327 S GANNON ST, Lebanon, PA 17042
327 S GANNON ST, Lebanon, PA 17042
327 S GANNON ST, Lebanon, PA 17042
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Heather R. Nahr

Heather R. Nahr

+1(240) 620-3674
Listed by Tommy Long • Howard Hanna Krall Real Estate
$525,000
Est. payment /mo
0.52 Acres Lot
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Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

MLS Listing ID PALN2026290

Year Built 2004

Annual Tax Amount $7,873

Tax Year 2026

Lot Size 0.520 Acres

Acres 0.52

Property Sub-Type Other

Source BRIGHT

Property Description

Exceptional investment opportunity positioned for long-term upside. 48 storage units plus 10 parking spaces. All units in good condition. Currently only one vacancy. 38 of the units were built in 2004 (all sized 10x20) and 10 additional units were constructed in 2018 (3 of these are 10x18 and 7 are 10x15). All units currently rent for $100/month and all parking spaces for $25/month, with potential increases to $115 and $35 respectively. Room to add about 2 to 4 additional parking spaces. Please see documents section for Pro Forma, financials, and additional information. Major operational improvements completed within the past year have transformed this property into a streamlined, professionally-managed asset. Recent upgrades include the installation of new heavy-duty metal signage, rollout of a website equipped for online rentals, auto-pay, automated late fees, and tenant insurance purchasing (additional income source for owner), removal of delinquent tenants, rent increases to market value, execution of updated leases with owner-favorable terms, property cleanup and minor repairs, installation of security cameras and motion lighting, and establishment of Google Verification and Search Engine Optimization (SEO). Buyer will receive the website and company name with the purchase, and can also have the LLC if desired. Visit the website at gannonstreetstorage.com to get a feel for how it operates. Self-storage investment opportunities of this caliber are exceedingly rare. Seize your moment!

Location

State PA

County Lebanon

Area Lebanon City (13201)

Zoning OFFICE INDUSTRIAL

Interior

Hot Water None

Heating None

Cooling None

Flooring Concrete

Heat Source None

Exterior

Garage Spaces 10.0

Utilities Available Electric Available, Sewer Available, Water Available

Water Access N

Roof Type Metal

Accessibility None

Total Parking Spaces 10

Garage N

Building

Sewer No Sewer System

Water None

New Construction N

Schools

School District Lebanon

Others

Tax ID 02-2337860-367352-0000

Ownership Fee Simple

Special Listing Condition Standard

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Bright MLS (BMLS)

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Heather R. Nahr

Heather R. Nahr

+1(240) 620-3674

Agent | License ID: MD-586044, PA-RSR005172

Agent License ID: MD-586044, PA-RSR005172

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