490 Easton RdHorsham, PA 19044

Property Details for 490 Easton Rd

Year built

1975

Lot size

0.66 AC

Property size (Sq ft)

18,887 SF

Zone code

GC2

Property type

Office properties

Property subtype

Office buildings

APN

36-00-03823-00-2

APU

360003823002

Description

This exceptional 19,000 square foot storefront property presents a compelling redevelopment opportunity in the thriving Horsham, Pennsylvania market. Located at 490 Easton Road, this single-tenant space sits on a 0.66-acre lot (APN 36-00-03823-002) at a major intersection along heavily trafficked Route 611, ensuring high visibility and accessibility. The property is zoned GC2, offering flexibility for a variety of retail uses. The existing building provides a substantial footprint for a complete renovation or repurposing, catering to a wide range of business needs. Its prime location within an amenity-rich area guarantees a strong potential for attracting customers and tenants. This is an ideal investment for developers seeking a high-impact project in a desirable location. The net lease structure offers a straightforward ownership model. The property's size and location make it a rare find in this competitive market, presenting a unique chance to capitalize on the area's growth and strong retail demand. Serious inquiries are encouraged to explore the full potential of this significant redevelopment opportunity. The property address is 490 Easton Road, Horsham, PA 19044.

• CAP approach

  CAP return

  Valuation

  6%

  $3,122,585

  6.5%

  $2,882,386

  7%

  $2,676,502

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,467,776

  Geo Method

  $2,467,776

• Alternative Use

  Use

  Valuation

  Residential

  $3,574,159

  Hospitality

  $3,273,910

  Educational

  $2,723,855

  Medical

  $2,817,533

  Retail

  $4,237,108

Location Insight

City

Horsham

County

Montgomery

State

Pennsylvania

Latitude

40.1822

Longitude

-75.1309

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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