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    940 Main St Palmyra, PA 17078

    Sponsored
    For Sale
    $400,000

    Prime Retail Pad Site, High Traffic

    Property size:
    2,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.06-acre commercial land parcel, located at 940 E Main Street (Route 422) in Palmyra, Pennsylvania, presents a unique investment opportunity. Priced at $400,000, this pad site boasts an approved plan for a +/- 2,487 square foot building, perfect for a variety of retail uses. The property offers 58 parking spaces and benefits from a highly visible location along a major thoroughfare with an average daily traffic count of 17,000 vehicles. Surrounded by established national retailers including McDonald's, Sheetz, Weis Markets, CVS, and Klick Lewis Chevrolet, this site ensures high visibility and accessibility. The Highway Commercial zoning permits a wide range of uses, including animal hospitals, ice cream shops, churches, day-care facilities, dry cleaners, health clubs, medical/dental/optical clinics, personal services, microbreweries, and more. This is one of the last available sites in the heart of Palmyra along Route 422, making it a truly exceptional opportunity for retail development. The APN is 16-2294036-359124-0000. The total square footage is 2,500. This property is available for sale.

    Property Features for 940 Main St

    General Information

    Property type
    Land
    Square Feet
    2,500 SF
    Lot Size
    2,614 SF

    HighLights

    • Pad site available for sale or lease.
    • High visibility and traffic counts.
    • Last remaining development site in central Palmyra, 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 - Prime Retail Pad Site, High Traffic
    Where is this land located?
    The property is located at 940 Main St Palmyra, PA.
    What is the asking price?
    The asking price for this property is $400,000.
    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, Rt. 422.
    Request Owner's contact information
    940 Main St Palmyra, PA 17078
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    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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