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924 Russell Drive, Lebanon, PA 17042

$850,000

  • For Sale
  • Active
  • Commercial
924 Russell Drive, Lebanon, PA 17042View this property at 924 Russell Drive, Lebanon, PA 17042
924 Russell DriveLebanonPA17042

Property Description

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. three years remaining on current renewal option. Rent increases 5.12% at start of 4th year. Annual tax escalator, and operating cost adjustments. Current net is a 6.18% Cap Rate.

Full Property Details for 924 Russell Drive

General

  • Price: $850,000
  • Taxes: $17,343
  • Status: Active
  • Type: Commercial
  • MLS ID: 1002664507
  • Updated: 2/16/2018
  • Added: 318 day(s) ago

Property History

  • 924 Russell Drive, Lebanon, PA
  • Reduced to $850,000 on 11/11/17
  • Listed at $900,000 on 4/12/17

Interior

  • Flooring: Carpet, Ceramic Tile, Vinyl

Additional Information

  • Other Features: Private Restrooms, Public Restrooms

Parking

  • Parking Features: Lot

Location

  • Area: North Cornwall Twp (13226)
  • County: Lebanon
  • Development Name: Tuck Business Park
  • Subdivision: Tuck Business Park
  • Driving Directions: From Cornwall Rd., take Russell Drive to third property on left.
  • Location Details: Corner Lot/Unit

Community

  • Assoc. Fees Include: Other

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas
  • Water Heater: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Electric Available, Natural Gas Available, Sewer Available, Water Available

Structural Information

  • Construction: Masonry, Brick, Dryvit
  • Foundation: Slab
  • Roof: Pitched, Shingle
  • Stories/Levels: 0
  • Current Bldg. Use: Office
  • Year Built: 1995
  • Year Built Source: Estimated

Lot Features

  • Lot Size (Acres): 1
  • Lot Size Source: Assessor
  • Lot Dimensions: 361 x 249 x 240
  • Frontage Feet: 361
  • Street/Road Desc.: Black Top
  • Topography: Level
  • Lot Features: Road Frontage
  • Zoning: Office
  • Lot Description: Road Frontage

Financial Considerations

  • Price Per Sq. Ft.: $136.7
  • Operating Expenses: $36,387
  • Assessment Year: 2018
  • Tax w/Assessment: $907,000
  • Tax Amount: $17,343
  • Heat Included: Yes

Disclosures and Reports

  • Ownership: Fee Simple

Listed by Suburban Realty, David Simpson

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Schools

Schools serving 924 Russell Drive

School District:
Cornwall-Lebanon School District
School Name
Grades
Distance
South Lebanon Elementary School
1825 South Fifth Avenue, Lebanon, PA 17042
K-5
2.8 mi
Cedar Crest Middle School
115 E Evergreen Rd, Lebanon, PA 17042
6-8
1 mi
Cedar Crest High School
115 E Evergreen Rd, Lebanon, PA 17042
9-12
1.2 mi
Disclaimer: School data provided by Pitney Bowes. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.

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Community Info

Community Infofor 924 Russell Drive

924 Russell Drive, Lebanon, PA 17042 (MLS# 1002664507) is a Commercial property. 924 Russell Drive is currently listed for $850,000 and was received on April 12, 2017. Want to learn more about 924 Russell Drive? Do you have questions about finding other Commercial real estate for sale in Lebanon? You can browse all Lebanon real estate or contact a Coldwell Banker agent to request more information.

Listed by Suburban Realty, David Simpson