Former Carwash on Retail
973-975 E Main St Palmyra, PA
973-975 E Main St, Palmyra, PA, 00000
Contact for pricing
For Sale
Contact for pricing
12,224 SF former carwash on 1.63 acres for sale.
Property Size12,224 SF
Lot Size1.68 Acres
Price / SF$159.52
Days on Market797
Property Features for 973-975 E Main St
General Information
- Standard status
- Active
- Size
- 12,224 SF
- Lot size
- 1.68 Acres
- Property subtype
- RETAIL
Listing agency
NAI CIR | Lemoyne
(717) 439-9453
Listed by
Nik Sgagias · License #AB069294
(717) 439-9453
Source
Moodyscre
Added: May 16, 2024 Updated: Jul 10 at 11:38AM Checked: Jul 21 at 6:38AM
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 NAI CIR | Lemoyne
Investment Insights
Based on property information with market context.
The property is a 12,224 square foot former carwash situated on 1.63 acres. It is located on Route 422 in Palmyra, Pennsylvania, a heavily traveled retail corridor with ample frontage. The location is central to Harrisburg, Lebanon, and Lancaster, driving residential population growth and commercial development. The property is zoned Highway Commercial and benefits from high visibility. The average daily traffic count is 18,183 vehicles per day on Route 422. The property is surrounded by national retailers, including CVS, McDonalds, Mavis Discount Tires, and Sheetz.
Key Highlights
- Prime location on heavily traveled Route 422 retail corridor.
- High visibility with 18,183 VPD average daily traffic.
- 1.63 acres of land.
Local Financial Insights For Specialty Retail
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 | $195.1k | $15.96 |
| − Vacancy | −$10.1k | −$0.83 |
| EGI | $185.0k | $15.13 |
| − OpEx | −$46.2k | −$3.78 |
| NOI | $138.7k | $11.35 |
12,224 SF · lease $15.96/SF/yr · vacancy 5.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.98M
$1.73M – $2.31M
NOI $138,713 @ 7.0% cap · market cap 7.11%
Second Best
Retail
$1.64M
$1.44M – $1.91M
NOI $114,875 @ 7.0% cap · market cap 5.89%
Theoretical Best
Office A
$2.87M
$2.51M – $3.35M
NOI $200,845 @ 7.0% cap · market cap 10.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Car washes
Similar For Sale Nearby
FAQs
What type of property is this?
Car wash - 12,224 SF former carwash on 1.63 acres for sale.
Where is this car wash located?
The property is located at 973-975 E Main St Palmyra, PA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Prime location on heavily traveled Route 422 retail corridor.; High visibility with 18,183 VPD average daily traffic.; 1.63 acres of land.
