300 Welsh RdAmbler, PA 19002
- Office properties
- 63,444 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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