940 Main St Palmyra, PA 17078
- Auto shops
- 6,760 SF
- 2.54 lot acres
Current Use by Public Records
- Auto shops
Property Details for 940 Main St
- Year built
- 2019
- Lot size
- 2.54 lot acres
- Property size
- 6,760 SF
- Property type
- Auto shops
- APN
- 16-2294036-359124-0000
- APU
- 1622940363591240000
Description
This exceptional 0.06-acre pad site, located at 940 E Main Street in Palmyra, Pennsylvania (zip code 17078), presents a remarkable opportunity for retail development. Boasting a Class A designation and a total of 2,500 square feet of vacant space, this single-tenant property offers significant potential. The site features 58 parking spaces and enjoys exceptional visibility along East Main Street (Route 422), a major thoroughfare. The entire parcel boasts 300 feet of frontage, ensuring high traffic exposure. Surrounded by established national retailers including McDonald's, Sheetz, Weis Markets, CVS, and Klick Lewis Chevrolet, this location benefits from strong existing commercial activity and high consumer traffic. The property is zoned Highway Commercial, allowing for a wide range of uses, including but not limited to: animal hospitals, ice cream shops, churches, commercial day-care facilities, dry cleaners, health clubs, medical/dental/optical and counseling clinics or offices, personal services, microbreweries, and various retail sales establishments. The site is approved for a building of approximately 2,487 square feet. The Lebanon County APN is 16-2294036-359124-0000. This is an ideal location for businesses seeking high visibility and convenient access in a thriving commercial area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,460,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,410,000
- 6.5%
- $2,195,000
- 7%
- $2,060,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,375,000
- Geo Method
- $2,495,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,875,000
- Retail
- $2,465,000
- Mixed-Use
- $2,490,000
- Hospitality
- $2,540,000
- Educational
- $1,900,000
- Residential Income
- $2,420,000
- Energy
- $2,585,000
- Income-Based Land
- $1,875,000
- Food Service
- $1,985,000
Location Insight
- Map
- Local Demand
- City
- Palmyra
- County
- Lebanon
- State
- Pennsylvania
- Longitude
- -76.5826
- Latitude
- 40.3133
- CBSA code
- 30140
- CBSA name
- LEBANON, PA METROPOLITAN STATISTICAL AREA
