Discover this versatile mixed-use corner property situated on a quiet street in Palmyra, New Jersey—a fantastic investment with strong income potential! The first floor is currently occupied by a funeral home, providing stable commercial tenancy, while the top two residential units each offer 2 bedrooms and 1 full bathroom, making them highly desirable rental units. This property features ample parking, including a spacious driveway, a 2-car garage, and additional street parking. Investors will appreciate the strong cap rate, ensuring great returns on investment. Conveniently located with easy access to major highways, shopping, and public transportation, this is an opportunity you don’t want to miss! Schedule your showing today and explore the potential of this high-performing mixed-use property!
Palmyra is located in New Jersey. Palmyra, New Jersey has a population of 7,429. Palmyra is less family-centric than the surrounding county with 22.32% of the households containing married families with children. The county average for households married with children is 32.09%.
The median household income in Palmyra, New Jersey is $78,736. The median household income for the surrounding county is $95,935 compared to the national median of $69,021. The median age of people living in Palmyra is 40.9 years.
The average high temperature in July is 87.3 degrees, with an average low temperature in January of 25.2 degrees. The average rainfall is approximately 47.9 inches per year, with 12.5 inches of snow per year.
