134 Baltimore PikeSpringfield, PA 19064

Property Details for 134 Baltimore Pike

Year built

1965

Lot size

0.94 AC

Property size (Sq ft)

25,147 SF

Property type

Commercial real estate

APN

42-00-00435-00

APU

42000043500

Description

This exceptional 20,610-square-foot retail space is ideally situated at 134 Baltimore Pike in Springfield, Pennsylvania, 19064. The property boasts a single-tenant occupancy, offering a blank canvas for a discerning business owner. Built in 1970, the building sits on a one-acre lot and is zoned for commercial retail use, providing ample opportunity for a variety of retail ventures. The entire building is currently vacant, presenting a unique chance to establish a prominent presence in a thriving Delaware County location. The property's convenient location along Baltimore Pike ensures high visibility and accessibility for customers. With its substantial square footage and prime location, this property represents a significant opportunity for businesses seeking a substantial and highly visible retail space. The building's 1970 construction offers the potential for modernization and customization to perfectly suit a tenant's specific needs. The single-tenant occupancy eliminates the complexities of multi-tenant management, allowing for focused operations and streamlined business practices. This is a rare opportunity to secure a large, high-profile retail space in a desirable location. The property's one-acre lot provides ample parking and potential for future expansion. Serious inquiries are encouraged to explore this exceptional retail opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $8,025,090

  6.5%

  $7,407,780

  7%

  $6,878,650

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,285,710

  Geo Method

  $3,285,710

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $13,602,400

  Retail / Commercial

  $7,167,460

  Mixed-Use / Specialty

  $7,293,360

  Hospitality / Lodging

  $5,548,090

  Office

  $7,407,780

  Institutional / Educational

  $7,636,280

  Residential Income

  $8,934,450

  Multifamily

  $9,875,870

  Automotive / Energy

  $6,545,390

  Parking / Income-Based Land

  $2,109,100

  Restaurant / Food Service

  $4,116,560

  Healthcare / Senior Housing

  $7,323,890

Location Insight

City

Springfield

County

Delaware

State

Pennsylvania

Latitude

39.9239

Longitude

-75.3156

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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