Mixed-Use Main Street
3 South Main Street Mercersburg, PA 17236
3 South Main Street, Mercersburg, PA, 17236
$399,000
For Sale
$399,000
Restored mixed-use property with two commercial spaces on the main and lower level and two residential apartments above.
Property Size2,500 SF
Price / SF$159.60
Days on Market30
Property Features for 3 South Main Street
General Information
- Standard status
- Active
- Size
- 2,500 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1792
Listing agency
Keller Williams of Central PA
(717) 609-6059
Listed by
Lauren Gardner · License #RS365621
(717) 609-6059
Source
Compass
Added: Jun 23 Updated: Jul 21 at 6:40AM Checked: Jul 21 at 6:40AM
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 and meticulously maintained mixed-use property offers two commercial spaces located on the main and lower level, along with two residential apartments above. The building’s layout supports both retail or office use on the lower levels and apartment living on the upper levels.
Located on South Main Street in Mercersburg, the property benefits from Main Street exposure within the MLS area of Mercersburg Boro (14514). The listing also notes the Tuscarora School District.
For buyers seeking an income-oriented structure, the building provides multiple rental opportunities across the commercial and residential components. The property is positioned to support an owner-occupant scenario or a fully leased investment strategy, depending on how the spaces are utilized.
Located on South Main Street in Mercersburg, the property benefits from Main Street exposure within the MLS area of Mercersburg Boro (14514). The listing also notes the Tuscarora School District.
For buyers seeking an income-oriented structure, the building provides multiple rental opportunities across the commercial and residential components. The property is positioned to support an owner-occupant scenario or a fully leased investment strategy, depending on how the spaces are utilized.
Key Highlights
- Restored mixed‑use property with 2 commercial spaces (main and lower level) and 2 residential apartments above
- Year built: 1792
- Accessibility features include 2+ access exits
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.4k | $15.36 |
| − Vacancy | −$2.9k | −$1.15 |
| EGI | $35.5k | $14.21 |
| − OpEx | −$10.7k | −$4.26 |
| NOI | $24.9k | $9.95 |
2,500 SF · lease $15.36/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$355.2K
$310.8K – $414.4K
NOI $24,864 @ 7.0% cap · market cap 6.23%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Restored mixed-use property with two commercial spaces on the main and lower level and two residential apartments above.
Where is this duplex located?
The property is located at 3 South 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: Restored mixed‑use property with 2 commercial spaces (main and lower level) and 2 residential apartments above; Year built: 1792; Accessibility features include 2+ access exits
