Bed and Breakfast for
For Sale
$699,900
231 E MAIN STREET, Palmyra, PA 17078
For sale bed and breakfast property in Palmyra with approximately 7,500 square feet.
Property Size5,838 SF
Days on Market121
Property Features for 231 E MAIN STREET
General Information
Standard status
Active
Size
5,838 SF
Total Parking Spaces
6
Property subtype
Business Opportunity
Zoning
HIGHWAY COMMERCIAL
Net Operating Income
$41,690
Taxes and HOA fees
Annual Taxes
$6,198
Amenities
Ductless, Electric
Electric
Gas Water Heater
On Street, Private, Paved, Garage, Off Site, Driveway
Building Details
Building Size
5,838 SF
Year Built
1975
Stories
3
Listing Agency:
Coldwell Banker Realty
Listed By:
Christina Bailey · License #RS308461
(717) 512-0615
Source:
Evrealestate
Added: Jun 25
Changed: Oct 21
Last Checked: Oct 23 at 7:34AM
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 Coldwell Banker Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This bed and breakfast property is offered for sale and totals approximately 7,500 square feet. The listing is categorized as a hospitality/commercial real estate asset and is presented as a single property at 231 E Main St.
Directions noted with the listing are US-322 E to US-422 E in Palmyra, and the county is Lebanon County. The property’s stated address places it on E Main St in Palmyra, PA 17078.
Directions noted with the listing are US-322 E to US-422 E in Palmyra, and the county is Lebanon County. The property’s stated address places it on E Main St in Palmyra, PA 17078.
Key Highlights
- Approximately 7,500 sq ft bed and breakfast property in Palmyra
- Multiple heating types: hot water, steam, electric, and oil
- On‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,356
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$707,120
$707.1K
Cap Rate 7%
$505,086
$505.1K
Cap Rate 9%
$392,844
$392.8K
Market Conditions
NOI Build-Up for 5,838 SF
Gross rent
$87.6K $15.00/SF
− Vacancy
−$13.1K −$2.25/SF
EGI
$74.4K $12.75/SF
− OpEx
−$39.1K −$6.69/SF
NOI
$35.4K $6.06/SF
Area
Lebanon County, PA
Vacancy
15.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$707,120
Cap Rate 7%
$505,086
Cap Rate 9%
$392,844
Alternative Uses
Best Use
Hotel Hospitality
$505.1K
$442.0K – $589.3K
NOI $35,356 @ 7.0% cap · market cap 5.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,921 @ 7.0% cap · market cap 13.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
569
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 17078, PA
23,496
Population
9,602
Households
2.4
Avg Household Size
43
Median Age
35%
College-Educated
94%
High-School Grad
30.1 sq mi
ZIP Area
781
Density / Sq Mi
$84,533
Median Household Income
$47,141
Median Earnings
$1,252
Median Rent
$278,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Similar Off Market Nearby
- Walton Manor Inn Bed & Breakfast — 231 E Main St, Palmyra, PA 17078
- Dutch Motel — 500 E Main St, Palmyra, PA 17078
- HermieHomemades — 32 N Forge Rd, Palmyra, PA 17078
Frequently Asked Questions
What type of property is this?
Bed & breakfast - For sale bed and breakfast property in Palmyra with approximately 7,500 square feet.
Where is this bed & breakfast located?
The property is located at 231 E MAIN STREET Palmyra, PA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Approximately 7,500 sq ft bed and breakfast property in Palmyra; Multiple heating types: hot water, steam, electric, and oil; On‑street parking
