Montco Multifamily & Retail April-09

8/14/2019 Montco Multifamily & Retail April-09

1/8


2/8

Property For SaleJoseph Leone (610) 551-5830 [email protected]

Keller Williams Realty Group

Page 2 of 8 Created: 4/30/2009LoopNet, Inc. Copyright 1995 - 2009This information comes from users and sources believed to be reliable, but is not guaranteed.

Royersford Plaza - 125 North Lewis Road, Royersford, PA 19468

Property Type: RetailFree Standing Bldg

Building Size: 7,000 SF

Price: Not DisclosedOccupancy: 54%LoopNet ID: 16189953Status: Active

http://listing.loopnet.com/16189953

Property Description:Great Retail Space Available on busy Main Street in Royersford Near McDonalds, Family Dollar, New Rite Aid and New Advance Auto

304 W Logan Street - Norristown, PA 19401Property Type: Retail

Retail (Other)Price: $200,000LoopNet ID: 16189570Status: Active


Property Description:Just under one half acre (.44 acre) lot zoned CR

Free Standing Former Bank Branch w/Drive-Thru - 1450 E. High Street, Pottstown, PA 19464



Price: $795,000Price/SF $180.68LoopNet ID: 16185162Status: Active


Property Description:Equity Retail Brokers is pleased to be the exclusive listing broker for the former Harleysville National Bank branch at 1450 E. High Street in Pottstown,PA. Property Details & Highlights: - Free Standing Building with Drive-Thru - 4,400 SF +/- Building on 0.35 acres +/- - 17 Parking Spaces - Ideal use for aBank, Restaurant, Pizzeria, Retail, Office, or Medical Office


3/8


4/8




Pearl Street - Rooming Houses - 212 Pearl Street, Norristown, PA 19401

Property Type: MultifamilyDuplex/Triplex/Fourplex

No. Units: 2Building Size: 4,000 SF

Price: $350,000Price/Unit: $175,000.00Cap Rate: 12.00%Occupancy: 100%LoopNet ID: 16177592Status: Active


Property Description:(2) Legal boarding room houses with a total of (13) rooms. Units are located two doors away from each other. 212 Pearl Street and 218 Pearl Street.Rooms are all occupied. Gross income of $62,400 annually. Renovations completed on units including an additional bathroom. This is a cash-cow!Complete accounting records are available. See attached income statement

71-79 E Butler Avenue - Ambler, PA 19002

Property Type: RetailStreet Retail


Price: $2,550,000Price/SF $145.71Cap Rate: 9.30%Occupancy: 95%

LoopNet ID: 16165283Status: Active


Property Description:Current NNN Cashflow $216,665/year, with built in rent escalations. This property was gutted and completely renovated in 2008. The currentconfiguration includes four retail storefronts facing E Butler Avenue, Two second floor suites leased to a real estate company 3D Fitness and two suiteswith loading docks facing the rear of the building. The 8 existing leases have staggered expirations and annual rent increases.

NNN Investment Property Philadelphia Pep Boys - 901 North Wales Road, North Wales, PA 19454

Property Type: RetailRetail Pad

Building Size: 20,529 SF Year Built: 1982

Price: $5,858,783Price/SF $285.39Cap Rate: 7.50%Occupancy: 100%LoopNet ID: 16165188Status: Active


Property Description: Absolute NNN With No Landlord Responsibilities and located along the main retail corridor. Nearby properties include Lowe's, Home Depot, Petco,Borders, Toys R us and Best Buy. The store was Renovated in March 2005.


5/8




1325 W. Airy Street - Norristown, PA 19401


Building Size: 3,500 SF Year Built: 1960

Price: $1,350,000Price/SF $385.71LoopNet ID: 16162928Status: Active


Property Description:Freestanding Commercial/Retail building with signage on oversized lot. Perfect for bank, fast food, auto part 25,000 cars/ day

Willow Hill Apartments - 409 N. Easton Rd, Willow Grove, PA 19090Property Type: Multifamily

Garden/Low-RiseNo. Units: 70Building Size: 62,150 SF

Price: $6,495,000Price/Unit: $92,785.71Cap Rate: 8.07%GRM: 9.68Occupancy: 100%LoopNet ID: 16159819Status: Active


Property Description:

Well maintained, fully rented suburban apartment complex on main highway. 64 two bedrooms, 1 bath units PLUS 4,000 SF professional office building,coin-operated laundry.

1134 Easton Road - Abington, PA 19001



Price: $249,900Price/SF $92.56LoopNet ID: 16152823Status: Active


Property Description: An opportunity you cant pass up! Own your business, collect rent from 2 studio apartments already leased with $1150 monthly income. The 900 sf mainbuilding has recently been renovated with 9' ceileings, high -hats and fresh paint. A large picture window brings in sunlight for your business or office.Includes full basement.


