480 Conchester HwyAston, PA 19014

  • Retail properties
  • 14,600 SF
For Sale
$4,500,000 View listing

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
480 Conchester Hwy, Aston, Pennsylvania

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

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
$57,405
$768,660
$959,130
$1,727,790
-
-
-
$1,727,790

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