8116 Church RdElkins Park, PA 19027

Property Details for 8116 Church Rd

Year built

2024

Property size (Sq ft)

108,116 SF

Property type

Self storage facilities

Description

This exceptional opportunity presents a permitted self-storage development project in Elkins Park, Pennsylvania. Located at 8116 Church Rd, Montgomery County, the 1.23-acre site offers 108,116 square feet of net rentable space, slated for completion in 2024. The project involves demolishing an existing skating rink to construct a modern self-storage facility, incorporating four indoor pickleball courts and associated retail space. This development benefits from a strong demographic profile, with a high population density (634,233 within a 5-mile radius) and significant projected growth (2.4%). The area boasts a median household income of $72,713 and an average household income of $96,248 within a 3-mile radius. Furthermore, the low competition, reflected in a 3-mile NRSF per capita of 1.70 and a 5-mile NRSF per capita of 2.75, positions this project for strong market performance. A value-add opportunity exists with the seller's willingness to lease back the pickleball courts and handle the demolition of the existing ice rink. The zip code is 19027. This is a unique chance to capitalize on a thriving market with a permitted project ready for immediate development.

Location Insight

City

Elkins Park

County

Montgomery

State

Pennsylvania

Latitude

40.0777

Longitude

-75.1293

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