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Key Details
Sold Price $490,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Subdivision Elkins Park
MLS Listing ID PAMC2024874
Sold Date 03/14/22
Originating Board BRIGHT
Year Built 1870
Annual Tax Amount $11,674
Tax Year 2022
Lot Size 9,756 Sqft
Acres 0.22
Lot Dimensions 53.00 x 0.00
Property Description
This is the perfect opportunity to own a terrific mixed-use property in the community of East Ekins Park district. This prominent building boasts over 5,000 square feet of space situated on a highly visible corner lot providing great exposure. The building currently houses two apartments and an expansive first floor commercial space with private rooms, bathrooms and topped off by the main area showcasing floor to ceiling French style windows. There is a private gated parking lot just behind the building. The Township of Cheltenham zoning allows for many uses including studios for dance, art, music and yoga, not to mention professional and medical offices. Maybe you would prefer the option of converting the commercial space into additional apartments? The possibilities for the property are endless. Other noteworthy details include walkable community, short walk to the Elkins Park Septa train station and bus stop, High School Park and the local businesses in the Village area. What a great opportunity for an owner-occupant or for an investor looking for an income producing property.The commercial space was formally a well-established luxury hair salon and spa and prior to that a restaurant. The second story consists of two apartments with a private entrance. The expansive three-bedroom apartment showcases spacious rooms including a large living room, formal dining room, kitchen and a private deck. The one-bedroom apartment has been updated and includes a washer/ dryer in the unit and is currently tenant occupied. The massive basement with private entrance offers an abundance of space for storage and other possible uses.
Location
State PA
County Montgomery
Area Cheltenham Twp (10631)
Zoning MIXED USE
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Window Unit(s), Central A/C
Heat Source Natural Gas, Oil
Exterior
Garage Spaces 6.0
Water Access N
Roof Type Slate,Tar/Gravel,Shingle
Accessibility None
Total Parking Spaces 6
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Cheltenham
Others
Tax ID 31-00-19207-004
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Stephanie Hall • Keller Williams Real Estate - Media