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The Pencil Factory 2337 Philmont Ave

31,000 SF 92% Leased Office Building Huntingdon Valley, PA 19006 $3,550,000 ($115/SF) 8.87% Cap Rate

Investment Highlights

  • Near Septa West Trenton Rail Line
  • Convenient to Holy Redeemer Hospital
  • Dense Population
  • Near Septa Route 88 Bus Line
  • Free Parking
  • Lower Property and Business Taxes than surrounding towns

Executive Summary

This building is 90% occupied. The remaining space is available for lease. This building is two stories with a new passenger elevator.

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
31,000 SF
Building Class
C
Year Built/Renovated
1925/2019
Price
$3,550,000
Price Per SF
$115
Cap Rate
8.87%
NOI
$315,000
Percent Leased
92%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
15,500 SF
Slab To Slab
9’
Building FAR
0.17
Land Acres
4.28 AC
Zoning
Commercial/Office - 2337 Philmont is a combination office, service and professional Property.
Parking
40 Spaces (1.29 Spaces per 1,000 SF Leased)

Amenities

  • Air Conditioning

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • -
  • 2,250 SF
  • -
  • -

At American Legal Abstract we pride ourselves on doing business as unusual. That’s because business as usual is not good enough for us or for our clients. We are committed to being the best title insurance and settlement service provider in our market. Because we understand that preserving your client relationships is your top priority, we make it ours We’re attorney-based and service-oriented and can offer a wider scope of services, saving you time and effort by performing tasks such as deed preparation and obtaining mortgage payoff statements. Our professionalism and steadfast support of our business partners throughout the entire transaction make the real estate closing a cause for celebration for your clients.

  • ASAP Language Learning Center
  • -
  • 600 SF
  • -
  • -
  • Bryan A George Esq
  • -
  • 600 SF
  • -
  • -
  • -
  • 750 SF
  • -
  • -

From the moment we begin our business relationship we demonstrate our careful attention to detail that you will soon come to depend on. We start by listening to you, and finding out in which direction you wish your business or personal accounting services to go. After careful consideration, we advise you what steps should be taken to begin this journey. Finally, we prepare a program for you to suit your particular business or personal situation. But that’s not where it ends! Once you become one of our clients, we are always available to answer your questions, counsel you in financial matters, and discuss new circumstances as they may arise.

  • First Amerinet Corp.
  • -
  • 1,200 SF
  • -
  • -
  • -
  • 2,250 SF
  • -
  • -

Jeffrey M. Brown Associates has offered construction management, general construction, design/build, construction consulting and project development services throughout the Northeast and mid-Atlantic regions of the United States since 1984. With one of its two offices in Huntingdon Valley, Pa., the firm serves residential, commercial, industrial and institutional sectors with new construction and renovations. Jeffrey M. Brown Associates delivers complex construction projects performed under unique and challenging circumstances, while serving as an advocate for its clients. <>

  • JG McSherry Property Management
  • -
  • 840 SF
  • -
  • -
  • -
  • 600 SF
  • -
  • -

The Law Offices of Glen S. Barry, P.C. represent personal injury and wrongful death victims in Philadelphia, PA and the surrounding areas. We guarantee all callers will speak directly with an attorney to discuss their case.

  • -
  • 600 SF
  • -
  • -

MBA Abstract provides title insurance and settlement services locally and nationally. Our goal is to serve our clients in a professional manner with personalized service, quick turnaround time and reasonable costs. We maintain the highest level of integrity and adherence to industry standards. A dream collaboration by the owners, Maria Bogdanova and Alana London, MBA Abstract officially opened in 2006. Together, these two young entrepreneurs have been in the title insurance industry for over 20 years. They are constantly enhancing their knowledge and adjusting to the ups and downs typical of the business. MBA Abstract is the perfect pairing of synergistic individuals and tripled in size within the span of one year. With a loyal client base and a staff of knowledgeable title professionals, MBA Abstract will take care of the details so you can focus on your clients.

  • Swan Life Essentials
  • -
  • 600 SF
  • -
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease End
- 2,250 SF - -
ASAP Language Learning Center - 600 SF - -
Bryan A George Esq - 600 SF - -
- 750 SF - -
First Amerinet Corp. - 1,200 SF - -
- 2,250 SF - -
JG McSherry Property Management - 840 SF - -
- 600 SF - -
- 600 SF - -
Swan Life Essentials - 600 SF - -

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste 107 & 107A
  • 2,270 SF
  • Office
  • Partial Build-Out
  • Now

Space is currently being used as a physical training center for children. It has some private offices and its past use has always been office space.

  • 1st Fl - 108
  • 2,750 SF
  • Flex
  • Shell Space
  • 30 Days

Flex space that can be used as either industrial or office. Space is currently built out as a warehouse but can be converted to office by the owner for a price of $18.50 SF/Yr. The office space would look like the other office spaces in the building. The space has its own entrance and windows on either side of the space.

  • 2nd Fl-Ste 202
  • 80 SF
  • Office
  • Full Build-Out
  • Now

12 individual offices varying from 85 square feet to 400 square feet. Utilities included along with WiFi and printer. These spaces are fairly new to the market place. Six have been Leased out

  • 2nd Fl-Ste 202 Suite#6
  • 110 SF
  • Office
  • -
  • Now

This is co-share space which will be available November 1, 2024. It is all inclusive including WiFi. There is a common area kitchen and common area conference area.

Space Size Space Use Condition Available
1st Fl-Ste 107 & 107A 2,270 SF Office Partial Build-Out Now
1st Fl - 108 2,750 SF Flex Shell Space 30 Days
2nd Fl-Ste 202 80 SF Office Full Build-Out Now
2nd Fl-Ste 202 Suite#6 110 SF Office - Now

1st Fl-Ste 107 & 107A

Size
2,270 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

1st Fl - 108

Size
2,750 SF
Space Use
Flex
Condition
Shell Space
Available
30 Days

2nd Fl-Ste 202

Size
80 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

2nd Fl-Ste 202 Suite#6

Size
110 SF
Space Use
Office
Condition
-
Available
Now

1st Fl-Ste 107 & 107A

Size 2,270 SF
Space Use Office
Condition Partial Build-Out
Available Now

Space is currently being used as a physical training center for children. It has some private offices and its past use has always been office space.

1st Fl - 108

Size 2,750 SF
Space Use Flex
Condition Shell Space
Available 30 Days

Flex space that can be used as either industrial or office. Space is currently built out as a warehouse but can be converted to office by the owner for a price of $18.50 SF/Yr. The office space would look like the other office spaces in the building. The space has its own entrance and windows on either side of the space.

2nd Fl-Ste 202

Size 80 SF
Space Use Office
Condition Full Build-Out
Available Now

12 individual offices varying from 85 square feet to 400 square feet. Utilities included along with WiFi and printer. These spaces are fairly new to the market place. Six have been Leased out

2nd Fl-Ste 202 Suite#6

Size 110 SF
Space Use Office
Condition -
Available Now

This is co-share space which will be available November 1, 2024. It is all inclusive including WiFi. There is a common area kitchen and common area conference area.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
41-00-06946-006
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$887,500
  • Listing ID: 31027103

  • Date on Market: 2/23/2024

  • Last Updated:

  • Address: 2337 Philmont Ave, Huntingdon Valley, PA 19006

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