Mixed-Use Property with
For Sale
$209,900
18-20 S MARKET ST, Mechanicsburg, PA 17055
Two commercial spaces and two upstairs apartments create a flexible mixed-use configuration.
Property Size2,184 SF
Price / SF$96.11
Days on Market50
Property Features for 18-20 S MARKET ST
General Information
Standard status
Active
Size
2,184 SF
Property subtype
Multi-family
Units
Unit Mix
1 x 1BR/1.5BA, 1 x 1BR
Multifamily Units
2
Listing Agency:
Iron Valley Real Estate of York County
(717) 316-8777
Listed By:
John P P Wiga · License #AB066147
(717) 577-0938
Source:
Keygroupmd
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 26 at 3:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Iron Valley Real Estate of York County
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Investment Insights
Based on property information with market context.
This 2,184-square-foot mixed-use property combines street-level commercial space with residential units above. The first floor contains two separate commercial spaces, each with its own entrance, and both are currently rented to the same user.
The second floor includes two apartments with private access. One apartment has one bedroom, 1.5 bathrooms, and additional space that may serve as a second bedroom, office, or craft room. The other is a smaller one-bedroom apartment entered from the rear parking lot. The property is located in downtown Mechanicsburg at 18-20 S Market St.
The second floor includes two apartments with private access. One apartment has one bedroom, 1.5 bathrooms, and additional space that may serve as a second bedroom, office, or craft room. The other is a smaller one-bedroom apartment entered from the rear parking lot. The property is located in downtown Mechanicsburg at 18-20 S Market St.
Key Highlights
- 2,184‑square‑foot mixed‑use property
- Two first‑floor commercial spaces with separate entrances
- Both commercial spaces are currently rented to the same user
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,447
Cap Rate
8.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$368,940
$368.9K
Cap Rate 7%
$263,529
$263.5K
Cap Rate 9%
$204,967
$205.0K
Market Conditions
NOI Build-Up for 2,184 SF
Gross rent
$35.6K $16.32/SF
− Vacancy
−$2.1K −$0.96/SF
EGI
$33.5K $15.36/SF
− OpEx
−$15.1K −$6.91/SF
NOI
$18.4K $8.45/SF
Area
Cumberland County, PA
Vacancy
5.90%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$368,940
Cap Rate 7%
$263,529
Cap Rate 9%
$204,967
Alternative Uses
Best Use
Retail
$300.3K
$262.8K – $350.4K
NOI $21,024 @ 7.0% cap · market cap 10.02%
Second Best
Mixed Use
$292.2K
$255.7K – $340.9K
NOI $20,455 @ 7.0% cap · market cap 9.75%
Theoretical Best
Office A
$507.3K
$443.9K – $591.9K
NOI $35,513 @ 7.0% cap · market cap 16.92%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
807
Businesses Nearby
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Business Placement
Demographics for 17055, PA
40,353
Population
18,994
Households
2.1
Avg Household Size
42
Median Age
47%
College-Educated
97%
High-School Grad
39.2 sq mi
ZIP Area
1,029
Density / Sq Mi
$95,542
Median Household Income
$55,923
Median Earnings
$1,320
Median Rent
$266,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two commercial spaces and two upstairs apartments create a flexible mixed-use configuration.
Where is this mixed-use property located?
The property is located at 18-20 S MARKET ST Mechanicsburg, PA.
What is the asking price?
The asking price for this property is $209,900.
What are key features of this property?
This property features: 2,184‑square‑foot mixed‑use property; Two first‑floor commercial spaces with separate entrances; Both commercial spaces are currently rented to the same user
