31 8TH , Lebanon, PA 17046

  • $1,300,000
31 8TH , Lebanon, PA 17046
Active Very Good
31 8TH , Lebanon, PA 17046
31 8TH , Lebanon, PA 17046
  • $1,300,000

Overview

Property ID: PALN2017714
  • Commercial Sale
  • Property Type
  • 33000
  • 0.3
  • Lot Acres
  • 1900
  • Year Built

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.

  • Address 31 8TH
  • City Lebanon
  • State/county PA
  • Zip/Postal Code 17046
  • Country US

Details

Updated on November 19, 2024 at 7:05 pm
  • Property ID: PALN2017714
  • Price: $1,300,000
  • Property Size: 33000
  • Land Area: 0.3 Acres
  • Garage Size: x x
  • Year Built: 1900
  • Property Type: Commercial Sale
  • Property Status: Active

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