116 Greenwood AveWyncote, PA 19095
- Mixed-use properties
- 3,346 SF
Property Details for 116 Greenwood Ave
- Year built
- 1898
- Lot size
- 0.11 AC
- Property size (Sq ft)
- 3,346 SF
- Zone code
- C3
- Property type
- Mixed-use properties
- Property subtype
- Other investment properties
- APN
- 31-00-12652-00-7
- APU
- 310012652007
Description
This exceptional office building, located at 116 Greenwood Avenue in the desirable Wyncote, PA neighborhood, presents a compelling investment opportunity. The property boasts a substantial 3,350 square feet of office space, ideal for a variety of business uses. Situated on a conveniently sized 0.11-acre lot, the building offers ample space and potential for expansion or modification to suit specific operational needs. The asking price of $395,000 represents a competitive entry point into the Wyncote commercial real estate market. Given its location and size, this property is well-suited for established businesses seeking to relocate or expand, or for entrepreneurs looking to establish a new presence in a thriving community. The building's layout and features are adaptable, allowing for customization to meet the requirements of diverse tenants. Its prime location in Wyncote offers easy access to major transportation routes, ensuring convenient commutes for employees and clients alike. This presents a rare chance to acquire a well-positioned commercial property in a highly sought-after area. Serious inquiries are encouraged to explore the full potential of this valuable asset. Further details regarding the building's specifications and potential uses are available upon request.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $553,194
- 6.5%
- $510,640
- 7%
- $474,166
-
Comparable approach
- Method
- Valuation
- Relative Method
- $437,188
- Geo Method
- $437,188
-
Alternative Use
- Use
- Valuation
- Residential
- $633,194
- Hospitality
- $580,002
- Educational
- $482,555
- Medical
- $499,151
- Retail
- $750,641
Location Insight
- City
- Wyncote
- County
- Montgomery
- State
- Pennsylvania
- Latitude
- 40.0919
- Longitude
- -75.1395
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
FAQs
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