304 Chester PikeGlenolden, PA 19036

Property Details for 304 Chester Pike

Year built

1900

Lot size

0.26 AC

Property size (Sq ft)

5,456 SF

Property type

Assisted living facilities

Property subtype

Retirement homes

APN

21-00-00324-00

APU

21000032400

Description

This exceptional Glenolden investment property at 304 N Chester Pike offers a unique blend of commercial and residential income streams. The 3,000 square foot building sits on a 45 x 200 foot lot and includes a detached garage with additional parking. The first floor is currently configured as a fully operational veterinary practice, complete with two exam rooms, a lab, kennel, and waiting area. This versatile space presents an opportunity to continue the existing veterinary practice or adapt it for alternative commercial uses. Above the commercial space, the second floor features a one-bedroom, one-bathroom unit with a large den, while the third floor offers a two-bedroom, one-bathroom unit, also with a den. All three units are currently occupied, generating immediate rental income. The property benefits from its location in the Chester Pike Commercial Corridor, ensuring high visibility and convenient access for both commercial and residential tenants. The strong market rents contribute to the property's significant cash flow potential. The seller is open to selling the building and the veterinary practice separately or together, presenting a flexible investment opportunity. This property offers a compelling combination of established commercial income and stable residential rental income, making it an attractive investment in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,501,749

  6.5%

  $1,386,230

  7%

  $1,287,214

• Comparable approach

  Method

  Valuation

  Relative Method

  $819,813

  Geo Method

  $819,813

• Alternative Use

  Use

  Valuation

  Residential

  $1,758,491

  Hospitality

  $1,610,769

  Educational

  $1,340,141

  Medical

  $1,386,230

  Retail

  $2,084,663

Location Insight

City

Glenolden

County

Delaware

State

Pennsylvania

Latitude

39.9031

Longitude

-75.2848

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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