This exceptional mixed-use property at 1008 MacDade Boulevard, Collingdale, PA presents a compelling investment opportunity. The 1,575 square foot building boasts a vibrant street-level commercial space ideally suited for a variety of uses, including a hair/nail salon, office, or food establishment. The active storefront benefits from high visibility on a heavily traveled thoroughfare, ensuring excellent foot traffic and exposure. Upstairs, a spacious twin three-quarter bedroom house offers immediate rental income potential, currently generating $1700 per month. This setup provides the unique advantage of live/work functionality, allowing an owner-occupant to operate their business downstairs while supplementing their mortgage with rental income from the upstairs unit. Alternatively, the property serves as a strong addition to any investment portfolio. The commercial space includes a convenient powder room and access to a full-size basement, offering ample storage or additional workspace with great ceiling height. Two rear parking spaces add significant value and convenience. The property's prime location on MacDade Boulevard, with SEPTA bus and trolley access directly in front, ensures easy accessibility for both customers and residents. This versatile property offers a rare blend of commercial and residential potential, making it an attractive proposition for investors and owner-occupants seeking to maximize their return on investment.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$1,210,252
Hospitality
$1,108,584
Educational
$922,329
Medical
$954,049
Retail
$1,434,734
Location Insight
City
Collingdale
County
Delaware
State
Pennsylvania
Latitude
39.9098
Longitude
-75.2811
CBSA code
37980
CBSA name
PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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