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640 W Main St 3,600 SF Vacant Retail Building Palmyra, PA 17078 $685,000 ($190.28/SF)

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EXECUTIVE SUMMARY

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.

ATTACHMENTS

CBC - Brochure

PROPERTY FACTS Under Contract

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Repair
Building Size
3,600 SF
Building Class
C
Year Built
1960
Price
$685,000
Price Per SF
$190.28
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
0.44 AC
Zoning
Retail-Office Commercial - Highway Commercial
Parking
27 Spaces (7.5 Spaces per 1,000 SF Leased)

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Challenge Arcade
  • Arts, Entertainment, and Recreation
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Challenge Arcade Arts, Entertainment, and Recreation - $9.99 Lorem Ipsum Jan 0000

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
16-2287833-355288-0000
Land Assessment
$134,700
Improvements Assessment
$115,000
Total Assessment
$249,700
  • Listing ID: 36266761

  • Date on Market: 6/15/2025

  • Last Updated:

  • Address: 640 W Main St, Palmyra, PA 17078

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