311 Baltimore AveMedia, PA 19063

Property Details for 311 Baltimore Ave

Lot size

0.15 AC

Property type

Parking lots & garages

APN

26-00-00141-00

APU

26000014100

Description

This exceptional Class A mixed-use property, located at 311 E. Baltimore Ave in Media, Pennsylvania, presents a unique investment opportunity. The 26,744 square foot building, constructed in 2003 with renovations completed in 2011, boasts a desirable location in the heart of Media Borough, Delaware County's county seat. Currently 100% occupied by three tenants – two retail spaces on the ground floor and a single office tenant occupying the entire second and third floors – the property generates a strong net operating income (NOI) of approximately $450,000. The building features 22,460 square feet of net rentable space, spread across three stories, with two elevators and multiple bathrooms on each floor. The 0.59-acre lot includes 34 parking spaces, a covered parking area, a convenient loading platform, and a rooftop deck. The property benefits from high visibility on Route 1 (Baltimore Ave) and is within walking distance of numerous restaurants, coffee shops, the courthouse, and other shopping amenities. This sale/leaseback opportunity is ideal for an owner-user seeking to relocate their business or for an investor looking for a strong, stable income stream. The existing office tenant offers a potential three-year leaseback option, providing flexibility for the new owner. The property is zoned HBO.

• CAP approach

  CAP return

  Valuation

  6%

  $3,977,368

  6.5%

  $3,671,416

  7%

  $3,409,172

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,383,449

  Geo Method

  $2,084,565

• Alternative Use

  Use

  Valuation

  Residential

  $3,096,977

  Hospitality

  $2,836,814

  Educational

  $2,360,196

  Medical

  $2,441,367

  Retail

  $3,671,416

Location Insight

City

Media

County

Delaware

State

Pennsylvania

Latitude

39.9177

Longitude

-75.3938

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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