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Key Details
Sold Price $600,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 7,000 sqft
Price per Sqft $85
Subdivision Elkins Park
MLS Listing ID PAMC696566
Sold Date 03/21/22
HOA Y/N N
Originating Board BRIGHT
Year Built 1940
Annual Tax Amount $22,418
Tax Year 2021
Lot Size 10,318 Sqft
Acres 0.24
Lot Dimensions x 0.00
Property Description
excellent opportunity to own a retail/office building in the heart of Elkins Park's busy business district. The 2700sf first floor is currently leased for $3,300. and the 2nd floor is the lease for $2,000 on the unit and other units owner-occupied. This building with possibly over $7000 per month of cash flow assuming 3rd unit leased out. The 4000sf 2nd floor is currently occupied by Paragon Homer Care Inc. and owner-occupied Architect office with elevator and 2 separate stairs to the street level. All newly rehabbed each with multiple private offices, reception, and bathrooms. The is parking in the rear of the building, a driveway, parking at the office building behind, meter parking on the side of the building, and a public parking lot across the park. We have a lease agreement with the office building next door for 25 spaces on Friday and the weekend. This is can be any retail, restaurant, multiple offices, daycare, etc. All units can be shown from 9-4 pm. Welcome to schedule your showing.
Location
State PA
County Montgomery
Area Cheltenham Twp (10631)
Zoning C3
Interior
Hot Water Electric
Heating Heat Pump(s)
Cooling Central A/C
Flooring Carpet, Hardwood
Heat Source Electric
Exterior
Garage Spaces 41.0
Water Access N
Accessibility 36\"+ wide Halls, Elevator
Total Parking Spaces 41
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Cheltenham
Others
Tax ID 31-00-30071-003
Ownership Fee Simple
SqFt Source Assessor
Security Features Security System,Surveillance Sys
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Nelson Sinanaj • RE/MAX Affiliates