822 Montgomery AveNarberth, PA 19072

Property Details for 822 Montgomery Ave

Year built

1986

Lot size

0.80 AC

Property size (Sq ft)

26,021 SF

Zone code

C

Property type

Office buildings

APN

12-00-02566-00-5

APU

120002566005

Description

This exceptional executive office space at 822 Montgomery Avenue in Narberth, Pennsylvania, offers a unique opportunity for businesses seeking a prestigious address. The building, a three-story Class B property totaling 28,000 square feet, underwent renovations in 2020, ensuring modern amenities within a well-established structure. Currently, there is 600 square feet of immediately available space, divisible into units as small as 600 square feet, with a maximum contiguous space of 600 square feet. The building features thirteen suites in total, providing a diverse range of potential tenants. Ample parking is available with 78 spaces. The building boasts a passenger elevator for convenient access to all three floors. Located on Montgomery Avenue, near Woodbine Avenue, this property benefits from a highly desirable commercial zoning designation within the Narberth submarket. Built in 1986, the building offers a blend of established character and modern updates. Utilities include abundant power. Plumbing is available for an additional cost. This location is ideal for medical offices or other businesses seeking a convenient and well-equipped workspace in a thriving community. The property's convenient location and modern amenities make it an attractive option for businesses of all sizes.

• CAP approach

  CAP return

  Valuation

  6%

  $7,327,069

  6.5%

  $6,763,448

  7%

  $6,280,345

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,399,904

  Geo Method

  $3,399,904

• Alternative Use

  Use

  Valuation

  Residential

  $8,386,676

  Hospitality

  $7,682,150

  Educational

  $6,391,458

  Medical

  $6,611,270

  Retail

  $9,942,269

Location Insight

City

Narberth

County

Montgomery

State

Pennsylvania

Latitude

40.0104

Longitude

-75.2584

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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