Norwood Professional Bldg 515 Chester Pike
3,441 SF 20% Leased Office Building Norwood, PA 19074 $500,000 ($145/SF) 10% Cap Rate
INVESTMENT HIGHLIGHTS
- High visibility and foot traffic
- Open plan in commercial unit
- For list of approved uses, see here: https://ecode360.com/13245357
- Lots of windows and natural light
- The second floor apartment is available for occupancy by owner.
EXECUTIVE SUMMARY
This mixed-use property offers a perfect blend of retail and residential living. The ground floor features a spacious, open-concept commercial space with large display windows, making it ideal for a boutique, café, or professional office. The second floor houses a modern, four-bedroom apartment, providing an ideal living space for business owners or tenants. Enjoy a cozy living area — all while being just steps away from your business on the ground floor. It also includes additional space that is currently being rented to business next door. Whether you're looking to live above your business or rent out the apartment for additional income, this property offers both flexibility and prime location in a bustling neighborhood. The high traffic on Chester Pike ensures maximum visibility and constant exposure. Two dedicated parking spots plus lots of parking in rear. Schedule your appointment today!
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
3,441 SF
Building Class
B
Year Built/Renovated
1945/2024
Price
$500,000
Price Per SF
$145
Cap Rate
10%
NOI
$50,000
Percent Leased
20%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
1,147 SF
Slab To Slab
10’
Building FAR
1.98
Lot Size
0.04 AC
Zoning
Commercial
Parking
2 Spaces (0.58 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Smoke Detector
Walk Score®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 31-00-00066-00 | Improvements Assessment | $133,640 |
| Land Assessment | $216,580 | Total Assessment | $350,220 |
