Restored Main Street Mixed-Use
For Sale
$399,000
3 S Main St, Mercersburg, PA 17236
Historic commercial property with two business spaces and two upper-level apartments.
Property Size2,500 SF
Price / SF$159.60
Days on Market71
Property Features for 3 S Main St
General Information
Standard status
Active
Size
2,500 SF
Additional Details
Multifamily Units
2
Building Details
Year Built
1792
Buildings
1
Tenancy
Multi
Listing Agency:
Keller Williams of Central PA
Listed By:
Lauren Gardner, John Gardner · License #RS365621
(717) 609-6059
Source:
Selltheshore
Added: Aug 6
Changed: Oct 6
Last Checked: Oct 7 at 1:45PM
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 Keller Williams of Central PA
Investment Insights
Based on property information with market context.
This restored mixed-use property dates to 1792 and contains approximately 2,500 square feet of commercial and residential space. The configuration includes two commercial areas positioned on the main and lower levels, along with two apartments above. The building is described as meticulously maintained and combines historic character with an income-producing layout.
Located at 3 S Main St in Mercersburg, Pennsylvania, the property occupies a Main Street setting with visibility for commercial use. Its combination of business and residential components supports owner-user occupancy with apartment income or leasing of the full property, as permitted by applicable requirements.
Located at 3 S Main St in Mercersburg, Pennsylvania, the property occupies a Main Street setting with visibility for commercial use. Its combination of business and residential components supports owner-user occupancy with apartment income or leasing of the full property, as permitted by applicable requirements.
Key Highlights
- 1792 construction date with restored historic character
- Approximately 2,500 square feet of mixed‑use space
- Two commercial spaces on the main and lower levels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,750
Cap Rate
6.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$495,000
$495.0K
Cap Rate 7%
$353,571
$353.6K
Cap Rate 9%
$275,000
$275.0K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$45.0K $18.00/SF
− Vacancy
−$5.4K −$2.16/SF
EGI
$39.6K $15.84/SF
− OpEx
−$14.9K −$5.94/SF
NOI
$24.8K $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%
$495,000
Cap Rate 7%
$353,571
Cap Rate 9%
$275,000
Alternative Uses
Best Use
Mixed Use
$353.6K
$309.4K – $412.5K
NOI $24,750 @ 7.0% cap · market cap 6.20%
Second Best
Retail
$335.6K
$293.7K – $391.6K
NOI $23,494 @ 7.0% cap · market cap 5.89%
Theoretical Best
Office A
$606.2K
$530.4K – $707.2K
NOI $42,432 @ 7.0% cap · market cap 10.63%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
215
Businesses Nearby
Explore this area
Business Placement
Demographics for 17236, PA
8,620
Population
3,741
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
89%
High-School Grad
125.7 sq mi
ZIP Area
69
Density / Sq Mi
$81,074
Median Household Income
$42,283
Median Earnings
$986
Median Rent
$250,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Historic commercial property with two business spaces and two upper-level apartments.
Where is this mixed-use property located?
The property is located at 3 S Main St Mercersburg, PA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 1792 construction date with restored historic character; Approximately 2,500 square feet of mixed‑use space; Two commercial spaces on the main and lower levels
