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40 N 7th Street, Lebanon, PA 17046
$450,000
40 N 7th Street, Lebanon, PA 17046View this property at 40 N 7th Street, Lebanon, PA 17046
40 N 7th StreetLebanonPA17046
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Property Description
We are pleased to present this exceptional turnkey commercial property situated in a prime location within downtown Lebanon. Strategically positioned at the intersection of 7th and Willow Streets, convenience is paramount with ample parking available in the public lot just across the street. This bustling area boasts high foot traffic and is conveniently proximate to an array of downtown amenities including eateries, essential public services, cultural hubs, scenic walking paths, and various recreational facilities. The ground floor features a spacious restaurant-style layout complete with a generously sized u-shaped bar. Adjacent to this area lies a fully equipped kitchen featuring an Ancil system, walk-in cooler, office space, and storage facilities, ensuring operational efficiency and convenience. Ascending to the second level, an inviting ambiance awaits with additional seating arrangements, a cozy lounge area, a dedicated game room, bar area, and restroom. All restaurant and lounge furniture included with sale. Positioned within the Central Business District (CBD), this versatile property offers an array of potential uses, catering to diverse business ventures and endeavors. We invite you to seize this opportunity and schedule your showing today to explore the possibilities that this property has to offer.
Full Property Details
Full Property Details for 40 N 7th St
General
- Price: $450,000
- Taxes: $5,038 (2023)
- Status: Active
- Type: Retail
- MLS ID: PALN2013420
- Updated: 2/18/2024
- Added to Site: 73 day(s) ago
Business
- Business Type: Banquet Facility/Lodge, Other/General Retail, Restau
Parking
- Total Spaces: 2
- Parking Type: On Street, Other
Location
- Area: Lebanon City (13201)
- Municipality: LEBANON CITY
- County: Lebanon
- Driving Directions: From 422 West (Cumberland Street) turn right on 7th Street property on right located on the corner of 7th Street & Willow. On street parking on 7th or park in the City of Lebanon (HACC Building) parking lot across the street in non-reserved spaces.
- Location Details: Business District
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Radiator
- Heating Fuel: Oil
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Foundation: Block
- Roof: Metal
- Stories/Levels: 0
- Year Built: 1950
- Year Built Source: Assessor
- Property Condition: Good
Unit Information
- # Tenants: Single
Lot Features
- Property View: City
- Lot Size (Acres): 0.11
- Lot Size (Sq. Ft.): 4,792
- Lot Size Source: Assessor
- Street/Road Desc.: Black Top
- Zoning: SOCIAL FRATERNAL HALL
Financial Considerations
- Price Per Sq. Ft.: $70.01
- Assessment Year: 2023
- School Tax: $3,672
- City/TownTax: $738
- City/TownTax Freq: Annually
- County Tax: $627
- County Tax Freq: Annually
- Tax w/Assessment: $161,200
- Tax Amount: $5,038
- Tax Year: 2023
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Ownership: Fee Simple
- Exclusions: Pool tables (3)
- Inclusions: All kitchen equipment, restaurant furniture, trade fixtures, nightclub furniture, and electronics.
Listed by Iron Valley Real Estate, Adam Gamble and Iron Valley Real Estate, Brad L Longenecker
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Schools
Schools serving 40 N 7th St
School District:Lebanon School District
Rating | Name | Grades | Distance |
---|---|---|---|
622 Chestnut St, Lebanon, PA 17042 | PK-5 | 0.2 mi | |
350 N 8th St, Lebanon, PA 17046 | 6-8 | 0.3 mi | |
1000 S 8th St, Lebanon, PA 17042 | 9-12 | 1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 40 N 7th St
Date
Details
Price
Change
Source
2/16/2024
Listed
$450,000
157.14%
MLS
6/02/2022
Sold
$175,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 40 N 7th St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,948
38%
$161,200
—
2022
$3,582
2%
$161,200
—
2021
$3,501
-26%
$161,200
—
2020
$4,701
1%
$161,200
—
2019
$4,633
3%
$161,200
—
2018
$4,500
3%
$161,200
—
2016
$4,380
6%
$161,200
—
2015
$4,150
7%
$161,200
—
2014
$3,889
—
$161,200
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 40 N 7th St
40 N 7th Street, Lebanon, PA 17046 (MLS# PALN2013420) is a Retail property. 40 N 7th Street is currently listed for $450,000 and was received on February 16, 2024. Want to learn more about 40 N 7th Street? Do you have questions about finding other Retail real estate for sale in Lebanon? You can browse all Lebanon real estate or contact a Coldwell Banker agent to request more information.