685 Kromer AveBerwyn, PA 19312

Property Details for 685 Kromer Ave

Year built

1940

Property size (Sq ft)

2,772 SF

Zone code

R2

Property type

Office properties

APN

4310G01130200

APU

4310G01130200

Description

This freestanding office building at 685 Kromer Avenue in Berwyn, PA, offers a unique opportunity for businesses seeking a convenient and well-equipped workspace. Situated in downtown Berwyn, this property enjoys exceptional accessibility, being just minutes away from Lancaster Avenue and the Berwyn Train Station, providing easy commutes for employees. The building itself comprises 2,910 square feet spread across two floors, offering ample space for a variety of business needs. The layout includes five large, private offices, ideal for individual executives or teams, and a spacious conference room that can also serve as an additional office. The second floor features a large, open area, providing flexibility for configuring a workspace to suit specific requirements. This area could easily accommodate numerous desks and cubicles, a comfortable lounge, or a dedicated meeting area. Three half-bathrooms are conveniently located throughout the building (two on the first floor and one on the second). Utility and storage closets are also provided for efficient organization. The property sits on a 0.07-acre lot. Currently, the building is furnished with desks, chairs, and other office equipment, which is available for tenant use at no extra cost during the lease term, or can be removed as needed. This turnkey solution presents a compelling opportunity to establish a thriving business in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $764,892

  6.5%

  $706,054

  7%

  $655,622

• Comparable approach

  Method

  Valuation

  Relative Method

  $380,292

  Geo Method

  $362,190

• Alternative Use

  Use

  Valuation

  Residential

  $875,507

  Hospitality

  $801,960

  Educational

  $667,221

  Medical

  $690,168

  Retail

  $1,037,900

Location Insight

City

Berwyn

County

Chester

State

Pennsylvania

Latitude

40.0496

Longitude

-75.4427

CBSA code

37980

CBSA name

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

Property Tax & Assessments

FAQs

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