232 N Main St
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232 N Main St
12,792 SF 100% Leased Flex Building Mercersburg, PA 17236 $425,000 ($33/SF) 9.21% Cap Rate
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
Unique investment opportunity in historic Mercersburg. This offering is a special bundle - one commercial property with a gross annual income of over $52,000 and two residential lots. Each is parceled separately. With great visibility and frontage on Route 16 - 232 N Main offers commercial / retail space on the first floor complete with storage and warehouse area to the rear, and two residential apartments on the second floor. The first floor tenant has two years left on the lease, with a scheduled increase each year, the residential tenants are long term. Please call for more information. No photos of the apartments have been shared to respect tenant privacy.
Financial Summary (Actual - 2023) 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
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023) 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 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $425,000 | Lot Size | 0.15 AC |
| Price Per SF | $33 | Rentable Building Area | 12,792 SF |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 9.21% | Year Built | 1957 |
| Property Type | Flex | Parking Ratio | 0.7/1,000 SF |
| Property Subtype | Light Manufacturing | No. Drive In / Grade-Level Doors | 1 |
| Building Class | C |
| Price | $425,000 |
| Price Per SF | $33 |
| Sale Type | Investment |
| Cap Rate | 9.21% |
| Property Type | Flex |
| Property Subtype | Light Manufacturing |
| Building Class | C |
| Lot Size | 0.15 AC |
| Rentable Building Area | 12,792 SF |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 0.7/1,000 SF |
| No. Drive In / Grade-Level Doors | 1 |
Amenities
- Signage
Utilities
- Lighting - Fluorescent
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
1 of 1
PROPERTY TAXES
| Parcel Number | 14-3A12-026-000000 | Improvements Assessment | $35,180 (2024) |
| Land Assessment | $1,800 (2024) | Total Assessment | $36,980 (2024) |
PROPERTY TAXES
Parcel Number
14-3A12-026-000000
Land Assessment
$1,800 (2024)
Improvements Assessment
$35,180 (2024)
Total Assessment
$36,980 (2024)
zoning
| Zoning Code | CC (Building zoning is commercial, separate lots are residential.) |
| CC (Building zoning is commercial, separate lots are residential.) |
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232 N Main St
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