480 Conchester HwyAston, PA 19014
- Retail properties
- 14,600 SF
Property Details for 480 Conchester Hwy
- Year built
- 1990
- Lot size
- 2.00 AC
- Property size (Sq ft)
- 14,600 SF
- Property type
- Retail properties
- Property subtype
- Parking lots & garages
- APN
- 09-00-01047-01
- APU
- 9000104701
Description
This exceptional investment opportunity presents Stoney Pond Plaza, a 14,400-square-foot shopping center located at 480 Conchester Highway in Aston, Pennsylvania (zip code 19014). The property sits on a 1.9-acre lot and boasts a strong 5.78% capitalization rate, generating a net operating income (NOI) of $260,000. Priced at $4,500,000 ($312.50 per square foot), this net-lease property offers a stable income stream from a diverse mix of retail and medical tenants. Currently, the center enjoys near full occupancy with twelve individual units. The property features 95 parking spaces and offers significant potential for further development, including a drive-thru option. With 295 feet of frontage on Conchester Highway, the center benefits from high visibility and accessibility in a densely populated area of Delaware County. An approved 0.7-acre pad site provides additional expansion opportunities within this thriving commercial corridor. This prime location in a densely populated Philadelphia suburb ensures consistent traffic and strong tenant demand, making Stoney Pond Plaza an attractive investment for discerning buyers seeking a stable, high-return property.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $9,172,258
- 6.5%
- $8,466,700
- 7%
- $7,861,936
-
Comparable approach
- Method
- Valuation
- Relative Method
- $7,802,614
- Geo Method
- $4,807,242
-
Alternative Use
- Use
- Valuation
- Residential
- $7,141,978
- Hospitality
- $6,542,014
- Educational
- $5,442,878
- Medical
- $5,630,067
- Retail
- $8,466,700
Location Insight
- City
- Aston
- County
- Delaware
- State
- Pennsylvania
- Latitude
- 39.848
- Longitude
- -75.4355
- 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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