Spring House Plaza I | 821 N Bethlehem Pike
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Spring House Plaza I 821 N Bethlehem Pike
24,214 SF 94% Leased Retail Building Lower Gwynedd, PA 19002 $4,200,000 ($173/SF) 6.32% Cap Rate
Investment Highlights
- Located on a major thoroughfare.
- The site is conveniently positioned with proximity to major roads, including Route 309 and the Pennsylvania Turnpike.
- The location offers easy access to public transportation and major roadways, enhancing convenience for all users.
- This property enjoys high visibility and easy access, enhancing its appeal for businesses looking to attract foot traffic and clients
- Ample parking is available for employees and clients.
- The building is situated near shopping centers, restaurants, and other local amenities.
Executive Summary
Mosaic Brokerage Group Commercial is pleased to present this opportunity to purchase the Spring House Shopping Center located at 821 N. Bethlehem Pike in Lower Gwynedd Township. Spring House Shopping Center offers 21,000+ SF of gross rentable area spread across three buildings. At the time of this marketing, the shopping center is 100% occupied by 11 different tenants. The shopping center sits on a 1.77 Acre site and features 153' of frontage along the heavily trafficked N. Bethlehem Pike. This stretch of Bethlehem Pike lies within the Business D and the Lower Pike Overlay Districts. Those zoning designations simultaneously support the current use of the shopping center while also encouraging future development.
Financial Summary (Actual - 2022) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2022) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
24,214 SF
Building Class
C
Year Built/Renovated
1920/1989
Price
$4,200,000
Price Per SF
$173
Cap Rate
6.32%
NOI
$265,550
Percent Leased
94%
Tenancy
Multiple
Building Height
2 Stories
Loading Docks
1 Exterior
Building FAR
0.31
Land Acres
1.77 AC
Zoning
D Business District - D Business District
Parking
32 Spaces (1.32 Spaces per 1,000 SF Leased)
Frontage
153 FT on N Bethlehem Pike
Amenities
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
2nd floor office space. Previously used as beauty salon / education facility
| Space | Size | Space Use | Position | Available |
| 200 | 1,500 SF | Office/Retail | In-Line | Now |
200
| Size |
| 1,500 SF |
| Space Use |
| Office/Retail |
| Position |
| In-Line |
| Available |
| Now |
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200
| Size | 1,500 SF |
| Space Use | Office/Retail |
| Position | In-Line |
| Available | Now |
2nd floor office space. Previously used as beauty salon / education facility
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 39-00-00367-008 | Improvements Assessment | $493,950 (2024) |
| Land Assessment | $413,040 (2024) | Total Assessment | $906,990 (2024) |
PROPERTY TAXES
Parcel Number
39-00-00367-008
Land Assessment
$413,040 (2024)
Improvements Assessment
$493,950 (2024)
Total Assessment
$906,990 (2024)
-
Keith Burke -
Mosaic Brokerage Group Commercial
Learn More About Investing in Retail Properties
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Spring House Plaza I | 821 N Bethlehem Pike
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