1 Londonderry SqPalmyra, PA 17078

Property Details for 1 Londonderry Sq

Year built

2002

Lot size

1.60 AC

Property size (Sq ft)

8,848 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

28-2297262-361197-0000

APU

2822972623611970000

Description

1 North Londonderry Square in Palmyra, Pennsylvania offers a prime retail opportunity totaling 8,239 square feet. This free-standing building boasts excellent visibility and accessibility, situated along Route 422, a major thoroughfare with a daily traffic count of 18,000 vehicles. The property features ample parking for customer convenience and prominent pylon signage for enhanced brand recognition. Currently, there are two available retail spaces, one measuring approximately 1,924 square feet and the other approximately 2,455 square feet. The spaces are adaptable and can potentially be subdivided to suit specific tenant needs. The building benefits from its location within a strong retail market, complemented by the presence of national tenants in the immediate vicinity. This location in Lebanon County offers a unique chance for businesses to establish a presence in a high-traffic area with excellent exposure and convenient access. The property is located at 1 North Londonderry Square, Palmyra, PA 17078. A total of 6,127 square feet is currently vacant. This presents a rare opportunity for retailers seeking a high-impact location in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,365,689

  6.5%

  $1,260,636

  7%

  $1,170,590

• Comparable approach

  Method

  Valuation

  Relative Method

  $678,460

  Geo Method

  $556,628

• Alternative Use

  Use

  Valuation

  Residential

  $1,563,188

  Hospitality

  $1,431,872

  Educational

  $1,191,301

  Medical

  $1,232,272

  Retail

  $1,853,135

Location Insight

City

Palmyra

County

Lebanon

State

Pennsylvania

Latitude

40.3188

Longitude

-76.571

CBSA code

30140

CBSA name

LEBANON, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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