618 Shoemaker RdKing of Prussia, PA 19406

Property Details for 618 Shoemaker Rd

Year built

1800

Lot size

1.03 AC

Property size (Sq ft)

6,511 SF

Zone code

C0

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

58-00-17068-00-1

APU

580017068001

Description

This exceptional commercial property, located at 618 Shoemaker Road in King of Prussia, Pennsylvania, presents a lucrative investment opportunity. The two-story office building sits on a generous 1.3-acre lot, zoned for commercial office use. The building boasts nine individual offices, providing ample space for a variety of business needs. With 21 parking spaces available, employee and client parking is readily accommodated. The property's address is 618 Shoemaker Rd, King of Prussia, PA 19406, situated within Montgomery County. Its convenient location in King of Prussia offers excellent accessibility and visibility. The asking price for this well-maintained office building is $3,500,000. This represents a significant opportunity to acquire a substantial and well-positioned commercial property in a thriving business community. The property's size and features make it suitable for a range of businesses seeking a prominent presence in the King of Prussia market. The ample parking and convenient location are key advantages for attracting and retaining employees and clients. This is a turnkey solution for businesses seeking immediate occupancy and operational efficiency. The property's traditional office design offers a classic and professional aesthetic. Serious inquiries are encouraged to explore this compelling investment opportunity further.

• CAP approach

  CAP return

  Valuation

  6%

  $1,639,891

  6.5%

  $1,513,746

  7%

  $1,405,621

• Comparable approach

  Method

  Valuation

  Relative Method

  $835,619

  Geo Method

  $850,727

• Alternative Use

  Use

  Valuation

  Residential

  $1,877,045

  Hospitality

  $1,719,363

  Educational

  $1,430,490

  Medical

  $1,479,686

  Retail

  $2,225,206

Location Insight

City

King Of Prussia

County

Montgomery

State

Pennsylvania

Latitude

40.0771

Longitude

-75.3582

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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