Oreland Shopping Center 1 Allison Rd

19,386 SF 97% Leased Retail Building Oreland, PA 19075 $3,650,000 ($188/SF)

Investment Highlights

  • Situated at the intersection of Bruce and Allison Roads, directly across from SEPTA's Oreland Station for excellent accessibility.
  • The center features a mix of local and regional businesses, enhancing its appeal and community presence.
  • Constructed in the 1950s, the center has a classic charm and character that adds to its appeal.
  • Comprised of approximately 19,386 square feet, creating a vibrant hub for local and regional tenants.
  • Located in an affluent suburb with average household incomes exceeding $129,000 within a 5-mile radius, providing a strong customer base.
  • Oreland is a well-established suburb of Philadelphia, ensuring a stable and supportive environment for businesses.

Executive Summary

The Oreland Center, located at 1 Allison Rd, is an inviting community retail center offering approximately 19,386 square feet of space, occupied by a mix of local and regional tenants, making it a vibrant hub for the area. Constructed in the 1950s, the property boasts historical charm while being conveniently situated at the intersection of Bruce and Allison Roads, directly across from SEPTA's Oreland Station, ensuring excellent accessibility for customers. Nestled in the affluent suburb of Oreland, PA, the center benefits from a strong demographic with average household incomes exceeding $129,000 within a 5-mile radius, providing a solid customer base. Priced at $3,650,000, this property presents a compelling investment opportunity in a well-established market.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
19,386 SF
Building Class
B
Year Built
1950
Price
$3,650,000
Price Per SF
$188
Percent Leased
97%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
1.55 AC
Zoning
S
Parking
60 Spaces (1.2 Spaces per 1,000 SF Leased)
Frontage
233 FT on Bruce Rd

Amenities

  • Pylon Sign

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 500 SF
  • Retail
  • -
  • Now
Space Size Space Use Position Available
1st Floor 500 SF Retail - Now

1st Floor

Size
500 SF
Space Use
Retail
Position
-
Available
Now

Nearby Major Retailers

Santander
KeyBank
ACME

PROPERTY TAXES

  • Listing ID: 33475243

  • Date on Market: 10/10/2024

  • Last Updated:

  • Address: 1 Allison Rd, Oreland, PA 19075