For Sale
$425,000

232 Main StMercersburg, PA 17236

High-yield commercial & residential

Overview

Added:
Feb 3
Days on market:
60
This unique investment opportunity in historic Mercersburg, PA, presents a compelling blend of commercial and residential income streams. Located at 232 N Main Street, the property boasts 12,792 square feet on a 0.63-acre lot with excellent visibility and frontage on Route 16. The commercial space, occupying the first floor, offers ample retail or commercial space, complemented by substantial storage and warehouse areas in the rear. Currently leased with a tenant holding a two-year lease with annual increases, this space generates significant income. Above the commercial space, the second floor comprises two residential apartments occupied by long-term tenants, contributing further to the property's overall revenue generation. The gross annual income from the entire property exceeds $56,000. The property is divided into three separately parceled units: one commercial and two residential. This strategic configuration offers flexibility and potential for future development or expansion. The property's prime location and established income streams make it an attractive investment for discerning buyers seeking a diversified portfolio. While photos of the apartments are unavailable to protect tenant privacy, interested parties are encouraged to schedule a viewing to fully appreciate this exceptional opportunity. Further details are available upon request.

Property Details for 232 Main St

Property type
Mixed-use properties
Square Feet
12,792 SF
Year Built
1957
Lot Size (sq. ft)
27,443 SF

Location Insight

City
Mercersburg
County
Franklin
State
Pennsylvania
Latitude
39.83278
Longitude
-77.90445
232 Main St, Mercersburg, Pennsylvania

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232 Main St
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