For Sale
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311 Baltimore AveMedia, PA 19063

Prime Media, PA Office/Retail Investment

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional Class A mixed-use property, located at 311 E. Baltimore Ave in Media, Pennsylvania, presents a unique investment opportunity. The 26,744 square foot building, constructed in 2003 with renovations completed in 2011, boasts a desirable location in the heart of Media Borough, Delaware County's county seat. Currently 100% occupied by three tenants – two retail spaces on the ground floor and a single office tenant occupying the entire second and third floors – the property generates a strong net operating income (NOI) of approximately $450,000. The building features 22,460 square feet of net rentable space, spread across three stories, with two elevators and multiple bathrooms on each floor. The 0.59-acre lot includes 34 parking spaces, a covered parking area, a convenient loading platform, and a rooftop deck. The property benefits from high visibility on Route 1 (Baltimore Ave) and is within walking distance of numerous restaurants, coffee shops, the courthouse, and other shopping amenities. This sale/leaseback opportunity is ideal for an owner-user seeking to relocate their business or for an investor looking for a strong, stable income stream. The existing office tenant offers a potential three-year leaseback option, providing flexibility for the new owner. The property is zoned HBO.

Highlights

  • Excellent owner-user opportunity or 1031 exchange investment.
  • Fully leased with three tenants: two ground-floor retail and one office tenant occupying the entire second and third floors.
  • Current NOI: approximately $450,000.
  • Second and third-floor office space available for owner-occupancy or a three-year leaseback.

Property Details for 311 Baltimore Ave

Property type
Mixed-use properties
Square Feet
26,744 SF
Class
A
Year Built/Renovated
2003/2011
Buildings
1
Stories
3
Lot Size (sq. ft)
25,700 SF

Location Insight

City
Media
County
Delaware
State
Pennsylvania
Latitude
39.91604615768
Longitude
-75.383702040648
311 Baltimore Ave, Media, Pennsylvania

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311 Baltimore Ave
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