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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PALN2024052
Year Built 1940
Annual Tax Amount $5,786
Tax Year 2025
Lot Size 0.290 Acres
Acres 0.29
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
The main level (approx. 1,000 sq. ft.) is currently leased and operating as a salon ($2300 per month), providing steady income. The second floor features a well-kept 2 bedroom, 1 bath apartment, currently rented to excellent, timely tenants who would love to stay ($1200 per month).
The third floor presents incredible potential. With two existing bedrooms (each with closets) and a large great room with vaulted ceilings, this level is ready to be finished into an additional unit. There is potential to add a separate private entrance from the exterior or extend access from the second level which will open the door for even more income opportunities. Recent updates include a new roof in 2023, along with a new hot water heater, windows and electrical panel installed in 2024.
Outside, you'll find ample parking and a detached garage that can be rented for supplemental revenue.
Versatile, income-producing, and perfectly located—this is a standout investment in a thriving Palmyra area!
Location
State PA
County Lebanon
Area Palmyra Boro (13216)
Zoning MIXED USE
Interior
Hot Water Natural Gas
Heating Baseboard - Hot Water
Cooling Ductless/Mini-Split
Flooring Ceramic Tile, Laminate Plank
Heat Source Natural Gas
Exterior
Garage Spaces 8.0
Water Access N
Accessibility 2+ Access Exits, Ramp - Main Level
Total Parking Spaces 8
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Palmyra Area
Others
Tax ID 16-2291325-357508-0000
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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