304 Old Lancaster RdMerion Station, PA 19066

Property Details for 304 Old Lancaster Rd

Year built

1950

Lot size

0.46 AC

Property size (Sq ft)

13,467 SF

Zone code

R7

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

40-00-44140-00-1

APU

400044140001

Description

This exceptional 17,000 square foot, three-story Class B commercial building, located at 304 Old Lancaster Road, Bala Cynwyd, offers a unique leasing opportunity. Built in 1970 and extensively renovated in 2021, the property boasts 20 suites, with one immediately available space of 900 square feet. The minimum divisible space is 900 square feet, and the maximum contiguous space available is also 900 square feet. The building is ideally situated at the corner of Old Lancaster Road and Montgomery Avenue, providing excellent visibility and accessibility. Its convenient location offers easy access to local restaurants and a SEPTA bus stop directly at the corner. Ample onsite parking is available (12+ spaces). The property is zoned commercial and falls within the Merion submarket cluster. The building is suitable for a variety of uses, including retail and office space, making it an attractive option for businesses seeking a well-maintained and conveniently located space. The building does not have elevators. This is a multi-tenant building.

• CAP approach

  CAP return

  Valuation

  6%

  $4,702,176

  6.5%

  $4,340,470

  7%

  $4,030,436

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,727,377

  Geo Method

  $2,727,377

• Alternative Use

  Use

  Valuation

  Residential

  $4,340,470

  Hospitality

  $3,975,847

  Educational

  $3,307,858

  Medical

  $3,421,620

  Retail

  $5,145,557

Location Insight

City

Merion Station

County

Montgomery

State

Pennsylvania

Latitude

40.0047

Longitude

-75.2428

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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