6/8




6 Neighboring Retail, Office and Apartments Bldgs - 309 York Road, Jenkintown, PA 19046

Property Type: RetailStreet Retail


Price: $5,000,000Price/SF $71.86Cap Rate: 12.01%Occupancy: 63%LoopNet ID: 16152441Status: Active


Property Description:This investment opportunity is comprised of 6 separate buildings totaling 69,579 square feet and leased to 17 tenants. Current occupancy is 63%including a vacant former Buca di Beppo restaurant. All the buildings have been remodeled within the last 9 years as part of a revitalization of thedowntown area. Included in this sale are retail, professional office and several apartment tenants. The borough of Jenkintown, a wealthy Philadelphiasuburb, has constructed a Town Square project with a redesigned municipal parking lot and public gathering area immediately behind and adjacent tothe subject properties. Municipal improvements include improved street landscaping, benches and cross-walks as well as a proposed 192 space parkinggarage across from the property on Greenwood Ave.

Amberley at Blue Bell - Unpriced Offering - 105 Amberley Drive, Blue Bell, PA 19422

Property Type: Multifamily

Garden/Low-RiseNo. Units: 119Building Size: 135,728 SF

Year Built: 2007

Price: Not Disclosed

LoopNet ID: 16150672Status: Active


Property Description: Amberley at Blue Bell Apartments is a 119-unit luxury multifamily community located in Blue Bell, Montgomery County, Pennsylvania. One and twobedroom units are offered in an attractive, well-located setting. The property features two story buildings throughout with a low maintenance brick andvinyl exterior. Community amenities include a clubhouse with fitness center, a community room and full kitchen, plus a tennis court and carports withstorage lockers. Unit amenities include a private entrance, nine-foot ceilings, coffered ceilings in the living room and master bedroom, a private patioor balcony, ceramic tile floors in each bath, a gas fireplace, fully equipped kitchens with GE appliances (Dishwasher, Disposal, built-in Microwave,

Refrigerator with ice maker), 42" cabinets, full size side-by-side washer & dryer, and ceiling fans in each room.


7/8




Cheltenham Auto - 1627 West Cheltenham, Elkins Park, PA 19027



Price: $900,000Price/SF $461.07Cap Rate: 6.00%Occupancy: 100%LoopNet ID: 16126551Status: Active


Property Description: Auto Repair shop with 1 acre lot on Cheltenham ave

101 E. High Street - Pottstown, PA 19464

Property Type: MultifamilyGarden/Low-Rise


Price: $1,100,000Price/Unit: $45,833.33Cap Rate: 7.48%LoopNet ID: 16121420Status: Active


Property Description:

-Rare Opportunity to Acquire 24 Units in Montgomery County -23 Apartments & 1 Retail / Office Space -Retail Tenant Has Been At This Location For 30+ Years -Strong Current CAP Rate (7.48%) -Renovations in 2005 include New Roof, New Cabinetry, and New Carpeting -Little, if any, DeferredMaintenance -Opportunity to Further Raise Rents Through Increased Marketing / Hands-On Management -Low Price Per Unit For more informationcontact Josh Brown @ 215-531-7000 ext. 7025

342 South Street - Pottstown, PA 19464

Property Type: MultifamilyDuplex/Triplex/Fourplex


Price: $215,000Price/Unit: $71,666.67LoopNet ID: 16115724Status: Active


Property Description:Investment Property. The property features 2 buildings. 1st unit of this front 3 unit building has large 2BR, possibly 3 w/large open attic, LR, DR, EIK,laundry, full bath, basement. This unit also has new heater, all new carpte, vinyl and fresh paint. 2nd unit has 2BR, LR, EIK, full bath, basement. Rear building has new roof, 2008. 1-2BR apt, store front and 3 garages for extra cash flow. All rented. Both the 2nd floor apartment and store front have longterm tenants in each unit. 100AMP electric service in each unit. Tenants pay their own heat & 4 units pay their own trash.


8/8




102 E Montgomery Ave - Ardmore, PA 19003Property Type: Retail

Free Standing BldgBuilding Size: 10,000 SF

Price: $5,250,000Price/SF $525.00LoopNet ID: 16094633Status: Active


Property Description:10,000 SF building on 1.5+ acres available for sale or lease Shadow anchored by Suburban Square Shopping Center Possible mixed-use developmentopportunity

Montco Multifamily & Retail April-09

Documents

Transcript of Montco Multifamily & Retail April-09