18 Mainland RdHarleysville, PA 19438

Property Details for 18 Mainland Rd

Year built

1875

Lot size

2.07 AC

Property size (Sq ft)

4,924 SF

Zone code

C

Property type

Investment properties

Property subtype

Live-work space

APN

50-00-01975-00-9

APU

500001975009

Description

This stunning, fully renovated 3-story office building, situated on a 2.07-acre lot in Harleysville, Pennsylvania, presents a unique investment opportunity. Originally built in 1855 and extensively renovated in 2018, the 3,650 square foot building boasts a new roof, HVAC system, flooring, and paint, offering a truly turnkey solution. The property is zoned VC & R1, providing flexibility for various uses, including executive, medical, or traditional office space. A concept sketch plan suggests the potential for conversion into ten townhomes, leveraging the expansive lot size. Twelve dedicated parking spaces are available, and the building benefits from excellent visibility and access on Mainland Road, less than a mile from I-476. The surrounding area demonstrates strong demographics, with an average household income exceeding $138,000 within a 3-mile radius and a projected 4% population growth through 2028. This property is offered at $725,000, with a price per square foot of $198.63. The building's Class B designation reflects its high-quality renovation and modern amenities. This is an exceptional opportunity for owner-users seeking a prime location with significant potential for future development or expansion.

• CAP approach

  CAP return

  Valuation

  6%

  $1,223,198

  6.5%

  $1,129,106

  7%

  $1,048,455

• Comparable approach

  Method

  Valuation

  Relative Method

  $647,694

  Geo Method

  $643,370

• Alternative Use

  Use

  Valuation

  Residential

  $1,400,091

  Hospitality

  $1,282,476

  Educational

  $1,067,005

  Medical

  $1,103,701

  Retail

  $1,659,786

Location Insight

City

Harleysville

County

Montgomery

State

Pennsylvania

Latitude

40.2543

Longitude

-75.3586

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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