Mixed-Use Property with
3 S MAIN STREET, Mercersburg, PA 17236
For Sale
$399,000
Multi-Family, MERCERSBURG, PA
Property Size2,500 SF
Lot Size0.11 Acres
Price / SF$159.60
Days on Market135
Property Features for 3 S MAIN STREET
General Information
Property type
Property subtype
Parking features
Elementary school district
Middle school district
High school district
Standard status
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Building Details
Year built
Number of units
Building materials
Architectural style
Listing Agency:
Keller Williams of Central PA · Keller Williams Realty
(717) 761-4300
Listed By:
Lauren Gardner · License #RS365621
(717) 609-6059
Added: Jun 27
Changed: Oct 8
Last Checked: Nov 8 at 4:06PM
MLS# PAFL2035776
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Located at 3 S Main Street in Mercersburg, this 2,500-square-foot mixed-use property has two commercial spaces, one on the main level and another on the lower level, with two apartments above. The building dates to 1792 and has log and vinyl siding construction, ductless cooling, and on-street parking. The parcel measures 0.11 acres.
Key Highlights
- Two commercial spaces and two residential apartments
- 2,500 square feet on a 0.11‑acre lot
- Commercial spaces occupy the main and lower levels; apartments are above
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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Property Analytics
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Open Analytics
Current Use
Lease Details
2
Office units
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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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 combine business and residential components in one building.
Where is this mixed-use property located?
The property is located at 3 S MAIN STREET 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: Two commercial spaces and two residential apartments; 2,500 square feet on a 0.11‑acre lot; Commercial spaces occupy the main and lower levels; apartments are above
