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About the Listing CONT1 - 3357244
Prime opportunity in the heart of Palmyra! This Mixed-Use Commercial property offers over 3,700 sq. ft. of adaptable space in a busy, high-visibility location ideal for investors, business owners, or those looking to maximize rental income. The main level (approx. 1,000 sq. ft.) is currently leased and operating as a salon ($2300 per month), providing steady income. The second floor features a well-kept 2 bedroom, 1 bath apartment, currently rented to excellent, timely tenants who would love to stay ($1200 per month). The third floor presents incredible potential. With two existing bedrooms (each with closets) and a large great room with vaulted ceilings, this level is ready to be finished into an additional unit. There is potential to add a separate private entrance from the exterior or extend access from the second level which will open the door for even more income opportunities. Recent updates include a new roof in 2023, along with a new hot water heater, windows and electrical panel installed in 2024. Outside, you’ll find ample parking and a detached garage that can be rented for supplemental revenue. Versatile, income-producing, and perfectly located—this is a standout investment in a thriving Palmyra area!
Listing Highlights
Status
Active
Days on Site
4
Property Type
Commercial Sale
MLS ®
PALN2024052
Year Built
1940
Total Square Footage
3,726
Lot/Acreage
0.29
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Ductless/Mini-Split
- Heating: Baseboard - Hot Water
- Fireplaces:
- Floor: Ceramic Tile,Laminate Plank
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Parking Spaces: 8
- Zoning: MIXED USE
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Private,Driveway,Private Garage,Parking Lot,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $5,786
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
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- in Taxes
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Questions About..
220 E Main St Palmyra, PA 17078
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