7801 Montgomery Ave - Storefront Retail/Office FOR SALE


Elkins Park, PA 19027
$589,999 USD
267-435-8015
7801 Montgomery Ave, Elkins Park, PA for Sale
$589,999 USD
Storefront Retail/Office - FOR SALE
1/47
null | 6.72% Cap Rate

7801 Montgomery Ave
Elkins Park, PA 19027


HIGHLIGHTS

  • This mixed-use property is income producing with two apartment units fully occupied.

OVERVIEW

Mixed-use space at a 6.72% cap rate with an expansive commercial unit on the 1st floor and two fully-occupied apartments on the 2nd floor. The commercial space was once home to a renowned hair salon but is now ready for its new owners and endless possibilities. With the building located steps away from the Elkins Park train station and the abundance of street parking, your business will allow customers and employees to come and go with ease. The first floor is currently one large open floor plan with a single wall to create a separation, 4 smaller rooms, a utility area, laundry room, and 1.5 bathrooms. Floor plans are available. You can also access the basement from 2 different points. And with its 9’8ft ceilings and three magnificent floor to ceiling windows, this is anything but an average commercial space. For convenience there is a separate entrance to the apartments on the 2nd floor. Upstairs is a 1 bedroom 1 bathroom apartment ($950/mo) and a 3 bedroom 1 bathroom apartment ($2,000/mo). Tenants pay for gas/electric. Owner pays water. And both tenants are currently on a month to month lease but would like to stay and are happy to sign a one-year lease with the new owners. Both apartments are equipped with new forced air heating (gas) and cooling (2023). The 3 Bedroom unit was renovated in 2023 with new flooring, new kitchen, and a new back deck. All new HVAC ductwork in the commercial space (2024). Roof was re-done in 2022. There are 4 parking spots in the rear of the building. The commercial unit has 2 parking spots and each apartment comes with 1 parking spot.

FOR SALE DETAILS

PRICE

$589,999 USD

PRICE/SF

$114 USD /SF

CAP RATE

6.72%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1870

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,624 SF

ZONING

R5

APN/PARCEL ID

31-00-19207-004

ASK ABOUT THIS PROPERTY

Emily TerpakCOMPASSMore Info
267-435-8015

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Emily TerpakCOMPASSMore Info
267-435-8015

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