215 Church RdKing of Prussia, PA 19406

  • Industrial properties
  • 85,320 SF
For Sale

Property Details for 215 Church Rd

Year built
1976
Lot size
4.79 AC
Property size (Sq ft)
85,320 SF
Zone code
LI
Property type
Industrial properties
Property subtype
Other warehouses
APN
58-00-03355-00-7
APU
580003355007

Description

This exceptional investment opportunity presents two strategically located office buildings in King of Prussia, Pennsylvania's thriving Montgomery County. The portfolio comprises a multi-tenant office building and a single-tenant building currently under a long-term lease with Playtime Pet Resort. The combined portfolio offers a substantial 55,324 square feet of net rentable space, distributed across two buildings situated on a 4.79-acre lot. Currently boasting 100% occupancy, this stabilized investment features a weighted average lease term remaining (WALT) exceeding six years, providing significant long-term income potential. The property is zoned LI (Limited Industrial) and is offered for sale either as a complete portfolio or as two individual properties. Note that if sold separately, a condominium structure would be established. The address is 215-217 W Church Rd, King of Prussia, PA 19406. Individual building square footage ranges from 16,015 to 55,324 square feet. This presents a rare opportunity to acquire a high-performing, fully leased commercial real estate portfolio in a prime location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $24,596,752
    Hospitality
    $22,530,492
    Educational
    $18,745,104
    Medical
    $19,389,778
    Retail
    $29,159,052
215 Church Rd, King of Prussia, Pennsylvania

Location Insight

City
King Of Prussia
County
Montgomery
State
Pennsylvania
Latitude
40.0835
Longitude
-75.3608
CBSA code
37980
CBSA name
PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$75,207
-
-
$2,440,350
-
-
-
$2,440,350

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