51 Towamencin AveLansdale, PA 19446
- Mixed-use properties
- 5,451 SF
Property Details for 51 Towamencin Ave
- Year built
- 1925
- Lot size
- 0.22 AC
- Property size (Sq ft)
- 5,451 SF
- Zone code
- B
- Property type
- Mixed-use properties
- Property subtype
- Other investment properties
- APN
- 11-00-17244-00-7
- APU
- 110017244007
Description
This exceptional 5,500 square foot industrial flex building in Lansdale, Pennsylvania, offers a unique investment opportunity. Situated at 51 N Towamencin Ave, 19446, this property boasts two distinct units. Unit 1, a 1,300 square foot ground-level office space, is currently leased. Unit 2 comprises 4,300 square feet of versatile space, including a 2,900 square foot warehouse and a 1,400 square foot second-floor executive office area. The warehouse features a rear-covered loading dock with levelers and two half-ton cranes, ideal for distribution. Built in 1925 and renovated in 1998, this two-story building sits on a single lot and is zoned B/POSR. The high 10-foot ceilings add to its functionality. This centrally located property offers immediate income from the existing tenant and high visibility, making it suitable for various business applications. Its proximity to Routes 63, 363, 202, 73, and the PA Northeast Extension Interstate (I-46) provides excellent accessibility. Forklift and racking are available. The property is available immediately and is within walking distance of borough shopping, restaurants, and the train station. This combination of immediate income, versatile space, and prime location presents a compelling investment opportunity.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,354,113
- 6.5%
- $1,249,950
- 7%
- $1,160,668
-
Comparable approach
- Method
- Valuation
- Relative Method
- $717,015
- Geo Method
- $712,228
-
Alternative Use
- Use
- Valuation
- Residential
- $1,549,938
- Hospitality
- $1,419,735
- Educational
- $1,181,203
- Medical
- $1,221,826
- Retail
- $1,837,427
Location Insight
- City
- Lansdale
- County
- Montgomery
- State
- Pennsylvania
- Latitude
- 40.2455
- Longitude
- -75.2889
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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