$557,000
$699,900
20.4%For more information regarding the value of a property, please contact us for a free consultation.
0.26 Acres Lot
SOLD DATE : 10/11/2016
Key Details
Sold Price $557,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Lafayette Hill
MLS Listing ID 1002395772
Sold Date 10/11/16
HOA Y/N N
Originating Board TREND
Year Built 1812
Annual Tax Amount $6,374
Tax Year 2016
Lot Size 0.258 Acres
Acres 0.26
Lot Dimensions 45
Property Description
Excellent investment opportunity! This 4 unit mixed use village commercial property is a combination of retail and office space ideally located in Lafayette Hill. The property consists of a 725 sq ft stand alone retail space with excellent exposure on Germantown Pike, 1,447 sq ft 1st floor office space, 838 sq ft 2nd floor office space and 3rd floor 2 bedroom apartment. This is a perfect investment for an owner who wishes to occupy a portion of the building and derive income from the remaining space. Pro forma capitalization rate is 8.5% for a pure investment play. Recent improvements to the interior exceeds $50,000 and the space is now ready for occupancy. The daily traffic count on Germantown Pike of 10,000-20,000 cars per day will provide excellent exposure for your business and Tenants. Box sign on roof. The property has plenty of on site parking in rear. It is located next to the Lafayette Hill Post Office and is less than 2 miles from the PA Turnpike for easy commuting. Close to shopping, Chestnut Hill and Philadelphia.,Lafayette Hill is a quaint community in Whitemarsh Township, Montgomery County in the Commonwealth of Pennsylvania. Lafayette Hill is located just west of Philadelphia's Chestnut Hill neighborhood, and south of Plymouth Meeting. Lafayette Hill draws its name from the French General Marquis de Lafayette, who stayed there during the American Revolution. Lafayette Hill is an affluent area with many parks and nature reserves. Additionally, it is a commuter town, as many individuals travel to Philadelphia for work every day. Its main transit system is SEPTA.
Location
State PA
County Montgomery
Area Whitemarsh Twp (10665)
Zoning VC1
Direction Northeast
Rooms
Other Rooms Primary Bedroom
Interior
Hot Water Electric
Flooring Tile/Brick, Carpet, Vinyl
Fireplace N
Exterior
Waterfront N
Water Access N
Roof Type Pitched,Shingle
Street Surface US Highway/Interstate
Accessibility Mobility Improvements
Road Frontage State
Parking Type None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Colonial
Others
Tax ID 65-00-04645-006
Ownership Fee Simple
Acceptable Financing Conventional, Lease Purchase
Listing Terms Conventional, Lease Purchase
Financing Conventional,Lease Purchase
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Bought with Michael S Choplin • RE/MAX Services
“Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”