Prime opportunity in the heart of Palmyra! This Mixed-Use Commercial property offers over 3,700 sq. ft. of adaptable space in a busy, high-visibility location ideal for investors, business owners, or those looking to maximize rental income. The main level (approx. 1,000 sq. ft.) is currently leased and operating as a salon ($2300 per month), providing steady income. The second floor features a well-kept 2 bedroom, 1 bath apartment, currently rented to excellent, timely tenants who would love to stay ($1200 per month). The third floor presents incredible potential. With two existing bedrooms (each with closets) and a large great room with vaulted ceilings, this level is ready to be finished into an additional unit. There is potential to add a separate private entrance from the exterior or extend access from the second level which will open the door for even more income opportunities. Recent updates include a new roof in 2023, along with a new hot water heater, windows and electrical panel installed in 2024. Outside, you’ll find ample parking and a detached garage that can be rented for supplemental revenue. Versatile, income-producing, and perfectly located—this is a standout investment in a thriving Palmyra area!
Excellent Investment or Owner-User Opportunity in Palmyra! Situated along a main corridor with prime visibility and easy access, this versatile multi-unit commercial property offers over 6,000 square feet of usable space and a variety of income-producing options. The first floor includes over 2,000 SF of commercial space, currently set up for a single tenant but easily reconfigured to accommodate two separate businesses. Ideal for retail, office, or service-based uses, the layout supports flexibility for future tenants or owner use. Located in the Central Business District, this zoning supports a wide range of daily and regularly needed services—making it attractive for long-term commercial occupancy. The upper floors feature three residential apartments, providing built-in rental income, while four garage or storage bays offer additional leasing potential or convenient storage. A dedicated parking lot adds value for both residential and commercial tenants. Whether you're an investor seeking a well-located, multi-use asset or an owner-occupant looking to operate your business while generating additional income, this property offers the space, location, and zoning flexibility to meet your needs. Whether you're an investor looking to expand your portfolio or a business owner seeking space with built-in rental income, this property offers flexibility, visibility, and value in a prime location.
Exceptional 2-Unit Duplex in Palmyra – 8.8% Cap Rate - Ideal for Investors or Owner-Occupants! Don't miss this fantastic opportunity to own a beautifully renovated, spacious 2-unit duplex in the heart of Palmyra! Whether you're looking for a prime investment property or a place to call home while generating rental income, this property delivers! Each 4-bedroom, 1.5-bath unit boasts a generous floor plan with modern updates throughout. Step inside to find stylish LVP flooring on the main level, brand-new carpeting in all bedrooms, and a fresh, neutral color palette that complements any décor. Thoughtfully designed for comfort and convenience, both units include a dedicated laundry room equipped with a folding table, utility sink, tankless hot water heater, and powder room. Unit 530 features custom Yorktowne oak cabinetry and sleek stainless steel appliances, while Unit 528 impresses with white soft-close cabinets, a subway tile backsplash, a stunning butcher block countertop, and a walk-in pantry—a dream for any home chef! Modern updates extend to the all-new plumbing and fixtures, upgraded 200-amp electrical panels, and efficient natural gas heating. Outside, the spacious backyard and side yard offer plenty of room to relax or entertain, while the two-story, two-car garage provides valuable storage, workspace, or additional rental income potential. Three off-street parking spaces next to the garage add even more convenience. With its prime location, stylish renovations, and multiple income streams, this Palmyra duplex is a must-see. Don’t miss your chance to make this property yours! Schedule your showing today!
Palmyra is located in Pennsylvania. Palmyra, Pennsylvania has a population of 7,750. Palmyra is less family-centric than the surrounding county with 25.83% of the households containing married families with children. The county average for households married with children is 28.25%.
The median household income in Palmyra, Pennsylvania is $56,124. The median household income for the surrounding county is $66,164 compared to the national median of $69,021. The median age of people living in Palmyra is 34.2 years.
The average high temperature in July is 84.6 degrees, with an average low temperature in January of 21.4 degrees. The average rainfall is approximately 42.6 inches per year, with 25 inches of snow per year.
