Mixed-Use Building with
New
For Sale
$229,000
42 S MAIN STREET, Mercersburg, PA 17236
An occupied commercial space and a vacant apartment provide distinct uses within the same building.
Property Size1,532 SF
Price / SF$149.48
Days on Market5
Property Features for 42 S MAIN STREET
General Information
Standard status
Active
Size
1,532 SF
Property subtype
Commercial
Additional Details
Mixed-Use Components
commercial, residential
Tenant in Place
Yes
Building Details
Year Built
1900
Listing Agency:
Berkshire Hathaway HomeServices Homesale Realty
(717) 267-3222
Listed By:
Brooke Hill · License #5002325
(717) 816-3823
Source:
Cummingsrealtors
Added: Oct 23
Changed: Oct 27
Last Checked: Oct 26 at 3:47PM
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 Berkshire Hathaway HomeServices Homesale Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,532-square-foot mixed-use building, constructed in 1900, has commercial space on the lower level and a two-bedroom, one-bath apartment upstairs. The commercial portion is occupied by a business, while the apartment is vacant and could be used for occupancy or rental income.
The property is at 42 S Main Street in downtown Mercersburg, within walking distance of local shops and restaurants.
The property is at 42 S Main Street in downtown Mercersburg, within walking distance of local shops and restaurants.
Key Highlights
- 1,532‑square‑foot building constructed in 1900
- Occupied commercial space on the lower level
- Vacant two‑bedroom, one‑bath apartment upstairs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,167
Cap Rate
6.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,340
$303.3K
Cap Rate 7%
$216,671
$216.7K
Cap Rate 9%
$168,522
$168.5K
Market Conditions
NOI Build-Up for 1,532 SF
Gross rent
$27.6K $18.00/SF
− Vacancy
−$3.3K −$2.16/SF
EGI
$24.3K $15.84/SF
− OpEx
−$9.1K −$5.94/SF
NOI
$15.2K $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%
$303,340
Cap Rate 7%
$216,671
Cap Rate 9%
$168,522
Alternative Uses
Best Use
Mixed Use
$216.7K
$189.6K – $252.8K
NOI $15,167 @ 7.0% cap · market cap 6.62%
Second Best
Retail
$205.7K
$180.0K – $240.0K
NOI $14,397 @ 7.0% cap · market cap 6.29%
Theoretical Best
Office A
$371.5K
$325.0K – $433.4K
NOI $26,002 @ 7.0% cap · market cap 11.35%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
232
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - An occupied commercial space and a vacant apartment provide distinct uses within the same building.
Where is this mixed-use property located?
The property is located at 42 S MAIN STREET Mercersburg, PA.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: 1,532‑square‑foot building constructed in 1900; Occupied commercial space on the lower level; Vacant two‑bedroom, one‑bath apartment upstairs
