Thank you
Jason Shay
Iron Valley Real Estate
717-769-2986
Excellent investment opportunity with 2 buildings on one parcel in Palmyra Borough. Very close to Hershey! Current zoning is residential however it is approved for use for personal services (i.e. barber and beauty or tanning salons; dry-cleaning and laundry pickup/dropoff facilities; music, art or photographic studios and repair of clocks, electronics, computers and small appliances). The front building is approximately 700 sq ft and a 2 year commercial lease was signed with a hair salon beginning October 1st,2023. Rental income is $950/mo for the first 9 months and then it will automatically increase to 1,100 a month. There are 6 parking spots in the small lot with the salon. The back building is approximately 1800 sq ft and is set up with 7 suites, a laundry room, and bathroom and is currently vacant. Change of use may be possible with an approved application through the Palmyra Borough. Don't delay, schedule your appointment to view today!
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Water Source : Public
Roof : Metal
Metal
Cooling: Central A/C,Window Unit(s)
Heating: Forced Air
Cooling Fuel: Electric
Heating Fuel: Natural Gas
Year Built: 1935
Structure: Detached
New Construction: No
Total Units: 2
Built: 1935
Construction Material: Vinyl Siding
Roof: Metal
Foundation/Basement: Permanent
Architecture: Cape Cod,Ranch/Rambler
Pool/Private: No Pool
Roof Type: Metal
Pool: No Pool
Sewer: Public Sewer
Water Heat: Electric
Lot Size: 13,068
Lot Size (Acres): 0.30
Architectural Style: Cape Cod,Ranch/Rambler
Main Square Feet: 13,068
SQ ft: 2,600
SQ ft (Living Area): 2,600
Total Lot SQ ft: 13,068
Total Acreage: 0.30
New Construction: No
Type: Cape Cod,Ranch/Rambler
Possession: Settlement,Subject to Existing Lease
Days Of Market: 194
Annual Tax: $3,376
Tax Year: 2023
Total Taxes Payment Frequency: Annually
Settlement,Subject to Existing Lease
Taxes Assessment Amount: $129,200
Parking Type: Off Street,Parking Lot
Has Garage: N
Roof: Metal
Direction: Headed west on 422 at the square in Palmyra, turn right onto Railroad St. Property will be on the right hand side.
School District: PALMYRA AREA
Water Source: Public
Sewer: Public Sewer
Cooling Fuel: Electric
Heating Fuel: Natural Gas
Hot Water: Electric
Direction: Headed west on 422 at the square in Palmyra, turn right onto Railroad St. Property will be on the right hand side.
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
148 Hummingbird Way , Palmyra, PA,17078 | $1,525,000 | 4 | 3.5 | -- | 81457.2 Sqft |
75 Cortland Crossing , Palmyra, PA,17078 | $369,175 | 3 | 2.5 | -- | 4356 Sqft |
77 Cortland Crossing , Palmyra, PA,17078 | $362,175 | 3 | 2.5 | -- | 3049.2 Sqft |
79 Cortland Crossing , Palmyra, PA,17078 | $362,175 | 3 | 2.5 | -- | 3049.2 Sqft |
81 Cortland Crossing , Palmyra, PA,17078 | $362,175 | 3 | 2.5 | -- | 3049.2 Sqft |
Airport Road And South .., Palmyra, PA,17078 | $1,775,000 | -- | -- | 823,284 | 823284 Sqft |
LOT 6 Mockingbird , Palmyra, PA,17078 | $164,900 | -- | -- | 46,609 | 46609.2 Sqft |
LOT 14 Mockingbird Lane , Palmyra, PA,17078 | $204,900 | -- | -- | 49,223 | 49222.8 Sqft |
LOT 25 Hummingbird Way , Palmyra, PA,17078 | $199,900 | -- | -- | 46,609 | 46609.2 Sqft |
1876 Creek View Drive , Palmyra, PA,17078 | $629,000 | 6 | 3.5 | -- | 12197 Sqft |
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ByOwner last updated this listing 04/28/2024 @ 03:57
MLS: PALN2011710
LISTED BY: Jason Shay , Iron Valley Real Estate
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.