Property profile

131 Morton Ave Folsom, PA 19033

OFF-MARKET
Gas stations
Property ID
US73-0459518
1,800 SF 0.91 ac lot Built 1960
Entity Owned 6-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial land parcel in Folsom, Pennsylvania presents a unique investment opportunity. Strategically situated between Vybe Medical and Carli Automotive, this location offers unparalleled visibility and accessibility. The property is currently available for lease at a monthly rate of $2,500. This lease does not include access to the Carli Automotive property. A significant advantage is the inclusion of 15 dedicated parking spaces located at the rear and side of the property. While these spaces are currently available, securing permits for additional parking will be the responsibility of the landlord. The current owner is actively pursuing the construction of a three-bay garage, ideally suited for a mechanic, auto body shop, or other automotive-related business. This build-to-suit option provides a flexible and customizable solution for prospective tenants. The property's prime location, combined with the potential for a new, purpose-built garage and ample parking, makes this an exceptional opportunity for businesses seeking a strong foothold in the thriving Folsom market. The land itself is currently unimproved, offering a blank canvas for development tailored to specific business needs. Serious inquiries are encouraged to explore this exciting prospect further.

Property profile

Verified
Property type Gas stations
Use group GAS STATION
Year built 1960
Total area 1,800 SF
Lot 0.91 ac (39,683 SF)
APN 38-03-01631-00
UPID US73-0459518

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop

Location

131 Morton Ave Folsom, PA 19033-3022
Folsom metro Census 404102 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2019
3 recorded transactions
2019
$320,000
2001
$580,000
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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