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220 E Main St
For Sale $430,000
$430,000
- 2 Units
- Unknown Sq Ft
- 12,632 Sq Ft
- Unknown Cap Rate
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!
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $430,000 |
| Property Type | Flex Space |
| Usable Sqft | Unknown |
| Number of Stories | 3 stories |
| Parking Spots | 0 spots |
| Year Built | 1940 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 1622913253575080000 |
| MLS # | PALN2024052 |
| Property ID | 321377545 |
| Lot Sqft | 12,632 |
| Zoning | MIXED USE |
| Total Units | 2 |
| Days on Market | 4 |
| Original List Price | Unknown |
| Date Updated | December 13, 2025 |
| Date Created | December 11, 2025 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Emily Graham an agent of .
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Data last updated: December 15, 2025.
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Robert Crawford
REAL ESTATE AGENT