Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    701 SPRING MILL Avenue Conshohocken, PA 19428

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $699,900

    Commercial Sale - CONSHOHOCKEN, PA

    Type:Office
    Lot size:
    0.10 Acres
    Added:
    Mar 3, 2026
    Days on Market:
    44
    Last Refresh:
    Apr 16 at 12:06 am

    Property Features for 701 SPRING MILL Avenue

    General Information

    Property type
    Other
    Property subtype
    Office
    Parking
    8
    Parking features
    Driveway, On Street
    Standard status
    Active Under Contract
    Lot size
    0.10 Acres

    Taxes and HOA fees

    Tax Annual Amount
    4279

    Utilities

    Heating system
    Hot Water(Heating)

    Building Details

    Year built
    1927
    Number of units
    3

    We can help!

    Listing Contact
    Thomas Higgins

    Listing agent Thomas Higgins License #RS176625L

    Listing office Keller Williams Real Estate-Blue Bell 910 Harvest Drive unit: 100, Blue Bell, PA

    Listing date Mar 3, 2026

    MLS# PAMC2169254

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Conshohocken Mixed-Use Corner Property

    This mixed-use corner property in Conshohocken Borough features a 5-bedroom residence, an attached commercial storefront/office, and two garages totaling four spaces, plus four off-street parking spaces. The property is currently generating income with month-to-month tenants. Its corner positioning and Mixed Use zoning may allow for retail/shop use and future value-add or redevelopment possibilities. The property is located minutes from the Spring Mill Train Station, Schuylkill River Trail, major highway access, local shopping, and access to Philadelphia. It is also steps from restaurants, shops, and cafes, and minutes from I-476 and I-76.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Conshohocken
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.29409
    Latitude
    40.07514

    Nearby Similar for Sale

    • $650,000
      1,916 SF

      Conshohocken Duplex: Investor Opportunity

      Solid brick duplex in Conshohocken, ideal for investors or owner-occupants.
      131 W 4TH Avenue, CONSHOHOCKEN, PA 19428
      View Details
    • $699,900
      4,095 SF

      Mixed-Use Corner Property in Conshohocken

      Mixed-use property with income potential near Philadelphia.
      701 SPRING MILL Avenue, CONSHOHOCKEN, PA 19428
      View Details
    • $899,000

      Warehouse on Large Lot

      Warehouse with reception, two restrooms, and off-street parking.
      5 RIVER RD, CONSHOHOCKEN, PA 19428
      View Details
    • $185,000

      Land in Conshohocken, PA

      Land available for sale in Conshohocken, Pennsylvania.
      E MATSONFORD Road, CONSHOHOCKEN, PA 19428
      View Details
    • $899,000
      3,500 SF

      Whitemarsh Township Warehouse Opportunity

      Warehouse with reception area, two restrooms, and off-street parking.
      5 River Rd, CONSHOHOCKEN, PA, 19428-2420
      View Details
    • $2,100,000
      8,400 SF

      Retail Property Near Transportation Hub

      Retail property with parking and easy transportation access.
      1024 Matsonford Rd, Conshohocken, PA
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with residential, commercial, and garage units.
    Where is this mixed-use property located?
    The property is located at 701 SPRING MILL Avenue Conshohocken, PA.
    What is the asking price?
    The asking price for this property is $699,900.
    What are key features of this property?
    This property features: Mixed‑use property featuring a spacious 5‑bedroom residence, a commercial storefront, and garages for multiple income streams.; Prime corner location in Conshohocken Borough offering potential for future value‑add or redevelopment.; Benefit from four garage spaces plus four off‑street parking spaces.
    (215) 275-0591
    We can help!
    Listing Contact
    Thomas Higgins
    Real Estate License ID: RS176625L
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!