232 Main St Mercersburg, PA 17236
- Investment properties
- 0.23 lot acres
Current Use by Public Records
- Investment properties
Property Details for 232 Main St
- Lot size
- 0.23 lot acres
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 14-3A12-26
- APU
- 143A1226
Description
This unique investment opportunity in historic Mercersburg, PA, presents a compelling blend of commercial and residential income streams. Located at 232 N Main Street, the property boasts 12,792 square feet on a 0.63-acre lot with excellent visibility and frontage on Route 16. The commercial space, occupying the first floor, offers ample retail or commercial space, complemented by substantial storage and warehouse areas in the rear. Currently leased with a tenant holding a two-year lease with annual increases, this space generates significant income. Above the commercial space, the second floor comprises two residential apartments occupied by long-term tenants, contributing further to the property's overall revenue generation. The gross annual income from the entire property exceeds $56,000. The property is divided into three separately parceled units: one commercial and two residential. This strategic configuration offers flexibility and potential for future development or expansion. The property's prime location and established income streams make it an attractive investment for discerning buyers seeking a diversified portfolio. While photos of the apartments are unavailable to protect tenant privacy, interested parties are encouraged to schedule a viewing to fully appreciate this exceptional opportunity. Further details are available upon request.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mercersburg
- County
- Franklin
- State
- Pennsylvania
- Longitude
- -77.9045
- Latitude
- 39.8328
- CBSA code
- 16540
- CBSA name
- CHAMBERSBURG, PA MICROPOLITAN STATISTICAL AREA
