1021 Old York RdAbington, PA 19001

  • Office properties
  • 17,908 SF
For Sale

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 properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
1021 Old York Rd, Abington, Pennsylvania

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$37,671
-
-
$813,450
-
-
-
$813,450

FAQs

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