220 E Main St

Highlights:

• Days on Market: 5
• Parking Features: Private
• Heating: Baseboard - Hot Water

Description:

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!

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Listing ID: 804361292868