601 Bethlehem PikeLansdale, PA 18936

Property Details for 601 Bethlehem Pike

Year built

2003

Lot size

0.21 AC

Property size (Sq ft)

9,089 SF

Zone code

BP

Property type

Office properties

Property subtype

Other office properties

APN

46-00-00247-00-4

APU

460000247004

Description

This exceptional 9,300 square foot office building, situated at 601 Bethlehem Pike (Route 309) in Montgomeryville, Pennsylvania, presents a compelling investment opportunity. The property boasts a superior, high-visibility location with prominent signage, benefiting from excellent demographics and over 31,000 vehicles daily. The building comprises two units. Unit D1, encompassing approximately 5,541 square feet, features a current dental/medical fit-out including nine exam areas, a waiting room, lab spaces, four private offices, a conference room, and four restrooms (two private), plus a break room. Unit D2, measuring approximately 3,759 square feet, is currently leased until May 31, 2024, and includes five private offices, two open work areas, a kitchenette, and three restrooms. The single-story building sits on a lot zoned BP and offers a total of 9,300 square feet, priced at $1,950,000 ($209.68 per square foot). This prime location and versatile space make it ideal for a variety of professional uses. The property's high traffic count and prominent visibility ensure maximum exposure for any business. This is a rare opportunity to acquire a well-positioned, income-producing asset in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,257,848

  6.5%

  $2,084,168

  7%

  $1,935,299

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,195,551

  Geo Method

  $1,187,569

• Alternative Use

  Use

  Valuation

  Residential

  $2,584,368

  Hospitality

  $2,367,267

  Educational

  $1,969,539

  Medical

  $2,037,274

  Retail

  $3,063,727

Location Insight

City

Montgomeryville

County

Montgomery

State

Pennsylvania

Latitude

40.2608

Longitude

-75.2488

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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