300 Welsh RdAmbler, PA 19002

  • Office properties
  • 63,444 SF
For Sale
$8,150,000 View listing

Property Details for 300 Welsh Rd

Year built
1984
Lot size
7.79 AC
Property size (Sq ft)
63,444 SF
Zone code
BC
Property type
Office properties
Property subtype
Office buildings
APN
36-00-11416-00-5
APU
360011416005

Description

This exceptional investment opportunity presents two Class B office buildings totaling 57,792 square feet, situated on a 6.34-acre lot in Ambler, Pennsylvania (19002). The property, located at 300 Welsh Road, boasts a 9.20% cap rate and is currently 100% occupied by six tenants, providing a stable income stream with a weighted average lease term of 6.86 years (excluding one tenant). Built between 1980 and 1983, with a complete renovation of Building 2 in 2023, the property benefits from significant recent capital improvements exceeding $4.5 million, minimizing future capital expenditure needs. The asking price is $8,150,000 ($141 per square foot), representing a significant discount to replacement cost. The property's prime location within the Horsham Business Park District, with excellent visibility and accessibility (28,000 vehicles daily), ensures strong tenant demand. The zoning is HBP - Horsham Business Park District, and the Montgomery County property features two stories per building. This stabilized asset offers predictable returns and long-term value, making it an attractive investment for discerning buyers. The property's convenient location is just 2.5 miles from the Pennsylvania Turnpike's Virginia Drive exit and 3.7 miles from the Ambler/Fort Washington Interchange, providing easy access for tenants and employees. The surrounding retail and food amenities further enhance the property's appeal.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $10,489,188
    6.5%
    $9,682,328
    7%
    $8,990,733
  • Comparable approach

    Method
    Valuation
    Relative Method
    $8,289,593
    Geo Method
    $8,289,593
  • Alternative Use

    Use
    Valuation
    Residential
    $12,006,086
    Hospitality
    $10,997,510
    Educational
    $9,149,800
    Medical
    $9,464,475
    Retail
    $14,233,022
300 Welsh Rd, Ambler, Pennsylvania

Location Insight

City
Ambler
County
Montgomery
State
Pennsylvania
Latitude
40.1636
Longitude
-75.1524
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
$140,235
-
-
$3,567,600
-
-
-
$3,567,600

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