0.29 Acres Lot
0.29 Acres Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PALN2024052
Year Built 1940
Annual Tax Amount $5,786
Tax Year 2025
Lot Size 0.290 Acres
Acres 0.29
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
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!
Location
State PA
County Lebanon
Area Palmyra Boro (13216)
Zoning MIXED USE
Interior
Hot Water Natural Gas
Heating Baseboard - Hot Water
Cooling Ductless/Mini-Split
Flooring Ceramic Tile, Laminate Plank
Heat Source Natural Gas
Exterior
Garage Spaces 8.0
Water Access N
Accessibility 2+ Access Exits, Ramp - Main Level
Total Parking Spaces 8
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Palmyra Area
Others
Tax ID 16-2291325-357508-0000
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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