For Sale
$3,990,000

1166-1188 Dekalb Pike Blue Bell Pa. 19422Blue Bell, PA 19422

Multi-tenant office building, value-add opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional commercial property, located at 1166-1188 Dekalb Pike in Blue Bell, Pennsylvania, presents a compelling investment opportunity. The complex comprises three buildings totaling 30,000 square feet on an expansive 88,000-square-foot lot. The main building, a three-story structure with a partial fourth floor, offers approximately 25,800 square feet of modern office space, served by an elevator. Floor plans are efficient, with the first floor encompassing roughly 7,200 square feet and the second and third floors each approximately 7,800 square feet. An additional 3,000 square feet of finished office space is available in the penthouse. Two single-story commercial buildings at 1188 Dekalb Pike complement the main structure. Currently, the property boasts twelve tenants, primarily franchisees, with a 37% occupancy rate and a modified lease structure allowing for 3-5% annual rent bumps. Built in 1972 with significant renovations in 1990, 2022, and 2023, the property is classified as Class B and zoned for commercial office and retail use. The asking price is $3,990,000, translating to $133 per square foot. Ample surface parking is available, and the property is beautifully landscaped. This multi-tenant, value-add investment presents significant potential for increased revenue and return. The strategic location and versatile space make this a highly attractive opportunity for discerning investors.

Highlights

  • $3,990,000 asking price for a value-add opportunity.
  • 30,000 square foot office building with 12 tenants.
  • 37% occupancy rate, offering significant upside potential.
  • Three buildings totaling 30,000 square feet on an 88,000 square foot lot.
  • Located at 1166-1188 Dekalb Pike, Blue Bell, PA 19422.

Property Details for 1166-1188 Dekalb Pike Blue Bell Pa. 19422

Property type
Office properties
Square Feet
30,000 SF
Class
B
Buildings
3
Stories
3
Lot Size (sq. ft)
3,833,280,000 SF

Location Insight

City
Blue Bell
County
Montgomery
State
Pennsylvania
Latitude
40.1618257
Longitude
-75.2945007
1166-1188 Dekalb Pike Blue Bell Pa. 19422, Blue Bell, Pennsylvania

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1166-1188 Dekalb Pike Blue Bell Pa. 19422
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message