694 Pont Reading RdArdmore, PA 19003

  • Other commercial real estate
  • 1,704 SF
For Sale
$410,000 View listing

Property Details for 694 Pont Reading Rd

Year built
1930
Lot size
0.02 AC
Property size (Sq ft)
1,704 SF
Property type
Other commercial real estate
APN
22-06-01770-00
APU
22060177000

Description

This beautifully renovated mixed-use property at 694 Pont Reading Road in Ardmore, PA, presents a unique investment opportunity. The main floor, spanning 1,296 square feet, boasts a bright, open layout perfect for a variety of commercial ventures. Its adaptable design is suitable for uses such as a boutique, office, event space, photography studio, or even a coffee shop – the possibilities are extensive. The space comfortably accommodates 28 people and benefits from abundant natural light. Above the commercial space is a charming one-bedroom apartment, currently leased to a long-term tenant at $1,100 per month (tenant pays all utilities except water). This residential unit features a spacious living room with three large windows, a dining room, a kitchenette with a gas stove, in-unit laundry, a full bathroom, and a cozy bedroom. A private rear staircase exit from the dining room leads to an alley. The property sits on a 0.02-acre lot and enjoys a highly convenient location near the 476, bus routes, trolley lines, and the R-5 train. A new roof was installed in 2024. This property offers a compelling blend of commercial potential and established rental income, making it an exceptional investment opportunity in a desirable Ardmore location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $833,557
    Hospitality
    $763,534
    Educational
    $635,251
    Medical
    $657,098
    Retail
    $988,168
694 Pont Reading Rd, Ardmore, Pennsylvania

Location Insight

City
Ardmore
County
Delaware
State
Pennsylvania
Latitude
39.999
Longitude
-75.3007
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
2024
$3,748
$74,890
$70,890
$145,780
-
-
-
$145,780

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