40 N 7Th Street Lebanon, PA $ 349,000
40 N 7Th Street
$ 349,000
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40 N 7Th Street

Lebanon, PA, 17046
$ 349,000
Baths0.0 Sq 6,428

Monthly Estimate*

$ 2,320

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Studio

Commercial Property for sale in Lebanon, PA

for $349,000. This 6,428 square foot building was built in 1950 on a lot size of 0.11.

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.

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Commercial Active

Price

$ 349,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 5,038

Style

Banquet Facility/Lodge,/General Retail,Restaurant

Lot Size

0.11

Year Built

1950

Town/City

Lebanon

County/Region

Lebanon

MLS | Web ID

PALN2013420

Features
Interior
Heating Fuel Oil
Hot Water Electric
Heating Y/N Y
Street Suffix STREET
Central Air Y/N Y
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General
Sewer Public Sewer
Heating Radiator
Cooling Central A/C
Possession Settlement
Roof Metal
Zoning SOCIAL FRATERNAL HALL
Construction Materials Brick
Exclusions Pool tables (3)
Year Built 1950
View City
Property SubType Special Purpose
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
Municipality LEBANON CITY
Business Type Banquet Facility/Lodge Other/General Retail Restaurant/Bar
Accessibility 2+ Access Exits
County LEBANON
New Construction N
Property Type Commercial Sale
Water Access Y/N N
Status ACTIVE
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) par
City LEBANON
Buyer Agent Compensation 3
NumberOfUnitsTotal 0
MLS Area Lebanon City (13201)
Lot Size Units Square Feet
Lot Size Square Feet 4792.00
Waterfront Y/N N
Street Name 7TH
Tax Annual Amount 5038.0
Property Condition Good
Price Per Sq Ft Total 54.29
Acceptable Financing Cash Conventional
Historic Y/N N
Lease Considered Y/N N
Vacation Rental Y/N N
Days on Market 105
Location Type Business District
Standard Status Active
Year Built Source Assessor
Buyer Agent Compensation Type % Of Gross
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Exterior
Water Source Public
Inclusions All kitchen equipment restaurant furniture trade fixtures nightclub furniture and electronics.
Type of Parking On Street Other
Foundation Details Block
Water View Y/N N
Building Area Total 6428.00
Lot Size Acres 0.11
Road Surface Type Black Top
Lot Size Source Assessor
Road Responsibility City/County
Land Assessed Value 13900.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 40
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* Excluded Features
List By
Iron Valley Real Estate

Broker

adam@adamsgamble.com

Email

Affordability Calculator

$2,739
Per Month
85%
15%
0%
Monthly Principal & Interest
$2,320
Monthly Property Taxes
$420
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/31/2024$349,000 -22.44% Price Down
2/16/2024$450,000 Listed Price

Map


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40 N 7Th Street, Lebanon, PA, 17046 is a Commercial Property for sale at $349,000 with 6,428 sqft and a lot size of 0.11. 40 N 7Th Street is a studio with 0.0 baths and was built in 1950. The property's zip code is 17046 which is in Lebanon, PA