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650 E Broad St 2,370 SF 100% Leased Retail Building Souderton, PA 18964 $559,000 ($235.86/SF)



Investment Highlights
- Located in bustling, high traffic area of focus for Souderton as they work on their Economic Revitalization Plan.
Executive Summary
650 E. Broad Street is located in the heart of an extremely up and coming area of Souderton, PA. The property is in a bustling, high traffic area near the intersection of Hwy. 113 (E. Broad Street) and Hwy. 309 (Sellersville Bypass). Currently vacant, the building and lot could be easily reconfigured to suit many needs. Prior to our acquisition of this property in 2021, it was used as a dentist’s office and is broken into several small rooms/offices throughout. It is a ranch style building that has 3 entrances (including handicap accessible). There is parking along the street where you pull in, as well as at the back of the property (12 spaces total). The building is approximately 1,800SF and the total lot is approximately .72 acres. The Borough of Souderton (in the midst of a major Economic Revitalization Plan) is a very walkable and charming borough accented by more than 140 businesses, including eateries, art galleries, theaters, retail stores and community parks. Souderton has the feel of a quaint and charming town with the conveniences and accessibility of an urban center. One of the biggest and most exciting developments happening currently (just across the street from our property) is the $40milion 20-acre walkable village of Town Gate Commons, which is in the final phase, and will bring 140 residential townhomes as well as dining, retail, a public plaza, patio, park and an outdoor amphitheater.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,370 SF
Building Class
C
Year Built
1950
Price
$559,000
Price Per SF
$235.86
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.07
Lot Size
0.76 AC
Zoning
C1 - Commercial
Parking
12 Spaces (5.06 Spaces per 1,000 SF Leased)
Frontage
145’ on Route 113, East Broad St.
Amenities
- Wheelchair Accessible
Nearby Major Retailers
Property Taxes
| Parcel Number | 21-00-01028-004 | Improvements Assessment | $74,950 |
| Land Assessment | $170,320 | Total Assessment | $245,270 |
Property Taxes
Parcel Number
21-00-01028-004
Land Assessment
$170,320
Improvements Assessment
$74,950
Total Assessment
$245,270
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650 E Broad St
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