201 2Nd AveCollegeville, PA 19426

Property Details for 201 2Nd Ave

Year built

1993

Lot size

18.88 AC

Property size (Sq ft)

176,130 SF

Zone code

C3

Property type

Retail properties

Property subtype

Strip malls

APN

04-00-01642-00-1

APU

40001642001

Description

This exceptional retail opportunity is located at 201 2nd Ave, Collegeville, PA 19426, in Montgomery County, one of Pennsylvania's wealthiest counties. The property is a Class B shopping center offering two available spaces, ranging from 1,920 to 2,000 square feet. This is a multi-tenant property situated on a highly trafficked road, benefiting from a large and affluent employment base and strong demographics. The location provides excellent visibility and accessibility for businesses seeking a thriving retail environment. A significant advantage is the proximity to Ursinus College, ensuring a consistent flow of potential customers. Furthermore, the property enjoys the added benefit of being near Redner's Fresh Market, which is undergoing a grand re-opening in May 2024, further enhancing the area's retail appeal and foot traffic. This presents a unique chance to establish or expand a retail presence in a highly desirable and well-established commercial area. The property is categorized as a retail shopping center.

• CAP approach

  CAP return

  Valuation

  6%

  $65,210,568

  6.5%

  $60,194,372

  7%

  $55,894,772

• Comparable approach

  Method

  Valuation

  Relative Method

  $56,963,236

  Geo Method

  $57,993,128

• Alternative Use

  Use

  Valuation

  Residential

  $50,776,204

  Hospitality

  $46,510,732

  Educational

  $38,696,380

  Medical

  $40,027,208

  Retail

  $60,194,372

Location Insight

City

Collegeville

County

Montgomery

State

Pennsylvania

Latitude

40.181

Longitude

-75.4534

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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