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232 N Main St 12,792 SF 100% Leased Retail Building Mercersburg, PA 17236 $398,000 ($31.11/SF)
Investment Highlights
- Situated in the heart of Mercersburg
- Close proximity to parks, schools, and cultural attractions, enhancing the quality of life.
- Providing easy access to local shops, restaurants, and community amenities.
- Within close proximity to US Route 11, I-81 and Route 416.
Executive Summary
Exceptional mixed-use investment opportunity in the heart of downtown Mercersburg! This well-maintained, fully occupied property generates over $62,000 in annual gross income and offers a strong blend of stability and future potential. Ideally positioned along Route 16 with convenient access to Interstate 81, 522, 75 and the PA turnpike - the location provides outstanding visibility and accessibility for both commercial and residential tenants. 232 N Main features a long-standing commercial tenant on the first floor along with two upper-level residential apartments, all occupied by long-term tenants. A rare opportunity to acquire a turnkey income-producing property in a thriving small-town setting with excellent commuter access and consistent occupancy history.
Financial Summary (Pro Forma - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
12,792 SF
Building Class
C
Year Built
1957
Price
$398,000
Price Per SF
$31.11
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.48
Lot Size
0.61 AC
Zoning
CC - Building zoning is commercial, separate lots are residential.
Parking
9 Spaces (0.7 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Total Assessment | $38,280 (2026) | |
| Land Assessment | $3,100 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $35,180 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$3,100 (2026)
Improvements Assessment
$35,180 (2026)
Total Assessment
$38,280 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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232 N Main St
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