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    232 N Main St, Mercersburg, PA 17236

    0.23 ac lot
    Entity Owned 16-yr Hold ~ Est. High Equity
    Property ID
    US73-3122704
    232 N Main St, Mercersburg, PA 17236 For Sale 1 / 59
    $410,000
    232 N Main St, Mercersburg, PA 17236
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    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Lot 0.23 ac (10,019 SF)
    APN 14-3A12-26
    UPID US73-3122704
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Ri Cha Properties LLC · 16 yrs held
    Ri Cha Properties LLC
    since 2009
    1 recorded transaction
    2009
    $250,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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