540 Mount Carmel AveGlenside, PA 19038

This exceptional 14,500-square-foot shopping center in Glenside, Pennsylvania, presents a compelling value-add opportunity. Located at 540 Mt. Carmel Ave, this single-story, multi-tenant property boasts a strong occupancy rate of 85%, anchored by Domino's (with a 5-year lease extension) and SGS Paper, both long-term tenants (over 20 years). Two vacancies and Red House Asian (a 10+ year tenant) round out the current tenant mix. The property benefits from high visibility on Mt. Carmel Avenue, experiencing 16,152 vehicles per day. Its prime location within a 3-mile radius of over 1 million square feet of retail space, including national retailers like Home Depot, Burlington, Giant, and Macy's, ensures a robust customer base. Glenside's desirable location, approximately half a mile from the Philadelphia County line, offers access to a dense population (132,847 residents within 3 miles) with high average household incomes ($132,847 within 3 miles). This affluent community benefits from a top 20% school district and avoids Philadelphia's higher taxes, driving significant residential demand. The property features five units, built in 1975, and is zoned for strip center use. The asking price is $1,495,000, translating to $103.10 per square foot. This gross lease property offers a solid foundation for growth and increased rental income. The property's history of long-term tenants and its strategic location make it an attractive investment for those seeking a value-add opportunity in a thriving market.