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    115 Main St Collegeville, PA 19426

    For Sale
    $1,300,000

    High-Yield, Fully Leased Office Property

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional investment opportunity presents a fully leased, 1300000 USD office building located at 115 W Main Street in Collegeville, Pennsylvania. Situated on a 0.46-acre lot, the property offers a turnkey solution for investors seeking immediate cash flow. The anchor tenant is MyEyeDr, a prominent national eye care provider with over 500 locations, ensuring strong tenant stability. A significant value-add opportunity exists with one smaller tenant currently operating under a month-to-month lease at below-market rent. This presents the potential for immediate rental income increases. Furthermore, the buyer may be able to incorporate a management fee into the common area maintenance (CAM) charges, generating additional revenue. The building is conveniently equipped with an elevator and is fully compliant with the Americans with Disabilities Act (ADA) accessibility standards. Ample parking is provided with 22 dedicated off-street spaces for tenants and visitors. This property represents a compelling investment prospect with significant upside potential due to the existing lease structure and the potential for increased revenue streams. The strong anchor tenant and the strategic location in Collegeville, PA, contribute to the overall attractiveness of this offering. This is a rare opportunity to acquire a well-maintained, fully leased office building in a desirable location.

    Property Features for 115 Main St

    General Information

    Property type
    Office Properties & Spaces
    Lot Size
    20,038 SF

    Building Details

    Year Built
    2010
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Clark Stuart OD Optometrist Tresssa Malikkal Optician Vision & Learning Center Optometrist MyEyeDr. Contact Lenses Supplier A List Salon & Waxing Waxing Hair Removal Service

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Clothing Store Building Supply Daycare Center Kitchen & Bath Hotel & Motel Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Collegeville
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.46646
    Latitude
    40.19505

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    FAQs

    What type of property is this?
    Office Property / Space - High-Yield, Fully Leased Office Property
    Where is this office property / space located?
    The property is located at 115 Main St Collegeville, PA.
    What is the asking price?
    The asking price for this property is $1,300,000.
    (484) 497-9150
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    115 Main St Collegeville, PA 19426
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    Collegeville, PA 19426
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    Realmo Value Estimation

    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.

    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.

    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
    115 Main St Collegeville, PA 19426
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