Property
Beds
2
Full Baths
None
1/2 Baths
None
Year Built
1940
Sq.Footage
3,726
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 additional income potential. With two existing bedrooms (each with closets) and a large great room with vaulted ceilings, this level is ready to be finished to turn the second unit into 4 bedrooms. 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!
Features & Amenities
Interior
-
Total Bedrooms
2
-
Bathrooms
N/A
-
Above Grade Finished Area
3726.0
-
Cooling YN
YES
-
Cooling
Ductless, Electric
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Natural Gas, Baseboard
-
Pet friendly
N/A
Exterior
-
Garage
Yes
-
Garage spaces
1
-
Construction Materials
Brick
-
Parking
Garage Door Opener, Private, Garage, Driveway, Parking Lot, Detached
-
Pool
Yes
-
Pool Features
None
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.29
-
Property Type
Residential Income
-
Property Sub Type
Duplex
-
Architectural Style
Traditional
Price
-
Sales Price
$430,000
-
Tax Amount
$5,786
-
Sq. Footage
3, 726
-
Price/SqFt
$115
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
3
-
Foundation Details
Concrete Perimeter
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
LEBANON
Elementary School
Middle School
High School
Listing Courtesy of Emily Graham , Contigo Real Estate
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Owner, President, Investment Property Advisor
Theresa Kehler
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