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1180 Easton Rd 23,442 SF 91% Leased Retail Building Abington Township, PA 19001 $2,400,000 ($102.38/SF) 15.00% Cap Rate
Investment Highlights
- Prime Location & Size: Over 23,000 square feet of space on a busy Easton high traffic road, with parking for about 40 vehicles on 1.2 acres.
- Tenant-Paid Utilities: Tenants are responsible for their own gas and electric, making it ideal for a business owner occupant or an investor.
- Mixed-Use Property: 6 commercial units (2 rented) and 4 fully occupied residential units, all with rear entrances and basements.
- Excellent Public Transport Access: SEPTA bus at the front door and Roslyn commuter train station just two blocks away.
Executive Summary
Introducing a distinguished addition to the market, this expansive 23,000 square-foot property presents a unique investment opportunity in a thriving business locale. Set on a generous plot of over 1.2 acres, the estate boasts a compelling mix of commercial and residential units, creating a dynamic portfolio for the discerning investor.
Featuring six commercial spaces, each unit provides ample square footage, modern amenities, and flexible floor plans to accommodate a variety of business operations from retail to professional services. These spaces are designed with functionality and accessibility in mind, ensuring that tenants can optimize their customer experience and operational efficiency.
Adding to its allure, the property includes four residential units, offering a convenient live-work synergy and a steady income stream. Each residence has been crafted to appeal to modern tenants, with contemporary finishes, thoughtful layouts, and privacy from the commercial bustle.
Strategically situated to maximize visibility and access, the site is an established business hub, drawing consistent foot traffic and offering plentiful parking. The substantial acreage allows for potential expansion or customization, making this an ideal canvas for further development.
Featuring six commercial spaces, each unit provides ample square footage, modern amenities, and flexible floor plans to accommodate a variety of business operations from retail to professional services. These spaces are designed with functionality and accessibility in mind, ensuring that tenants can optimize their customer experience and operational efficiency.
Adding to its allure, the property includes four residential units, offering a convenient live-work synergy and a steady income stream. Each residence has been crafted to appeal to modern tenants, with contemporary finishes, thoughtful layouts, and privacy from the commercial bustle.
Strategically situated to maximize visibility and access, the site is an established business hub, drawing consistent foot traffic and offering plentiful parking. The substantial acreage allows for potential expansion or customization, making this an ideal canvas for further development.
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
23,442 SF
Building Class
C
Year Built
1925
Price
$2,400,000
Price Per SF
$102.38
Cap Rate
15.00%
NOI
$360,000
Percent Leased
91%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.45
Lot Size
1.21 AC
Zoning
F1 - Mixed Use
Parking
40 Spaces (1.71 Spaces per 1,000 SF Leased)
Frontage
Amenities
- 24 Hour Access
- Bus Line
- Commuter Rail
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Storage Space
- Monument Signage
Moderately walkable
70/100
Moderately drivable
60/100
Good public transit
60/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 30-00-13950-006 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $933,510 |
Property Taxes
Parcel Number
30-00-13950-006
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$933,510
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1180 Easton Rd
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