406 Ridge PikeConshohocken, PA 19428

Property Details for 406 Ridge Pike

Year built

1973

Lot size

0.72 AC

Property size (Sq ft)

16,124 SF

Zone code

C

Property type

Strip malls

Property subtype

Neighborhood centers

APN

49-00-10048-00-1

APU

490010048001

Description

This exceptional single-tenant office space at 406 West Ridge Pike, located in the thriving Conshohocken/Plymouth Meeting submarket of Montgomery County, offers 162 parking spaces and is situated within a bustling shopping center (SC zoning). The property boasts a highly visible in-line location alongside diverse retail tenants including Hertz, a chiropractor, food preparation service, nail salon, insurance agency, and a golf store, ensuring high foot traffic and convenient access for clients and employees. The space is fully built-out as a professional services office, in excellent condition, and features central air and heating, full carpeting, high ceilings, and ample natural light. The layout includes private and partitioned office spaces, ideal for a variety of business needs. Lease rates do not include utilities, property expenses, or building services. This property presents a unique opportunity to establish a presence in a vibrant and convenient location within the Philadelphia metropolitan area. The space is suitable for traditional office, medical office, or coworking uses. Abundant parking ensures easy access for staff and clients.

• CAP approach

  CAP return

  Valuation

  6%

  $9,019,723

  6.5%

  $8,325,898

  7%

  $7,731,190

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,602,258

  Geo Method

  $5,309,040

• Alternative Use

  Use

  Valuation

  Residential

  $7,023,206

  Hospitality

  $6,433,219

  Educational

  $5,352,363

  Medical

  $5,536,439

  Retail

  $8,325,898

Location Insight

City

Conshohocken

County

Montgomery

State

Pennsylvania

Latitude

40.0954

Longitude

-75.2921

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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