32 Morton AveMorton, PA 19070

Property Details for 32 Morton Ave

Lot size

0.23 AC

Property type

Parking lots & garages

APN

29-00-00325-01

APU

29000032501

Description

This exceptional retail property, located at 32 S Morton Ave in Morton, Pennsylvania (zip code 19070), presents a compelling investment opportunity. The property encompasses two parcels totaling approximately 30,000 square feet, featuring a 10,000 square foot building situated on one lot. Currently operating at 100% occupancy, this storefront offers significant potential for both users and developers. Built in 1970, the property is zoned NC-Neighborhood Commercial District, opening doors to a wide array of future possibilities. Its prime location directly across from the Morton train station ensures high visibility and accessibility, attracting a substantial customer base. Ample on-site parking is available, with over 50 spaces provided for convenience. This property is a rare find, combining established success with substantial growth potential in a thriving commercial area. The property's size and zoning make it ideal for a variety of retail uses or redevelopment projects. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $4,139,269

  6.5%

  $3,820,864

  7%

  $3,547,945

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,292,632

  Geo Method

  $3,292,632

• Alternative Use

  Use

  Valuation

  Residential

  $3,223,041

  Hospitality

  $2,952,288

  Educational

  $2,456,270

  Medical

  $2,540,744

  Retail

  $3,820,864

Location Insight

City

Morton

County

Delaware

State

Pennsylvania

Latitude

39.9071

Longitude

-75.3283

CBSA code

37980

CBSA name

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

Property Tax & Assessments

FAQs

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