1700 Markley StNorristown, PA 19401

Property Details for 1700 Markley St

Year built

1969

Lot size

3.12 AC

Property size (Sq ft)

234,139 SF

Zone code

CR

Property type

Office properties

Property subtype

Other office properties

APN

13-00-23624-02-4

APU

130023624024

Description

The Logan Commerce Center, located at 1700 Markley St in Norristown, Pennsylvania (zip code 19401), presents a compelling investment opportunity. This multi-level commerce center, built in 2008, offers a total of 220,704 square feet of retail space within Montgomery County. Currently, there are 7,929 square feet of vacant space available, presenting a unique chance for expansion or new tenancy. The property's history includes a former Davita facility, offering potential for a variety of uses given its adaptable layout and substantial square footage. The address is conveniently situated in Norristown, providing easy access to major transportation routes and a thriving local market. The building's 2008 construction ensures relatively modern infrastructure and amenities. This property is ideal for businesses seeking a prominent location in a well-established commerce center with significant existing space and readily available expansion potential. The available vacant space offers flexibility for customization to suit diverse business needs. The location within Montgomery County provides access to a robust workforce and consumer base. This is a prime opportunity to acquire a significant retail presence in a desirable Pennsylvania market. The property's size and location make it an attractive option for both established businesses and new ventures seeking to establish a strong foothold in the Norristown area.

• CAP approach

  CAP return

  Valuation

  6%

  $58,351,956

  6.5%

  $53,863,344

  7%

  $50,015,960

• Comparable approach

  Method

  Valuation

  Relative Method

  $30,632,558

  Geo Method

  $30,592,602

• Alternative Use

  Use

  Valuation

  Residential

  $66,790,544

  Hospitality

  $61,179,780

  Educational

  $50,900,860

  Medical

  $52,651,416

  Retail

  $79,179,112

Location Insight

City

Norristown

County

Montgomery

State

Pennsylvania

Latitude

40.1316

Longitude

-75.3323

CBSA code

37980

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].