404 Ridge PikeConshohocken, PA 19428

Property Details for 404 Ridge Pike

Year built

1926

Lot size

0.41 AC

Property size (Sq ft)

6,896 SF

Zone code

C

Property type

Investment properties

Property subtype

Live-work space

APN

49-00-10045-00-4

APU

490010045004

Description

This 1,350 square foot retail space, located at 404 West Ridge Pike in Conshohocken, Pennsylvania, 19428, is part of a larger 5,333 square foot multi-tenant building situated on a 75,000 square foot lot. The property, classified as Class C, was built in 1950 and renovated in 2021. The suite is located on the third floor of a three-story building and offers a sunlit corner office layout with large windows. The space is ideal for professional services and provides flexibility for various workspace configurations. Ample parking is available with 150 spaces on-site, although there are no elevators. The building is conveniently located near major highways (I-76, I-476, and the PA Turnpike), offering easy access to Philadelphia, King of Prussia, and surrounding areas. Nearby amenities include coffee shops, restaurants, fitness centers, and banks. The zoning is commercial, and the suite is available for occupancy November 1, 2024. The minimum divisible space is 1,350 square feet, and the maximum contiguous space is also 1,350 square feet. The cross street is Lynda Lane.

• CAP approach

  CAP return

  Valuation

  6%

  $2,624,220

  6.5%

  $2,422,357

  7%

  $2,249,332

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,290,228

  Geo Method

  $901,031

• Alternative Use

  Use

  Valuation

  Residential

  $3,003,723

  Hospitality

  $2,751,394

  Educational

  $2,289,128

  Medical

  $2,367,854

  Retail

  $3,560,865

Location Insight

City

Conshohocken

County

Montgomery

State

Pennsylvania

Latitude

40.0954

Longitude

-75.2919

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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