101 N PROVIDENCE Road, Wallingford, PA 19086
Commercial Sale - WALLINGFORD, PA
- Added:
- May 24, 2024
- Days on Market:
- 766
- Last Refresh:
- Jun 28 at 9:06 am
Property Features for 101 N PROVIDENCE Road
General Information
- Property type
- Other
- Property subtype
- Office
- Parking
- 15
- Parking features
- Parking Lot
- Standard status
- Active
Taxes and HOA fees
- Tax Annual Amount
- 26636
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1921
- Number of units
- 1
- Building materials
- Stone
Listing agent Michael Mulholland License #RS277114 (484) 222-8804
Listing office Long & Foster Real Estate, Inc. 1109 W Baltimore Pike unit: E, Media, PA (610) 892-8300
Listing date May 24, 2024
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.
HighLights
- High‑visibility location with two‑street frontage, ideal for investment or owner‑occupied office space.
- On‑site parking for 15 vehicles.
- New HVAC system installed in 2023.
- Currently leased to an engineering firm, providing immediate income (lease until at least Dec 2024).
- Unique building features including stone and steel construction, abundant natural light, and mature trees.
- Versatile lower level with conference room, gym, locker rooms, kitchenette, laboratory, and storage.
Overview
The building is located in Wallingford and is described as being close to Media, near the Blue Route, and conveniently positioned next to a SEPTA bus 118 stop. It is also noted as being near the SEPTA R-3 Commuter Rail Station in Wallingford. The property provides two-street frontage and on-site parking for 15 vehicles.
For tenants or owner-occupants seeking a functional office environment, the combination of private offices, reception, conference room, and dedicated lab space supports professional and technical teams. The existing lease to an engineering firm runs through at least December 2024, with a lease termination date of June 2025, offering continuity for a period while planning next steps.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $161.0k | $26.40 |
| − Vacancy | −$27.7k | −$4.54 |
| EGI | $133.3k | $21.86 |
| − OpEx | −$33.3k | −$5.46 |
| NOI | $100.0k | $16.39 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Wallingford
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.37585
- Latitude
- 39.90503
