230 Main St Palmyra, NY 14522-1168
This exceptional multi-use commercial property, situated at 230 E Main St in the heart of Palmyra, NY, presents a unique investment opportunity. The three-story brick building boasts a total of 4,554 square feet and sits on a 0.04-acre lot. The property features two street-level storefronts, ideal for a variety of retail or service businesses, and four separate one-bedroom apartments, providing excellent rental income potential. Ample parking is available, with three designated spots for the building and additional street parking, plus a convenient municipal lot located at the rear. While the interior is currently undergoing rehabilitation, this presents a chance for a new owner to customize the space to their exact specifications. The building's prime location in Palmyra ensures high visibility and accessibility, making it an attractive proposition for both established businesses and new ventures. The asking price is $150,000. Offers will be responded to within 24 hours. Don't miss this chance to acquire a versatile property with significant upside potential in a thriving community. Serious inquiries only, please.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C1 · Palmyra, NYPalmyra. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.