1507 Willow Street

Description

Warehouse complex for sale on 5.97 acres, ideal to cashflow or use as a company headquarters. Located in a "general industrial commercial" GIC zoned area of the City of Lebanon, 1507 Willow Street presents an excellent opportunity for both owner occupants and investors. The main building is comprised of over 52,000 square feet divided as follows: 38,112 sq. ft base structure, 2,832 1st floor office area, 7,200 sq. ft second level mezzanine, 7,160 sq. ft second floor office area. The new owner will likely demo the exiting offices and mezzanine to open up the clear span, or renovate the offices. The main building features multiple loading docks with open span areas and 20 foot+ ceiling heights 440 v-3 phase electric, a red coded sprinkler system, a yellow coded gas system, and exhaust fans throughout the plant. The former owner was a manufacturing company in the films and plastics business. The current owner has used the building for storage and trailer parking. A secondary "butler steel building" comprising 10,000 square feet was added in 2007. The total site is 5.97 acres including a 3 acre fenced lot ideal for truck parking or trailer storage and 700 feet of railroad siding currently not in use. A portion of the main building is currently leased through September 2026 at a rate of $3,710 per month to a florist-business for warehouse storage. The owner has interest from local businesses in leasing other portions of the building and parking lots. Property is currently underutilized as sale is prompted by retirement. A Phase I and Phase II environmental site analysis was performed in 2010. Located next door to Murray's foods. Close to major transportation routes including Route 422, I-81, 1-78, and the Pennsylvania Turnpike.