550 Lewis RdRoyersford, PA 19468

Property Details for 550 Lewis Rd

Year built

1997

Lot size

3.19 AC

Property size (Sq ft)

6,560 SF

Zone code

OLI

Property type

Retail properties

Property subtype

Gas stations

APN

37-00-01610-00-9

APU

370001610009

Description

This exceptional 8.59-acre commercial land parcel in Royersford, Pennsylvania, presents a unique investment opportunity. Located at 550 N Lewis Rd, 19468, Montgomery County, the property boasts an ideal location with high visibility and accessibility. Zoned RB - Retail Business, it allows for a wide range of uses including hotel, retail, fast food, medical facilities, car washes, and daycare centers, among others. A significant advantage is the existing conditional use approval for a 56,000 square foot (58-unit) assisted living complex. The site features a one-acre pad at a traffic signal, adjacent to a Wawa with gas, ensuring high traffic exposure. The remaining 7.59 acres are elevated, providing exceptional visibility from Route 422. This high-growth corridor has seen a remarkable 56.4% population increase between 2000 and 2023. The property's strategic location benefits from an annual average daily traffic count of 41,000 on Route 422 and 18,000 on North Lewis Road. Furthermore, the median household income within a one-mile radius is a substantial $119,763, indicating strong consumer spending power. The property's APN is 37-00-01738-007. This prime location and flexible zoning make this an exceptional opportunity for developers and investors seeking high-return potential in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,660,897

  6.5%

  $2,456,212

  7%

  $2,280,768

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,267,926

  Geo Method

  $2,159,966

• Alternative Use

  Use

  Valuation

  Residential

  $2,071,907

  Hospitality

  $1,897,856

  Educational

  $1,578,994

  Medical

  $1,633,298

  Retail

  $2,456,212

Location Insight

City

Royersford

County

Montgomery

State

Pennsylvania

Latitude

40.2147

Longitude

-75.5445

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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