116 Greenwood AveWyncote, PA 19095

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

Investment properties

Property subtype

Live-work space

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.

• 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

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