21 Bala AveBala Cynwyd, PA 19004

Property Details for 21 Bala Ave

Year built

1956

Lot size

0.69 AC

Property size (Sq ft)

13,880 SF

Zone code

C2

Property type

Office buildings

APN

40-00-03552-00-8

APU

400003552008

Description

This exceptional two-story, 5,200 square foot Class B office building at 21 Bala Avenue in Bala Cynwyd, PA, presents a fantastic leasing opportunity. Built in 1980 and extensively renovated in 2023, the property offers a blend of classic charm and modern functionality. The building comprises three suites, with one suite currently vacant, offering 750 square feet of immediately available space. The maximum contiguous space available is also 750 square feet. The building is zoned for commercial use and boasts ample parking with 50 spaces available for tenants and visitors. While there are no elevators, the two-story building provides easy accessibility. The location is highly convenient, situated near the intersection of Bala Avenue and Union Street in the 19004 zip code. This traditional office space is perfect for a small business or individual professional seeking a well-maintained and updated workspace in a desirable Bala Cynwyd location. The property's recent renovation ensures modern amenities and a comfortable working environment. Interested parties should inquire about lease terms and availability.

• CAP approach

  CAP return

  Valuation

  6%

  $4,243,624

  6.5%

  $3,917,192

  7%

  $3,637,392

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,981,026

  Geo Method

  $1,813,561

• Alternative Use

  Use

  Valuation

  Residential

  $4,857,318

  Hospitality

  $4,449,276

  Educational

  $3,701,746

  Medical

  $3,829,055

  Retail

  $5,758,272

Location Insight

City

Bala Cynwyd

County

Montgomery

State

Pennsylvania

Latitude

40.0018

Longitude

-75.2293

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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