1000 Valley Forge CirKing of Prussia, PA 19406

Property Details for 1000 Valley Forge Cir

Lot size

0.01 AC

Zone code

HR

Property type

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.

• 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

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

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