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The Watertower Building 6198 Butler Pike

24,000 SF 80% Leased Office Building Blue Bell, PA 19422 $2,450,000 ($102/SF) 9.57% Cap Rate

Investment Highlights

  • 25,956 SF office building, 24,000 rentable with ample parking
  • Prime location in Blue Bell located off the intersection of Rt73 and Butler Pike, Close to Route 476, 202, 76 and PA Turnpike
  • Zoned VC-4 for versatile use, Ideal for diverse business ventures
  • New roof and HVAC system in 2022, Meticulously maintained and updated
  • An average household income of over $173,000 and population of over 43,000 within 3 miles
  • Built in 1968 with enduring appeal, renovated in 2004, Timeless architecture with modern functionality

Executive Summary

Presenting an exceptional Professional commercial building opportunity in the highly sought-after Blue Bell area. This meticulously renovated 25,956 SF office building is currently tenant occupied with leases ending in 2025 with one tenant that occupies the 2nd floor and several smaller tenants that occupy the 1st floor. The new purchaser can continue to operate it as an investment property or purchase it for your own business. Zoned VC-4, the property offers versatility to accommodate a wide range of permitted uses, making it an attractive and flexible investment.
Strategically nestled in the esteemed community of Blue Bell, the location of the property offers a captivating mix of modern conveniences and scenic allure. Within close proximity, tenants will discover Blue Bell's thriving business district, showcasing a diverse selection of dining, retail, and entertainment options. The area also boasts access to esteemed corporate centers, such as the adjacent Montgomery Pointe and Union Meeting Corporate Center, fostering a prestigious business environment. With seamless access to major thoroughfares and its nearness to Philadelphia, this location presents an exceptional opportunity for office building investors seeking a dynamic and well-connected business hub.

Financial Summary (Pro forma - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
24,000 SF
Building Class
B
Year Built/Renovated
1968/2004
Price
$2,450,000
Price Per SF
$102
Cap Rate
9.57%
NOI
$234,420
Percent Leased
80%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
12,000 SF
Slab To Slab
10’
Building FAR
0.30
Land Acres
1.83 AC
Zoning
VC4 - Zoned for versatile use, Ideal for diverse business ventures
Parking
84 Spaces (3.5 Spaces per 1,000 SF Leased)

Amenities

  • Signage
  • Basement
  • Central Heating
  • Direct Elevator Exposure
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
65-00-01378-006
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,313,500
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
  • Listing ID: 32026506

  • Date on Market: 6/5/2024

  • Last Updated:

  • Address: 6198 Butler Pike, Blue Bell, PA 19422

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