1135 W Cheltenham Ave
Elkins Park, PA 19027
Office Property For Sale

Marcus & Millichap is pleased to present: 1135 W. Cheltenham Avenue, Melrose Park, 19027; a 3-story multi-tenant office building, located in Cheltenham Township. The property is situated on 1.04 acres of land and offers 16,550 square feet of gross office space. The building is historically 97%-100% occupied by a large mix of professional tenants providing any investor with an excellent opportunity. 1135 W. Cheltenham Avenue is strategically located at the hard corner of W. Cheltenham Avenue, which has high traffic counts of over 40,000 Vehicles Per Day (VPD), and Old York Road. The population within a 1-mile radius is 30,831, while the 3-mile population is at an astounding 302,085. The property is conveniently located less than ten miles from the Philadelphia Central Business District, as well as less than half a mile east of North Broad Street, providing easy access to Route 13 and Route 76. 1135 W. Cheltenham Avenue has been exceptionally maintained and provides professional curb appeal, high signage opportunity, and adequate parking. There are approximately 38 parking spaces, providing a parking ratio of 3.45 spaces per 1,000 square feet of rentable space. The office building was originally built in 1970 and has seen capital improvements, such as a brand-new HVAC system. There is a diverse tenant mix of professional tenants; including a chiropractor who recently made $300,000 of tenant build-out improvements, an insurance company, law firm, and several real estate groups. This office building is ideal to propel any business forward in a professional and productive work environment. The asset is easy to manage and typically has a long list of tenants looking to occupy the building; given the location, convenience, and overall condition of the property.