1207 Butler PikeConshohocken, PA 19428

Property Details for 1207 Butler Pike

Lot size

1.65 AC

Property size (Sq ft)

8,500 SF

Property type

Office properties

Property subtype

Other office properties

Description

This exceptional Conshohocken, PA office complex presents a compelling investment opportunity. Priced at $2,500,000, this property boasts a 7.00% cap rate and a strong net operating income (NOI) of $175,000. The property consists of two buildings totaling 8,500-8,800 square feet, situated on a 1.65-acre lot with ample parking for 42 vehicles. The main building, meticulously restored approximately five years ago, features a striking brick exterior and three bathrooms. The adjacent building offers approximately 3,450 square feet, including two ADA-compliant bathrooms and a kitchen. Currently housing two tenants with a lease expiration date of December 30, 2024, the property offers a modified lease type with rent bumps. The buildings are two stories each and were renovated in 1989, 2016, and 2018. Benefiting from a high-traffic location near the I-476 and I-76 Interchange and Route 23, the property enjoys exceptional visibility with over 37,000 vehicles passing daily. Zoned B residential, the property allows for diverse uses including retail, office, apartments, and mixed-use developments. This presents a unique opportunity for owner-users or investors seeking a high-return property in a prime location.

Location Insight

City

Conshohocken

County

Montgomery

State

Pennsylvania

Latitude

40.0833

Longitude

-75.2966

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