660 E Lehman Street

Description

Impressive and versatile commercial automotive property with an adjoining 2-unit multi-family. 42-years of ownership and very attentive care. Excellent condition. Superior location, high traffic count and 150 feet of road frontage on a main artery of Lebanon City. Lots of parking (can fit up to 22 vehicles, and has several spaces for larger trucks). Zoned "Neighborhood Commercial" with lots of approved uses. Both residential units are presently leased to quality long-term month-to-month tenants. The commercial space is currently owner-occupied and is used for upholstery and automotive repair. Owner does not intend to stay. Various spaces exist on the commercial side of the property that can be rented individually or used collectively by one party. The heart of the building is a 2,000 sqft Repair Shop with three (3) large garage bays, one of which is partitioned and can be rented separately. Repair Shop has a half-bath. The 650 sqft Upholstery Shop has one (1) large bay and two (2) man-door entrances. The Retail Space is 960 sqft and has one (1) large bay, two (2) man-door entrances, and a full bath. There is also a Partially Finished Office/Apartment space which can completed and used in a number of ways. There are a total of six (6) electric meters on site - one for Each Apartment, one for the Retail Space, one for the Repair Shop, one for the Upholstery Shop, and one for the Partially Finished Office/Apartment space. The partitioned bay in the Repair Shop can also have its electric connected to the Upholstery Shop's meter. This property can be outfitted and utilized in many different ways. It is perfectly suited for the automotive industry, but also has the space and layout for any number of other uses. All with strong passive income from two large apartments.