1020 Lincoln Ave - Storefront Retail/Residential FOR SALE


Prospect Park, PA 19076
$675,000 USD
215-816-5835
1020 Lincoln Ave, Prospect Park, PA for Sale
$675,000 USD
Storefront Retail/Residential - FOR SALE
1/27
null | Request Cap Rate

1020 Lincoln Ave
Prospect Park, PA 19076


HIGHLIGHTS

  • Located on heavily traveled Route 420
  • Building has great bones and has been well maintained over the years
  • Excellent demographics
  • Easy access to the entire Delaware Valley and Southern New Jersey
  • The Septa Moore -Prospect Park train stop is directly across the street

OVERVIEW

This former bakery, now bank owned, which had been in business at this location for 50+ years - occupied the first floor of this (+/-) 5,600 SF free, stand alone building on the heavily traveled Route 420 which is the main street for Prospect Park with 15,659 +/- ADT and 26,916 ADT on Chester Pike. The Building has great bones and has been well maintained over the years. There are also two residential apartments on the 2nd floor – currently vacant. Both have two bedrooms and are in good condition. Excellent demographics – Population of 128,074 within a 3-mile radius and an average household income of $103,620. This property is just off Route 95 and Route 476 and has easy access to the entire Delaware Valley and Southern New Jersey. Most of the tenants that have occupiedthe apartments in the past are airline pilots and airport employees since it is also within minutes of the Philadelphia Airport. The Septa Moore-Prospect Park train stop is directly across the street. The property sits in the C-1 zone which has a number of attractive permitted uses in the retail and professional office categories. There is the possibility for a real estate property tax appeal.

FOR SALE DETAILS

PRICE

$675,000 USD

PRICE/SF

$120 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

C-1

APN/PARCEL ID

33-00-00920-00

ASK ABOUT THIS PROPERTY

Craig Fernsler, CCIMKW CommercialMore Info
215-816-5835

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Craig Fernsler, CCIMKW CommercialMore Info
215-816-5835

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.