31 8TH new to site Save Request In-Person Tour Request Virtual Tour
Lebanon,PA 17046
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 33,000 sqft
Price per Sqft $39
MLS Listing ID PALN2017714
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $33,824
Tax Year 2024
Lot Size 0.300 Acres
Acres 0.3
Property Description
Public Auction held on site Monday, December 30, 2024 @ 12 noon - Successful bidder required a 10% non refundable deposit - Settlement within 60 days - List price does not reflect final sales price * Lebanon Farmers Market with approximately 33,000 SF. This outstanding local landmark features a 1st floor market w/22 stands & currently 21 are occupied by vendors. The market is open Thursday-Saturday. 2nd floor consists of a mezzanine with a dining area overlooking the market. Also has 6 stands with 4 occupied. 3rd floor is a state of the art, fully equipped restaurant w/seating for 190 guests. Highlighted by a large & beautiful antique back bar. Also has an event center w/120 person capacity. Attic is equipped with a sprinkler system but has been been developed. The basement is finished with offices, closets & lunchroom. Note: This outstanding historical downtown Lebanon building was completely renovated by a local visionary in 2006. A 6.5 million dollar investment in renovation, outstanding design & mechanicals will be to your benefit. Property is currently netting 160K annually. Sellers have enjoyed their ownership, but have another opportunity & are very motivated to sell. Believe the new owner can take this income producing property to the next level.
Location
State PA
County Lebanon
Area Lebanon City (13201)
Zoning CBD
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Flooring Concrete
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Roof Type Metal,Rubber
Accessibility Elevator
Garage N
Building
Lot Description Level
Foundation Stone
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Lebanon
Others
Tax ID 01-2337876-368934-0000
Ownership Fee Simple
SqFt Source Estimated
Security Features Fire Detection System,Security System,Sprinkler System - Indoor
Special Listing Condition Auction