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    OFF-MARKET
    Retail space

    62 Main St, Palmyra, PA 17078-1603

    9,752 SF 0.32 ac lot Built 1960
    Individually Owned Absentee Owner Free & Clear
    Property ID
    US73-3493938
    Property summary
    AI-generated overview

    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).

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1960
    Total area 9,752 SF
    Lot 0.32 ac (13,939 SF)
    APN 16-2290126-356676-0000
    UPID US73-3493938
    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
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    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    ANNETTE L GERHART
    ANNETTE L GERHART
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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