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Adam Ferst

[email protected] +1(202) 421-5500

Listed by Mejire Arijaje • Elite Level Realty

$600,000

Est. payment - /mo

2,614 Sqft Lot

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UPDATED:

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

MLS Listing ID PAMC2177042

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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Nearby School & Business

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Adam Ferst

+1(202) 421-5500

Agent | RSRS325119

Agent RSRS325119

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350 MONTGOMERY AVE Merion Station, PA 19066

Adam Ferst

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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