1364 Welsh RdNorth Wales, PA 19454

Property Details for 1364 Welsh Rd

Year built

1945

Lot size

2.63 AC

Property size (Sq ft)

28,414 SF

Zone code

LI

Property type

Office properties

Property subtype

Office buildings

APN

46-00-04249-00-7

APU

460004249007

Description

This exceptional commercial property, located at 1364 Welsh Road in North Wales, Pennsylvania (zip code 19454), presents a unique opportunity for both owner-users and investors. The property encompasses three Class A office buildings totaling 28,414 square feet, situated on a 2.63-acre lot. The buildings feature a flexible layout suitable for various office uses, including executive, medical, and creative office spaces. With 17,000 square feet of net rentable space, the property offers ample room for expansion or multiple tenants. The property boasts excellent visibility and signage opportunities due to its prime location on busy Welsh Road (Route 63). Ample parking is provided at a ratio of 3.6 spaces per 1,000 square feet. The property is zoned LI-Limited Industrial (APN: 46-04249007), offering versatility for various business types. Space is available in sizes ranging from 1,000 to 5,000 square feet. This is a rare opportunity to acquire a well-located, multi-building office complex in a thriving Montgomery County market. The asking price is $1,995,000. The property consists of three buildings across two stories.

• CAP approach

  CAP return

  Valuation

  6%

  $7,058,478

  6.5%

  $6,515,518

  7%

  $6,050,124

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,737,528

  Geo Method

  $3,712,573

• Alternative Use

  Use

  Valuation

  Residential

  $8,079,242

  Hospitality

  $7,400,542

  Educational

  $6,157,164

  Medical

  $6,368,919

  Retail

  $9,577,812

Location Insight

City

North Wales

County

Montgomery

State

Pennsylvania

Latitude

40.2127

Longitude

-75.234

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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