2333 Welsh RdLansdale, PA 19446

  • Community centers
  • 220,124 SF

Property Details for 2333 Welsh Rd

Year built
2019
Lot size
33.16 AC
Property size (Sq ft)
220,124 SF
Zone code
SC
Property type
Community centers
APN
35-00-11410-00-3
APU
350011410003

Description

Ralph's Corner Shopping Center, a thriving retail strip center in Lansdale, Montgomery County, Pennsylvania, offers exceptional leasing opportunities. This prominent 236,175 square foot center boasts a diverse tenant mix, including established national brands like Kohl's, Aldi, Ross, Fine Wine & Good Spirits, Applebee's, and CVS. The center's strategic location ensures high visibility and accessibility, with three convenient access points catering to a robust weekday and weekend customer base. Strong traffic counts and high household incomes in the surrounding area contribute to a consistently strong performance. Available spaces cater to a variety of needs, ranging from a junior anchor space of 11,675 square feet to inline/endcap units from 2,500 to 8,965 square feet. A 1.14-acre pad site is also available for development. The recently opened premium Fine Wine & Good Spirits store further enhances the center's appeal and draws significant foot traffic. This is an unparalleled opportunity to join a successful retail center in a prime location with a proven track record of success. Minimum divisible space is 2,500 square feet, with a maximum contiguous space of 11,675 square feet. The center's strong tenant roster and high-traffic location make it an ideal investment for businesses seeking high visibility and a strong customer base in a thriving Montgomery County market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $80,382,856
    6.5%
    $74,199,560
    7%
    $68,899,592
  • Comparable approach

    Method
    Valuation
    Relative Method
    $72,965,912
    Geo Method
    $72,478,736
  • Alternative Use

    Use
    Valuation
    Residential
    $62,590,104
    Hospitality
    $57,332,196
    Educational
    $47,699,716
    Medical
    $49,340,180
    Retail
    $74,199,560

Location Insight

City
Lansdale
County
Montgomery
State
Pennsylvania
Latitude
40.2628
Longitude
-75.316
CBSA code
37980
CBSA name
PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$439,830
-
-
$10,985,980
-
-
-
$10,985,980

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