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Soap Stone Laundry 302 S 6th St 3,654 SF 100% Leased Retail Building Lebanon, PA 17042 $340,000 ($93.05/SF) 10.29% Cap Rate
INVESTMENT HIGHLIGHTS
- Clean and Well Maintained Laundry with Opportunity for Growth
- Hands off managed rental units
EXECUTIVE SUMMARY
Opportunity awaits with this mixed use property. Operations are currently separated between the first floor public laundry and the second floor apartments. Healthy returns are realized from the first floor laundry business operated by the owner with opportunities for further expansion. Second floor five residential rooms are currently professionally managed and rent from week to week. 2nd Floor units share a common Kitchen/Dining Room and Full Bathroom.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,654 SF
Building Class
C
Year Built
1950
Price
$340,000
Price Per SF
$93.05
Cap Rate
10.29%
NOI
$35,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.68
Lot Size
0.05 AC
Opportunity Zone
Yes
Zoning
OI - Ofc. & Institutional - Office Institutional / Mixed Commercial / Residential
Frontage
22’ on 6th Street
AMENITIES
- Signage
Walk Score®
Very Walkable (82)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 01-2339163-367704-0000 | Total Assessment | $94,200 (2025) |
| Land Assessment | $10,300 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $83,900 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
01-2339163-367704-0000
Land Assessment
$10,300 (2025)
Improvements Assessment
$83,900 (2025)
Total Assessment
$94,200 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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Presented by
Integrity 1st Real Estate
Soap Stone Laundry | 302 S 6th St
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