Mixed-Use Property with
For Sale
$749,900
220 & 1/2 W Main St, Waynesboro, PA 17268
Upper-level living space complements a bar and restaurant-ready commercial floor with General Commercial zoning.
Property Size6,000 SF
Price / SF$124.98
Days on Market65
Property Features for 220 & 1/2 W Main St
General Information
Standard status
Active
Size
6,000 SF
Building Details
Year Built
1900
Listing Agency:
Samson Properties
Listed By:
Donald E Truett · License #RS307513
(717) 762-8000
Source:
Riverfoxrealty
Added: Aug 12
Changed: Oct 13
Last Checked: Oct 5 at 11:48PM
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 Samson Properties
Investment Insights
Based on property information with market context.
This mixed-use property combines a multi-level residence with an established commercial configuration. The second and third floors provide approximately 2,200 sq. ft. of living space with 2 bedrooms, 1.5 baths, and in-unit laundry. The main level is arranged for bar or restaurant operations, with seating for approximately 80 guests, two public restrooms, and an outdoor patio. The total property size is 6,000 square feet.
Located at 220 & 1/2 W Main St in downtown Waynesboro, the property includes off-street and on-site parking plus a detached two-car garage. General Commercial zoning supports the existing mixed-use arrangement and a range of business applications. Built in 1900, the property offers a live-work configuration in a central downtown setting.
Located at 220 & 1/2 W Main St in downtown Waynesboro, the property includes off-street and on-site parking plus a detached two-car garage. General Commercial zoning supports the existing mixed-use arrangement and a range of business applications. Built in 1900, the property offers a live-work configuration in a central downtown setting.
Key Highlights
- Approximately 2,200 sq. ft. of living space across the second and third floors
- Main level configured for bar and restaurant use with seating for approximately 80 guests
- Two public restrooms, in‑unit laundry, and outdoor patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,400
Cap Rate
7.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,188,000
$1.2M
Cap Rate 7%
$848,571
$848.6K
Cap Rate 9%
$660,000
$660.0K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$108.0K $18.00/SF
− Vacancy
−$13.0K −$2.16/SF
EGI
$95.0K $15.84/SF
− OpEx
−$35.6K −$5.94/SF
NOI
$59.4K $9.90/SF
Area
Franklin County, PA
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,188,000
Cap Rate 7%
$848,571
Cap Rate 9%
$660,000
Alternative Uses
Best Use
Specialty Retail
$1.16M
$1.01M – $1.35M
NOI $80,946 @ 7.0% cap · market cap 10.79%
Second Best
Office B
$1.06M
$924.4K – $1.23M
NOI $73,948 @ 7.0% cap · market cap 9.86%
Theoretical Best
Office A
$1.45M
$1.27M – $1.70M
NOI $101,837 @ 7.0% cap · market cap 13.58%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
625
Businesses Nearby
Explore this area
Business Placement
Demographics for 17268, PA
29,587
Population
12,693
Households
2.3
Avg Household Size
42
Median Age
20%
College-Educated
92%
High-School Grad
77.8 sq mi
ZIP Area
380
Density / Sq Mi
$69,715
Median Household Income
$44,106
Median Earnings
$1,081
Median Rent
$225,900
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Upper-level living space complements a bar and restaurant-ready commercial floor with General Commercial zoning.
Where is this mixed-use property located?
The property is located at 220 & 1/2 W Main St Waynesboro, PA.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Approximately 2,200 sq. ft. of living space across the second and third floors; Main level configured for bar and restaurant use with seating for approximately 80 guests; Two public restrooms, in‑unit laundry, and outdoor patio
