50 Macdade BlvdGlenolden, PA 19036

Property Details for 50 Macdade Blvd

Year built

1950

Lot size

0.34 AC

Property size (Sq ft)

1,272 SF

Property type

Auto shops

APN

21-00-01374-00

APU

21000137400

Description

This exceptional 1,272 square foot property at 50 S Macdade Boulevard in Glenolden, Pennsylvania presents a unique investment opportunity. Currently configured as an auto shop, this corner lot boasts high visibility and accessibility in a bustling commercial district, ensuring maximum exposure for any business. The significant advantage of this property lies in the pre-approved township plans for conversion into a dynamic three-unit commercial plaza. This eliminates lengthy permitting processes and allows for immediate development, capitalizing on the growing demand for commercial space in the area. The property's location guarantees high traffic volume, attracting a diverse clientele. The approved plans provide a clear roadmap for development, minimizing risk and maximizing return on investment. This is an ideal opportunity for both seasoned investors seeking to expand their portfolio and entrepreneurs looking to establish a thriving business in a prime location. The solid foundation of the existing structure, combined with the approved plans, offers a streamlined path to creating a profitable commercial venture. Don't miss this chance to acquire a property with significant upside potential in a highly desirable area of Glenolden.

• CAP approach

  CAP return

  Valuation

  6%

  $526,515

  6.5%

  $486,014

  7%

  $451,299

• Comparable approach

  Method

  Valuation

  Relative Method

  $418,823

  Geo Method

  $418,823

• Alternative Use

  Use

  Valuation

  Residential

  $409,971

  Hospitality

  $375,531

  Educational

  $312,437

  Medical

  $323,183

  Retail

  $486,014

Location Insight

City

Glenolden

County

Delaware

State

Pennsylvania

Latitude

39.9044

Longitude

-75.2942

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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