Commercial Land in Lebanon, PA

1 Acres in Lebanon County

/property/1_Acres_in_Lebanon_County-7944609/ 924 RUSSELL DRIVE Lebanon PA 17042  |  Lebanon County, PA
  • $749,000
  • 1 acre

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Listing Status: Active
Listing Type: Sale
Property Type(s):
MLS ID: TRENDPA
Irrigated: No
Residence: No
Property ID: 7944609

Property Description

Excellent opportunity to own a Modern Office building with Social Security as Tenant. Built specifically for local Social Security Office occupancy. Single tenant, Monthly Rent automatically deposited. Less than 17 Months remaining on current renewal option. Current net operating Income of $54,032 is a 7.21% 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 2014 thru 2018 actual expenses.

Copyright 2020 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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David Simpson

Suburban Realty

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David Simpson

Suburban Realty

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