This exceptional commercial property located at 147 Greenwood Avenue in Wyncote, Pennsylvania, presents a unique investment opportunity. Situated on a sizable 0.64-acre lot, the property offers significant potential for redevelopment or continued use as an office building. The exact square footage is currently unavailable, requiring further due diligence. The property's address is highly desirable within the Wyncote community, offering easy access to major transportation routes and a variety of local amenities. The asking price is currently being determined and will be available upon request. This presents a rare chance to acquire a substantial piece of commercial real estate in a thriving Pennsylvania location. Interested parties are encouraged to conduct their own independent investigation to verify all property details and to assess the suitability of the property for their specific needs. The property is being offered as-is, and potential buyers should be prepared to undertake any necessary inspections and due diligence. Further information regarding zoning regulations, permitted uses, and potential development opportunities can be obtained through the appropriate municipal authorities. This is a remarkable opportunity for investors seeking a foothold in the vibrant Wyncote market. Contact us today to schedule a viewing and explore the possibilities.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$2,610,724
6.5%
$2,409,899
7%
$2,237,764
Comparable approach
Method
Valuation
Relative Method
$2,063,252
Geo Method
$2,063,252
Alternative Use
Use
Valuation
Residential
$2,988,275
Hospitality
$2,737,244
Educational
$2,277,354
Medical
$2,355,676
Retail
$3,542,552
Location Insight
City
Wyncote
County
Montgomery
State
Pennsylvania
Latitude
40.0919
Longitude
-75.1408
CBSA code
37980
CBSA name
PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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