685 Kromer AveBerwyn, PA 19312
- Office properties
- 2,772 SF
Property Details for 685 Kromer Ave
- Year built
- 1940
- Property size (Sq ft)
- 2,772 SF
- Zone code
- R2
- Property type
- Office properties
- Property subtype
- Other 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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