1021 Old York RdAbington, PA 19001

Property Details for 1021 Old York Rd

Year built

2007

Lot size

0.72 AC

Property size (Sq ft)

17,908 SF

Zone code

F1

Property type

Office buildings

APN

30-00-49708-00-5

APU

300049708005

Description

This Class A medical office building, located at 1021 Old York Road in Abington, Pennsylvania, offers 17,908 square feet of space, with 8,000 square feet currently available for lease. The building sits on a 0.73-acre lot and is zoned MS-H (Main Street High Intensity/Density) within Abington Township. The available space is divided between the 3rd and 4th floors, each offering 4,000 square feet of fully built-out office space featuring premier finishes. The property boasts a convenient location directly on Old York Road, a highly trafficked thoroughfare, and is approximately 14 miles from downtown Philadelphia. Additional benefits include pylon signage opportunities on Old York Road, a building security system, and proximity to public transportation (SEPTA train station and bus stop). The area offers numerous amenities, and the building is located near Abington Hospital and Penn State Abington. The estimated 2020 property taxes were $32,920. This property is ideal for medical or professional office use.

• CAP approach

  CAP return

  Valuation

  6%

  $2,960,727

  6.5%

  $2,732,979

  7%

  $2,537,766

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,339,859

  Geo Method

  $2,339,859

• Alternative Use

  Use

  Valuation

  Residential

  $3,388,894

  Hospitality

  $3,104,209

  Educational

  $2,582,665

  Medical

  $2,671,487

  Retail

  $4,017,479

Location Insight

City

Abington

County

Montgomery

State

Pennsylvania

Latitude

40.1118

Longitude

-75.1229

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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