1000 Valley Forge CirKing of Prussia, PA 19406

  • Retail properties
  • 0.01 AC
For Sale
$589,000 View listing

Property Details for 1000 Valley Forge Cir

Lot size
0.01 AC
Zone code
HR
Property type
Retail properties
Property subtype
Parking lots & garages
APN
58-00-19307-00-3
APU
580019307003

Description

This exceptional commercial condominium, located at 1000 Valley Forge Circle in King of Prussia, Pennsylvania, 19406, presents a unique investment opportunity. The property, encompassing 1,920 square feet, is divided into two suites (Suite 119A and Suite 119B), each measuring 960 square feet. Suite A features a private bath and kitchenette, while Suite B boasts a full kitchen and upgraded lighting. Currently, the occupancy rate is 50%, with a modified lease type and a remaining lease term of one year. The property is zoned HR (High Rise Residential), offering significant potential. Situated in one of King of Prussia's most prestigious and visible buildings, this location benefits from a built-in consumer base of over 500 condominium homes within the complex. Amenities include ample off-street parking and 24/7 uniformed security. The property enjoys easy access to major highways, including Routes 202, 422, the Schuylkill Expressway, and the Pennsylvania Turnpike. The central heating and air conditioning system is electric and zoned. This property is ideal for a variety of commercial uses, given its proximity to other businesses such as restaurants, salons, and professional services. The asking price for this multi-tenancy retail space is $589,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $89,598
    6.5%
    $82,706
    7%
    $76,799
  • Comparable approach

    Method
    Valuation
    Relative Method
    $78,267
    Geo Method
    $79,682
  • Alternative Use

    Use
    Valuation
    Residential
    $69,766
    Hospitality
    $63,905
    Educational
    $53,168
    Medical
    $54,997
    Retail
    $82,706
1000 Valley Forge Cir, King of Prussia, Pennsylvania

Location Insight

City
King Of Prussia
County
Montgomery
State
Pennsylvania
Latitude
40.1042
Longitude
-75.4139
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
$397
$5,850
$7,010
$12,860
-
$5,850
$7,010
$12,860

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