653 Skippack PikeBlue Bell, PA 19422

Property Details for 653 Skippack Pike

Year built

1972

Lot size

2.85 AC

Property size (Sq ft)

65,024 SF

Zone code

C

Property type

Office properties

Property subtype

Office buildings

APN

66-00-06547-00-2

APU

660006547002

Description

This Class A, four-story medical office building in Blue Bell, PA, offers multiple turnkey suites ranging from 1,180 to 20,000 square feet. Located at 653 W Skippack Pike, 19422, this 58,875 square foot building boasts 26,000 square feet of immediately available space. The property underwent renovations in 2023 and features two elevators for convenient access to all floors. Its prime location in Montgomery County offers exceptional access to major roadways including US Route 202 and Interstate 476, providing easy commutes to King of Prussia, Philadelphia, and the broader Delaware Valley. The building is situated near a variety of amenities, including dining, fitness centers, retail shopping, and hotels, enhancing the convenience for tenants and their clients. The building is ideal for medical practices, traditional office users, or coworking spaces, offering a versatile and modern workspace in a highly desirable location. The building's strategic placement near the Plymouth Meeting Interchange and Pennsylvania Turnpike ensures seamless connectivity to the region's major transportation networks. This is a unique opportunity to secure high-quality office space in a thriving suburban market.

• CAP approach

  CAP return

  Valuation

  6%

  $16,152,969

  6.5%

  $14,910,433

  7%

  $13,845,402

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,553,144

  Geo Method

  $8,496,036

• Alternative Use

  Use

  Valuation

  Residential

  $18,488,938

  Hospitality

  $16,935,768

  Educational

  $14,090,360

  Medical

  $14,574,949

  Retail

  $21,918,338

Location Insight

City

Blue Bell

County

Montgomery

State

Pennsylvania

Latitude

40.1541

Longitude

-75.2677

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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