814 Montgomery AveNarberth, PA 19072

Property Details for 814 Montgomery Ave

Year built

1964

Lot size

0.16 AC

Property size (Sq ft)

4,180 SF

Zone code

C

Property type

Office properties

Property subtype

Office buildings

APN

12-00-02563-00-8

APU

120002563008

Description

This exceptional retail property, located at 814 Montgomery Ave in Narberth, Pennsylvania, presents a compelling investment opportunity. The building, constructed in 1972 and renovated in 2015, offers 4,000 square feet of net rentable space across two stories. Currently vacant, this multi-tenant building is classified as Class B and features a desirable NNN lease type. The asking price is $850,000, translating to a price per square foot of $212.50 and an attractive 8.00% cap rate. The property boasts a prominent freestanding sign pylon, ensuring high visibility for tenants. Convenient on-site parking is also available. The building sits on a commercially zoned lot in Montgomery County, zip code 19072. With two units available, this property is ideal for owner-occupancy or investment purposes. The property's strategic location in Narberth, combined with its updated features and ample parking, makes it an attractive option for a variety of retail businesses. The building's single structure provides ease of management and maintenance. This is a rare opportunity to acquire a well-located, renovated retail building with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $1,177,017

  6.5%

  $1,086,477

  7%

  $1,008,871

• Comparable approach

  Method

  Valuation

  Relative Method

  $546,159

  Geo Method

  $546,159

• Alternative Use

  Use

  Valuation

  Residential

  $1,347,231

  Hospitality

  $1,234,057

  Educational

  $1,026,721

  Medical

  $1,062,031

  Retail

  $1,597,121

Location Insight

City

Narberth

County

Montgomery

State

Pennsylvania

Latitude

40.0103

Longitude

-75.2579

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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