50 2Nd AveCollegeville, PA 19426

Property Details for 50 2Nd Ave

Year built

1979

Lot size

0.57 AC

Property size (Sq ft)

7,294 SF

Zone code

C2

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

04-00-01672-00-7

APU

40001672007

Description

This exceptional 900-square-foot commercial property, located at 50 Second Avenue in Montgomery County, presents a unique investment opportunity. The building, constructed in 1979 and renovated in 2012, boasts a Class B designation and offers a blend of executive office and coworking spaces, perfect for a variety of businesses. The entire 900 square feet is currently vacant, providing immediate occupancy for a single tenant or the potential to subdivide the space. The property sits on a 0.567-acre lot and features a two-story building with six total suites. Ample parking is available with 24 spaces. The building is zoned GC - General Commercial, allowing for diverse business applications. While there are no elevators, the building's layout is designed for efficient access to all suites. The convenient location, with proximity to Main Street, ensures high visibility and accessibility for clients and employees. This versatile property is ideal for businesses seeking a well-maintained, centrally located space with ample parking. The property's flexible layout and zoning make it suitable for a wide range of commercial uses. Don't miss this chance to secure a prime location in a thriving Montgomery County market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,837,101

  6.5%

  $1,695,786

  7%

  $1,574,658

• Comparable approach

  Method

  Valuation

  Relative Method

  $936,109

  Geo Method

  $953,034

• Alternative Use

  Use

  Valuation

  Residential

  $2,102,774

  Hospitality

  $1,926,130

  Educational

  $1,602,518

  Medical

  $1,657,630

  Retail

  $2,492,805

Location Insight

City

Collegeville

County

Montgomery

State

Pennsylvania

Latitude

40.1843

Longitude

-75.4504

CBSA code

37980

CBSA name

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

Property Tax & Assessments

FAQs

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