
  • Year built
    1995
  • Lot size
    1
  • Sewer
    Public Sewer
  • Heating
    Forced Air
  • Agent name
    David Simpson
  • Purchase Type
    Active
  • Price Range
    $700k-$800k
  • Square Feet Range
    < 1000 sq ft.
  • Year Built Range
    1990-1999
  • Office ID
    0022
  • Agent ID
    3234252

Location

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