101 West AveJenkintown, PA 19046

Property Details for 101 West Ave

Year built

1990

Lot size

3.35 AC

Property size (Sq ft)

84,210 SF

Property type

Office properties

Property subtype

Other office properties

Description

This three-story, 84,210 square foot Class B office building in Jenkintown, PA, presents a compelling value-add investment opportunity. Built in 1990 and renovated in 2018 and 2024, the property boasts a prime location, just a three-minute walk from the Jenkintown SEPTA station, offering convenient access to Philadelphia's Center City and surrounding suburbs. Situated on a 3.35-acre lot, the building features a striking courtyard entry and atrium lobby, along with ample parking (3.4 spaces per 1,000 square feet), totaling 287 covered and open-air spaces. Currently 60% occupied by six tenants, primarily in finance, insurance, accounting, and healthcare, this property offers significant potential for increased net operating income (NOI) through lease-up of the vacant space. The building is a steel and concrete structure with concrete panels and a colorful metal mansard roof. Its zoning is Gateway Commercial. The fee-simple ownership offers a strong foundation for future growth and value appreciation. The property's prestigious Jenkintown address, proximity to the Old York Road shopping district, and desirable residential area further enhance its appeal. The substantial barriers to entry in this market add to the investment's long-term prospects. This offering is unpriced.

Location Insight

City

Jenkintown

County

Montgomery

State

Pennsylvania

Latitude

40.0954

Longitude

-75.1377

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