414 Commerce DrFort Washington, PA 19034

Property Details for 414 Commerce Dr

Year built

1971

Lot size

4.08 AC

Property size (Sq ft)

40,922 SF

Zone code

LIM

Property type

Office properties

Property subtype

Office buildings

APN

54-00-04420-00-8

APU

540004420008

Description

This exceptional Fort Washington office building offers immediate occupancy in two available suites: a 2,500 sq ft space on the first floor with direct lobby access, and a 5,000 sq ft space on the second floor served by an elevator. Both are highly adaptable and can be reconfigured with tenant improvement allowances. The 36,718 sq ft building, situated on 4.08 acres, underwent a complete renovation in 2022, boasting a refreshed lobby, new elevator, roof, and HVAC systems. The property features 134 parking spaces and is conveniently located near major roadways including Route 309, 611, 152, and the Pennsylvania Turnpike. The building's prime location offers easy access to numerous amenities, including fine restaurants, Life Time Fitness, Wawa, and TruMark Financial Credit Union. The property is a single, two-story building constructed in 1971, offering multiple tenancy options with a minimum divisible space of 2,500 sq ft and a maximum contiguous space of 5,000 sq ft. Currently, 7,500 sq ft is vacant. The building is equipped with 3-phase power. Property taxes are $3.14 per square foot. This is a rare opportunity to secure high-quality office space in a desirable location with convenient access to major transportation routes and a wealth of nearby amenities. The space is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $10,165,659

  6.5%

  $9,383,685

  7%

  $8,713,422

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,382,808

  Geo Method

  $5,346,868

• Alternative Use

  Use

  Valuation

  Residential

  $11,635,770

  Hospitality

  $10,658,303

  Educational

  $8,867,583

  Medical

  $9,172,552

  Retail

  $13,794,017

Location Insight

City

Fort Washington

County

Montgomery

State

Pennsylvania

Latitude

40.1392

Longitude

-75.1959

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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