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    940 Main St Palmyra, PA 17078

    Sponsored
    For Lease
    $65,040

    High-profile location, 2,500 sqft, 58 parking spaces

    Lot size:
    2,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.06-acre pad site, located at 940 E Main Street in Palmyra, Pennsylvania (zip code 17078), presents a remarkable opportunity for retail development. Boasting a Class A designation and a total of 2,500 square feet of vacant space, this single-tenant property offers significant potential. The site features 58 parking spaces and enjoys exceptional visibility along East Main Street (Route 422), a major thoroughfare. The entire parcel boasts 300 feet of frontage, ensuring high traffic exposure. Surrounded by established national retailers including McDonald's, Sheetz, Weis Markets, CVS, and Klick Lewis Chevrolet, this location benefits from strong existing commercial activity and high consumer traffic. The property is zoned Highway Commercial, allowing for a wide range of uses, including but not limited to: animal hospitals, ice cream shops, churches, commercial day-care facilities, dry cleaners, health clubs, medical/dental/optical and counseling clinics or offices, personal services, microbreweries, and various retail sales establishments. The site is approved for a building of approximately 2,487 square feet. The Lebanon County APN is 16-2294036-359124-0000. This is an ideal location for businesses seeking high visibility and convenient access in a thriving commercial area.

    Property Features for 940 Main St

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,500 SF
    Class
    A
    Total Rate
    65040

    Unit(s) available at that property

    Space
    Available Space
    Size
    2,614 SF
    Rate per SF
    $65,040

    HighLights

    • Pad site available for sale or lease.
    • High visibility and traffic counts.
    • Last remaining development site in central Palmyra on Rt. 422.
    • Ideal for retail development.
    • 17,000 VPD on Rt. 422.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palmyra
    County
    Lebanon
    State
    Pennsylvania
    Longitude
    -76.5809604
    Latitude
    40.3142043

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    FAQs

    What type of property is this?
    Land - High-profile location, 2,500 sqft, 58 parking spaces
    Where is this land located?
    The property is located at 940 Main St Palmyra, PA.
    What is the lease rate?
    The lease rate is $65,040.
    What are key features of this property?
    This property features: Pad site available for sale or lease.; High visibility and traffic counts.; Last remaining development site in central Palmyra on Rt. 422.
    Request Owner's contact information
    940 Main St Palmyra, PA 17078
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    940 Main St Palmyra, PA 17078
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