1518-1520 Bethlehem Pike
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1518-1520 Bethlehem Pike
3,000 SF 100% Leased Retail Building Flourtown, PA 19031 $385,000 ($128/SF)
Investment Highlights
- The storefront, presents excellent signage and has enjoyed a consistent tenancy history.
- This property presents a great opportunity for an investor or owner-occupant
- The area includes two supermarkets, several coffee shops, and a Movie Tavern.
- Conveniently located nearChestnut Hill, Center City, Route 309, and other major travel routes, this property is highly accessible.
Executive Summary
Prime Flourtown Multi-Use building offers two residential one-bedroom apartments & 2-3 commercial units,located in the prime shopping district of Springfield Township. The storefront, presents excellent signage andhas enjoyed a consistent tenancy history. The first-floor commercial space spans approximately 1,500 sq ft,with an additional 125 sq ft office on the second floor and about 1,200 sq ft in residential apartments. Theproperty is equipped with 200 AMP electric service. The space may be divided as needed. Photos are frompast tenant spaces. Property needs work. Rents have never been increased so they are way below marketvalue. One unit pays $750/mo, the other unit was paying $750/mo. There are 3 vacant store fronts. The lasttenat was paying $700/mo. The area includes two supermarkets, several coffee shops, and a Movie Tavern.This property presents a great opportunity for an investor or owner-occupant. Conveniently located nearChestnut Hill, Center City, Route 309, and other major travel routes, this property is highly accessible. Makean offer today!!
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,000 SF
Building Class
C
Year Built
1890
Price
$385,000
Price Per SF
$128
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.63
Lot Size
0.11 AC
Zoning
B2 - a zoning district that typically allows a variety of uses, including retail, office, and community services
Parking
6 Spaces (2 Spaces per 1,000 SF Leased)
Frontage
47 FT on Bethlehem Pike
Walk Score ®
Very Walkable (70)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 52-00-01861-004 | Improvements Assessment | $116,000 |
| Land Assessment | $99,280 | Total Assessment | $215,280 |
PROPERTY TAXES
Parcel Number
52-00-01861-004
Land Assessment
$99,280
Improvements Assessment
$116,000
Total Assessment
$215,280
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1518-1520 Bethlehem Pike
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