Thank you
Emily Terpak
Compass Pennsylvania, LLC
267-435-8015
Mixed-use space at a 6.1% cap rate with an expansive commercial unit on the 1st floor and two fully-occupied apartments on the 2nd floor. The commercial space was once home to a renowned hair salon but is now ready for its new owners and endless possibilities. With the building located steps away from the Elkins Park train station and the abundance of street parking, your business will allow customers and employees to come and go with ease. The first floor is currently one large open floor plan with a single wall to create a separation, 4 smaller rooms, a utility area, laundry room, and 2.5 bathrooms. Floor plans are available. You can also access the basement from 2 different points. And with its 9’8ft ceilings and three magnificent floor to ceiling windows, this is anything but an average commercial space. The zoning on this property allows for it to be used as a Bank or Financial Institution, Bed and Breakfast, Personal Care Business, Professional Service Business, Restaurant, Retail Shop, Studios for Dance, Art, Music, Photography, Yoga, or similar, Medical Office. For convenience there is a separate entrance to the apartments on the 2nd floor. Upstairs is a 1 bedroom 1 bathroom apartment ($950/mo) and a 3 bedroom 1 bathroom apartment ($2,000/mo). Tenants pay for gas/electric. Owner pays water. And both tenants are currently on a month to month lease but would like to stay and are happy to sign a one-year lease with the new owners. Both apartments are equipped with new forced air heating (gas) and cooling (2023). The 3 Bedroom unit was renovated in 2023 with new flooring, new kitchen, and a new back deck. All new HVAC ductwork in the commercial space (2024). Roof was re-done in 2022. There are 4 parking spots in the rear of the building. The commercial unit has 2 parking spots and each apartment comes with 1 parking spot.
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Water Source : Public
Cooling: Central A/C
Heating: Forced Air
Cooling Fuel: Electric
Heating Fuel: Natural Gas
Year Built: 1870
Structure: Detached
New Construction: No
Total Units: 2
Built: 1870
Construction Material: Masonry
Foundation/Basement: Block
Architecture: Other
Pool/Private: No Pool
Pool: No Pool
Sewer: Public Sewer
Water Heat: Natural Gas
Lot Size: 9,756
Dimensions: 53.00 x 0.00
Lot Size (Acres): 0.22
Architectural Style: Other
Main Square Feet: 9,756
SQ ft: 5,664
SQ ft (Living Area): 5,664
Total Lot SQ ft: 9,756
Appx. Lot Dimensions: 53.00 x 0.00
Total Acreage: 0.22
New Construction: No
Type: Other
Possession: Immediate
Days Of Market: 9
Annual Tax: $11,913
Tax Year: 2022
Total Taxes Payment Frequency: Annually
Immediate
Taxes Assessment Amount: $179,870
Total Parking Spaces: 4
Parking Lot - # of Spaces: 4
Parking Type: Parking Lot
Has Garage: N
Direction: use gps
School District: CHELTENHAM
Water Source: Public
Sewer: Public Sewer
Cooling Fuel: Electric
Heating Fuel: Natural Gas
Hot Water: Natural Gas
Direction: use gps
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
770 Jenkintown , Elkins Park, PA,19027 | $549,500 | 5 | 3 | -- | 39128 Sqft |
1331 Ashbourne Road , Elkins Park, PA,19027 | $349,000 | -- | -- | 1,961 | 10600 Sqft |
1601 W Cheltenham Avenue , Elkins Park, PA,19027 | $33,000 | -- | -- | 7,638 | 7638 Sqft |
7302 & 7302-B Keenan St.., Elkins Park, PA,19027 | $650,000 | -- | -- | 1,418 | 4467 Sqft |
7302 Keenan Street , Elkins Park, PA,19027 | $300,000 | -- | -- | 1,418 | 4466 Sqft |
7302 Keenan Street , Elkins Park, PA,19027 | $300,000 | 5 | 2.5 | 1,234 | 4466 Sqft |
1719 Ashbourne Road , Elkins Park, PA,19027 | $724,900 | 5 | 3.5 | 4,173 | 41664 Sqft |
156 Church Road , Elkins Park, PA,19027 | $415,000 | 3 | 2.5 | 2,684 | 11200 Sqft |
7301 Coventry Avenue #.., Elkins Park, PA,19027 | $144,000 | 1 | 2 | -- | -- |
8302 Old York Road #C-15, Elkins Park, PA,19027 | $265,000 | 2 | 2.0 | 1,606 | -- |
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ByOwner last updated this listing 04/29/2024 @ 19:28
MLS: PAMC2100180
LISTED BY: Emily Terpak , Compass Pennsylvania, LLC
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.