350 Main StTrappe, PA 19426

  • Apartment buildings
  • 6,300 SF
For Sale
$1,200,000 View listing

Property Details for 350 Main St

Year built
1970
Lot size
0.17 AC
Property size (Sq ft)
6,300 SF
Zone code
C
Property type
Apartment buildings
APN
20-00-00161-00-8
APU
200000161008

Description

This exceptional free-standing, two-story commercial building, situated on a 0.76-acre lot at 350 W Main Street in Trappe, Pennsylvania, presents a unique investment opportunity. Built in 2005, this corner property boasts 8,442 square feet of space, with 2,814 square feet on each of the two floors, plus a full basement. The building features high visibility from its Main Street location, offering excellent exposure to a high volume of traffic. Ample parking is available with a 30+ car lot. The property is zoned VC (Village Commercial), allowing for a wide range of office and professional uses. The lower level suite, measuring 2,814 square feet, is currently leased at $13.00 per square foot, generating $3,048.00 in monthly rent (plus utilities). The building includes convenient amenities such as ADA-compliant features, restrooms, and kitchenettes on each floor. Annual property taxes are $15,222. Its prime location offers easy access to local stores and restaurants. This is an ideal opportunity to acquire a well-maintained, high-traffic commercial property in a thriving community. The asking price is $1,200,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,967,567
    6.5%
    $1,816,216
    7%
    $1,686,486
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,253,236
    Geo Method
    $1,275,895
  • Alternative Use

    Use
    Valuation
    Residential
    $1,816,216
    Hospitality
    $1,663,644
    Educational
    $1,384,132
    Medical
    $1,431,735
    Retail
    $2,153,094

Location Insight

City
Schwenksville
County
Montgomery
State
Pennsylvania
Latitude
40.2554
Longitude
-75.4635
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
$11,724
$72,480
$168,970
$241,450
-
$72,480
$168,970
$241,450

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