SQUARE FEET3,726
MLS#PALN2024082
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SCHOOLPALMYRA AREA
Property Description
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 additional income potential. With two existing bedrooms (each with closets) and a large great room with vaulted ceilings, this level is ready to be finished to turn the second unit into 4 bedrooms. 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!
Property Features
Property Type: Multi Unit - Multiple
Cooling: Ductless/Mini-Split
Fuel Type: Natural Gas
Garage: 1
Heating: Baseboard - Hot Water
Home Style: Traditional
Lot Size: 0.29 Acres
Taxes: $5,786
Year Built: 1940
Feature Descriptions
Accessibility: 2+ Access Exits, Ramp - Main Level
Additional Structures: Above Grade, Below Grade
Exterior: Brick
Flooring: Ceramic Tile, Laminate Plank
Lot Dimensions: 0.29 Acre(S)
Municipality: PALMYRA BORO
Parking Notes: Private
Sewer: Public Sewer
Structure Type: Detached
Total Garage/Parking Spaces: 1
Two Bedroom Units: 1
Units: 2
Water: Public
Local Schools
School District: PALMYRA AREA
Listed By / Shown By
Listed By
Agency Name: Contigo Real Estate
Agency Phone: 7178269758
Shown By
Agent Name: Alyce & Dick Page and Justin Leber Team
Agent Phone: (717) 873-8635
Agency Title: Berkshire Hathaway HomeServices Homesale Realty
First AmericanEstimate Your Payment
Estimated Payment
$ 1,564.58 per month $956.99 Principal & Interest $482.17 Property Tax $125.42 Homeowner's Insurance
Corporate Office - 215 S Centerville Rd. Lancaster, PA 17603
220 E Main Street | MLS# PALN2024082
This multi-family property located at 220 E Main Street, Palmyra, PA 17078 is currently listed for sale with an asking price of $430,000. E Main Street is located within the PALMYRA AREA school district. Search Palmyra real estate on www.yorkpahomefinders.com today.