2808 Limekiln PikeGlenside, PA 19038

Property Details for 2808 Limekiln Pike

Year built

1935

Lot size

0.03 AC

Property size (Sq ft)

3,027 SF

Zone code

F1

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

30-00-37936-00-5

APU

300037936005

Description

This exceptional investment opportunity presents two adjacent commercial buildings situated on a bustling main street in Abington, Pennsylvania. The properties, located at 2808 and 2816 Limekiln Pike, sit on a combined 0.03-acre lot. Building 2808 features a large open space with a prominent storefront, ideal for maximizing visibility and attracting customers. A full, dry basement with egress to the first floor provides ample storage or additional workspace. Structural enhancements, including installed steel plates, accommodate heavy machinery or appliances, broadening potential business applications. A two-bedroom apartment with separate front door access (or access via a back porch) offers rental income potential or a convenient live-work option. Building 2816 boasts central air conditioning, a spacious storefront, a kitchenette, freshly painted walls, a half-bath, newer windows, and recently installed ceiling insulation. A significant advantage is the inclusion of a private 10-space parking area, currently generating rental income from some spaces. All appliances, including a C Box located in the parking lot, are included in the sale. This combined property offers a rare chance to acquire two established commercial spaces in a high-traffic area, presenting significant potential for immediate income and future growth. The asking price for both buildings is $615,000.

• CAP approach

  CAP return

  Valuation

  6%

  $500,454

  6.5%

  $461,957

  7%

  $428,960

• Comparable approach

  Method

  Valuation

  Relative Method

  $395,508

  Geo Method

  $395,508

• Alternative Use

  Use

  Valuation

  Residential

  $572,827

  Hospitality

  $524,706

  Educational

  $436,549

  Medical

  $451,563

  Retail

  $679,077

Location Insight

City

Glenside

County

Montgomery

State

Pennsylvania

Latitude

40.1111

Longitude

-75.1654

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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