845 Montgomery AvePenn Valley, PA 19072

Property Details for 845 Montgomery Ave

Year built

1962

Lot size

0.16 AC

Property size (Sq ft)

1,736 SF

Zone code

C1

Property type

Retail properties

APN

40-00-39604-00-1

APU

400039604001

Description

Fully leased 1,200 sq ft auto shop in Narberth, PA, enjoys a prime corner location in a thriving Philadelphia suburb. A recently commenced seven-year NNN lease with Caliber Collision generates $72,000 annual income and includes two five-year renewal options. The property boasts 25 parking spaces and is situated on a 0.16-acre lot. The building, constructed in 1970, features four 16-foot-high roll-up doors, three of which are equipped with lifts. This stabilized investment offers immediate cash flow and long-term growth potential in a densely populated area with high average household incomes. The property is zoned C1 and benefits from proximity to major roadways, numerous amenities, and other auto-related businesses. The tenant, Caliber Collision, operates over 1,700 locations across 41 states, ensuring stability and brand recognition. This presents a compelling opportunity for investors seeking a secure, high-return investment in a desirable location. The lease commenced August 29, 2024, with rent commencing January 29, 2025, and expiring June 27, 2031.

• CAP approach

  CAP return

  Valuation

  6%

  $718,577

  6.5%

  $663,302

  7%

  $615,923

• Comparable approach

  Method

  Valuation

  Relative Method

  $571,601

  Geo Method

  $571,601

• Alternative Use

  Use

  Valuation

  Residential

  $559,520

  Hospitality

  $512,517

  Educational

  $426,408

  Medical

  $441,073

  Retail

  $663,302

Location Insight

City

Penn Valley

County

Montgomery

State

Pennsylvania

Latitude

40.0111

Longitude

-75.2587

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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