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

Investment properties

Property subtype

Live-work space

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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