$1,200,000
$1,299,000
7.6%For more information regarding the value of a property, please contact us for a free consultation.
4,455 SqFt
SOLD DATE : 07/29/2022
Key Details
Sold Price $1,200,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 4,455 sqft
Price per Sqft $269
MLS Listing ID PAMC2036862
Sold Date 07/29/22
Originating Board BRIGHT
Year Built 1898
Annual Tax Amount $13,391
Tax Year 2021
Lot Size 4,684 Sqft
Acres 0.11
Lot Dimensions 66
Property Description
Rare Investment Opportunity in downtown Lower Merion! Property is a cash cow and requires very little landlord involvement and is walking distance to Suburban Square and Amtrak/Septa Trains. This mix-use building contains 4 renovated apartments and 1 two story Commercial Unit. Rents are $200-300 below market as they have not been raised in years. Building has 180 feet of street frontage on the high trafficked corner of W Lancaster Ave and Holland Ave, across from the Ardmore Shopping Center. The condo-like apartments contain high end finishes including stainless steel appliances, hardwood floors, stone counter tops, and glass back-splashes. Two washers and two dryers in basement are coin operated and come with building. Very cleaned basement with recently poured slab.
There are four off-street parking spots, two exterior and two in garage for tenants' use. Opportunity to also charge for parking/garage space. Commercial unit will be delivered vacant - perfect for owner user.
Location
State PA
County Montgomery
Area Lower Merion Twp (10640)
Zoning ASDD1
Interior
Hot Water Electric
Heating Heat Pump(s)
Cooling Central A/C
Flooring Hardwood
Heat Source Electric
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type None
Garage N
Building
Foundation Slab
Sewer No Septic System
Water Public
New Construction N
Schools
School District Lower Merion
Others
Tax ID 40-00-29964-002
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Stuart Dessner • Prime Realty Group Inc
GET MORE INFORMATION
- Homes For Sale in Bear, DE
- Homes For Sale in Claymont, DE
- Homes For Sale in Clayton, DE
- Homes For Sale in Delaware City, DE
- Homes For Sale in Dover, DE
- Homes For Sale in Hockessin, DE
- Homes For Sale in Middletown, DE
- Homes For Sale in Newark, DE
- Homes For Sale in New Castle, DE
- Homes For Sale in Rehoboth Beach, DE
- Homes For Sale in Saint Georges, DE
- Homes For Sale in Townsend, DE
- Homes For Sale in Wilmington, DE
- Homes For Sale in Avondale, PA
- Homes For Sale in Coatesville, PA
- Homes For Sale in Devon, PA
- Homes For Sale in Drumore, PA
- Homes For Sale in King of Prussia, PA
- Homes For Sale in Landenberg, PA
- Homes For Sale in Lincoln University, PA
- Homes For Sale in Nottingham, PA
- Homes For Sale in Oxford, PA
- Homes For Sale in Quarryville, PA
- Homes For Sale in Springfield, PA
- Homes For Sale in West Chester, PA
- Homes For Sale in West Grove, PA
- Homes For Sale in Chesapeake City, MD
- Homes For Sale in Earleville, MD
- Homes For Sale in Elkton, MD
- Homes For Sale in Rising Sun, MD
- Homes For Sale in North East, MD