62 Main St, Palmyra, PA 17078-1603
This iconic, two-story mixed-use building at 62 W Main St, Palmyra, PA, is available for sale for the first time in decades. Boasting 15,000 square feet, this Class B property offers a unique blend of creative office and executive office spaces, perfect for an owner-user or savvy investor. The building's historic charm, dating back to the early 1900s, is complemented by modern updates and renovations, ensuring it's ready for its next chapter. The versatile layout, featuring unique architectural details and fixtures, is ideal for a variety of uses, including retail businesses. Currently, the property is partially occupied by several vendors with flexible leases, presenting an excellent opportunity for expansion. Separate utility meters and multiple access points allow for multi-tenant redevelopment. Situated on a high-traffic corridor between Hershey and Lebanon, this property benefits from a desirable demographic pool. The Central Business District zoning permits a wide range of uses, including personal services, markets, medical facilities, microbreweries, offices, restaurants, and various retail options. The 0.32-acre lot provides ample space, and seller financing is available. This highly recognizable building offers an exceptional investment opportunity with strong potential for growth and return. APN: 16-2290126-356676-0000. Asking price: $1,400,000 ($93.33/sq ft).
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.