Prime Office Space, Abundant Parking, Excellent Location
Description
Added:
Feb 3, 2025
Days on Market:
314
This exceptional office space in Collegeville, PA, offers immediate lease availability for two suites totaling over 2,633 square feet. Located at 555 2nd Avenue, Unit D-6, the property features two contiguous suites (Suite 205, just over 1,700 sq ft, and Suite 206, just over 933 sq ft) that can be leased separately or combined to create a larger, highly functional workspace. The suites boast a private entrance for clients, multiple exits for convenient access, and easy elevator access. This versatile space is ideal for a variety of professional uses, including medical practices, law firms, accounting firms, or any business seeking a prominent presence in the Collegeville area. Parking is never an issue, with ample parking lots directly adjacent to the building. The building enjoys a highly convenient location in the heart of Collegeville, directly across from a Wawa and a short distance from the Providence Town Center, an open-air shopping and restaurant mall. The property sits on a 0.46-acre lot. Collegeville's strategic location provides easy access to major roadways, including Routes 422 and 29, offering convenient commutes to nearby towns such as Oaks, Audubon/Trooper, Schwenksville, and Phoenixville. The area is experiencing significant growth, with major corporations like Pfizer, Dow Chemical, and GlaxoSmithKline having a substantial presence in the surrounding region. This is a rare opportunity to secure prime office space in a thriving and highly desirable location. Don't miss out!
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555 Sui Collegeville, PA 19426
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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.
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555 Sui Collegeville, PA 19426
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555 Sui, Collegeville, PA
Kimberly Chadwick
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