Bought with Samantha Lee Miller • Mallin Panchelli Nadel Realty Inc
$600,000
$600,000
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2,614 Sqft Lot
SOLD DATE : 09/14/2026
Key Details
Sold Price $600,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PAMC2177042
Sold Date 09/14/26
Year Built 1947
Annual Tax Amount $10,620
Tax Year 2026
Lot Size 2,614 Sqft
Acres 0.06
Property Sub-Type Office
Source BRIGHT
Property Description
This commercial property, constructed in 1947, presents a unique investment opportunity for discerning investors seeking to capitalize on a below-average condition asset with significant potential for value enhancement. Situated on a compact 0.06-acre lot, this property is strategically located within a vibrant area, offering convenient access to essential transportation links, including an airport less than 10 miles away and a metro/subway station within 1 to 3 miles. Such accessibility is a key factor in attracting tenants and ensuring high occupancy rates. The building features durable cement siding and hardwood flooring, providing a solid foundation for renovation and modernization efforts. While the property is currently in below-average condition, this presents a prime opportunity for investors to implement strategic improvements that can significantly increase its market value and rental income potential. The existing structure allows for a variety of commercial uses, making it adaptable to changing market demands. Investors will benefit from the absence of association fees, allowing for greater flexibility in managing operational costs. The property is equipped with essential utilities, with the owner responsible for all utilities, personal property taxes, real estate taxes, and trash collection services. This straightforward expense structure simplifies financial forecasting and enhances the property's appeal to potential tenants. The surrounding area boasts a mix of commercial and residential developments, ensuring a steady flow of potential clientele. The proximity to major transportation hubs further enhances the property's attractiveness, making it an ideal location for businesses seeking visibility and accessibility. With the right vision and investment in renovations, this property has the potential to yield substantial returns. Investors can leverage the current market dynamics to reposition the asset, attract quality tenants, and achieve a favorable cash flow. The combination of location, accessibility, and the opportunity for value-add improvements makes this property a compelling addition to any investment portfolio. Seize this opportunity to invest in a property with untapped potential and position yourself for future growth in a thriving market.
Location
State PA
County Montgomery
Area Lower Merion Twp (10640)
Zoning COMMERCIAL
Interior
Hot Water Electric
Heating None
Cooling Central A/C
Flooring Hardwood
Equipment None
Heat Source Natural Gas
Exterior
Garage Spaces 2.0
Water Access N
Accessibility None
Total Parking Spaces 2
Garage N
Building
Sewer Public Sewer
Water Community
New Construction N
Schools
School District Lower Merion
Others
Tax ID 40-00-38264-009
Ownership Fee Simple
Acceptable Financing Cash, FHA, Seller Financing, Conventional
Listing Terms Cash, FHA, Seller Financing, Conventional
Financing Cash,FHA,Seller Financing,Conventional
Special Listing Condition Standard
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