Homes for sale - 1507 WILLOW ST, Lebanon, PA 17046

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Jenny Canales

jenny@delariateam.com +1(703) 499-0111

Listed by Rachel L Rabinowitz • Guerilla Realty LLC

$ 2,200,000

Est. payment | -/mo

5.97 Acres Lot

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$ 2,200,000

Est. payment | -/mo

Save Virtual Tour

5.97 Acres Lot

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Under Contract

Purchase Type For Sale

MLS Listing ID PALN2022598

Year Built 1950

Annual Tax Amount $11,949

Tax Year 2025

Lot Size 5.970 Acres

Acres 5.97

Property Sub-Type Industrial

Source BRIGHT

Property Description

Warehouse complex for sale on 5.97 acres, ideal to cashflow or use as a company headquarters. Located in a "general industrial commercial" GIC zoned 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 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. The main building features multiple loading docks with open span areas and 20 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 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 $3,710 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 Murray's foods. Close to major transportation routes including Route 422, I-81, 1-78, and the Pennsylvania Turnpike.

Location

State PA

County Lebanon

Area Lebanon City (13201)

Zoning GIC

Interior

Hot Water Natural Gas

Heating Zoned, Forced Air

Cooling Central A/C

Flooring Concrete

Heat Source Natural Gas

Exterior

Garage Spaces 50.0

Water Access N

Roof Type Flat

Accessibility >84\" Garage Door

Total Parking Spaces 50

Garage N

Building

Lot Description SideYard(s), Cleared

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Lebanon

Others

Tax ID 03-2334458-369866-0000

Ownership Fee Simple

Acceptable Financing Exchange, Conventional, Cash, Private

Listing Terms Exchange, Conventional, Cash, Private

Financing Exchange,Conventional,Cash,Private

Special Listing Condition Standard

Virtual Tour https://youtube.com/shorts/OTGre2s4RGI?si=QWVyBTEE85aWfuvw

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(703) 499-0111

jenny@delariateam.com

1507 WILLOW ST Lebanon, PA 17046