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500 W Germantown Pike 4,000 SF 70% Leased Retail Building Lafayette Hill, PA 19444 $795,000 ($198.75/SF)
Investment Highlights
- Added value property
- Owner occupy plus rental income
- High exposure corner location
Executive Summary
Lafayette Hill be the first to see this first time offered property on prime corner location. Retail or office space is currently vacant but there is a option to lease. Apartments are a 2 bedroom bi-level, 1 bedroom 1st floor unit, efficiency 1st floor unit, and a 2nd floor 1 bedroom unit. Each apartment has its own separate entrance. Some utilities are separate but not all. Parking lot for 8 cars. Rents are low and the apartments need TLC so you will need to roll up your sleeves on this one. Similar properties in this market have sold for over $900,000 so this is a value added property.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Deferred Maintenance
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,000 SF
Building Class
C
Year Built
1900
Price
$795,000
Price Per SF
$198.75
Percent Leased
70%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.48
Lot Size
0.19 AC
Zoning
VC1 - Village commercial zoning. Go to whitemarshtwp.org to check zoning.
Frontage
50’ on Germantown Pike
Amenities
- Corner Lot
- Signage
- Wheelchair Accessible
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 65-00-04606-009 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $183,840 |
Property Taxes
Parcel Number
65-00-04606-009
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$183,840
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500 W Germantown Pike