Norwood Professional Bldg | 515 Chester Pike
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Norwood Professional Bldg 515 Chester Pike
3,441 SF 20% Leased Office Building Norwood, PA 19074 $625,000 ($182/SF) 8% Cap Rate
Investment Highlights
- High visibility and foot traffic
- Open plan in commercial unit
- Lots of windows and natural light
Executive Summary
Welcome to 515 Chester Pike! Newly renovated!!! Here is a prime investment opportunity featuring commercial space and a spacious four-bedroom apartment on the upper level. The commercial unit offers flexibility for a new business venture or lease opportunity. This is a beautiful open-concept space, with a large half bathroom, and sizable office. This commercial unit includes additional space that is currently being rented to business next door at $1050./month. Above these commercial space, the four-bedroom apartment has been completely renovated, providing modern amenities and a comfortable living environment. With its fresh renovations, this apartment is perfect for potential tenants looking for a stylish and convenient home. This apartment has its own private entrance on Chester Pike. This property is located in a bustling area with high visibility and foot traffic. Parking on and off street. This is an ideal choice for investors looking to maximize their return in a thriving community. Don't miss out on this exceptional property!
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
1945
Price
$625,000
Price Per SF
$182
Cap Rate
8%
NOI
$50,000
Percent Leased
20%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,721 SF
Slab To Slab
10’
Building FAR
1.98
Land Acres
0.04 AC
Zoning
Commercial - 2 STY BLDG OFC APT 43 X 37
Parking
2 Spaces (0.58 Spaces per 1,000 SF Leased)
Amenities
- Wheelchair Accessible
- Basement
- Central Heating
- High Ceilings
- Hardwood Floors
- Air Conditioning
1 of 1
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 |
PROPERTY TAXES
Parcel Number
31-00-00066-00
Land Assessment
$216,580
Improvements Assessment
$133,640
Total Assessment
$350,220
-
Miriam Mosquera-Martinez -
Elfant Wissahickon Realtors, Inc.
(215) 247-3600
x306
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Norwood Professional Bldg | 515 Chester Pike
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