640 W Main St - Auto Repair FOR SALE


Palmyra, PA 17078
$685,000 USD
717-761-4800
640 W Main St, Palmyra, PA for Sale
$685,000 USD
Auto Repair - FOR SALE
1/11
null | Request Cap Rate

640 W Main St
Palmyra, PA 17078


OVERVIEW

For Sale - 3600 SF of retail located on heavily traveled route 422. Over 20,000 daily vehicle count. Current Tenant is an established auto repair business with gross rent at $48000. New Owner would have the right to terminate the current lease with 180-day notice to Tenant and occupy the whole property if needed. Highway commercial zoning allows for a multitude of retail or office uses. Possibility for indoor rec, salon, flex, light manufacturing and more. Versatile layout would allow for multiple Tenants making this a great option for an owner user that wants to have its mortgage covered by the current Tenant or an investor that wants to place multiple Tenants and increase cash flow further. Brand new HVAC and newer roof. Property is in excellent condition. One vehicle lift is included in sale. Ample parking with 27 spots and rear alley access. Approximately 400 SF of bonus lofted space that could be used as additional storage, office or other business needs.

FOR SALE DETAILS

PRICE

$685,000 USD

PRICE/SF

$190 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,166 SF

ZONING

Retail-Office Commercial

APN/PARCEL ID

16-2287833-355288-0000

ASK ABOUT THIS PROPERTY

Josh MumawColdwell Banker Commercial RealtyMore Info
717-761-4800

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Josh MumawColdwell Banker Commercial RealtyMore Info
717-761-4800

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.