Building Details

Year Built 1875

Listing Agency: RE/MAX Action Associates i***@homesinpa.com Show Phone

Listed By: Kerry T Stutzman · License #RS366440 Show Phone

Source: Cummingsrealtors

Added: Jun 22 Changed: Oct 15 Last Checked: Oct 16 at 9:29AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Action Associates

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Investment Insights

Based on property information with market context.

This storefront property includes a spacious seating area and prominent windows oriented toward Main Street. The space was previously operated as a café and can accommodate a range of commercial concepts, including a bakery, café, grill, retail operation, or professional use.

The property is located at 104 S Main Street #1 in North Wales, Pennsylvania. Its setting is described as having pedestrian and vehicle traffic, with convenient access and exposure along Main Street. The 480 property-size figure and 1875 construction year are part of the property record.

Key Highlights

• Main Street storefront at 104 S MAIN STREET #1, NORTH WALES, PA 19454
• 480 property size
• Previously operated as a café

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$5,794

Suggested Prices Based on Cap Rates

Cap Rate 5%

$115,880 $115.9K

Cap Rate 7%

$82,771 $82.8K

Cap Rate 9%

$64,378 $64.4K

What to ask about pricing

Market Conditions

NOI Build-Up for 480 SF

Gross rent

$8.6K $18.00/SF

− Vacancy

−$363 −$0.76/SF

EGI

$8.3K $17.24/SF

− OpEx

−$2.5K −$5.17/SF

NOI

$5.8K $12.07/SF

Area

Montgomery County, PA

Vacancy

4.20%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$115,880

Cap Rate 7%

$82,771

Cap Rate 9%

$64,378

Alternative Uses

Best Use

Specialty Retail

$276.1K

$241.6K – $322.1K (±1% cap)

NOI $19,327 @ 7.0% cap · market cap 2,034.42%

Second Best

Retail

$82.8K

$72.4K – $96.6K (±1% cap)

NOI $5,794 @ 7.0% cap · market cap 609.89%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Superstar Massage Alternative Medicine Practice Whoa Nutrition Specialty Food Shop

Suggested Use

Top Pick Bakery Grocery & Convenience Store Nail Salon Kitchen & Bath Showroom Law Firm (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

521

Businesses Nearby

15k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 86% Dining 14%

Wawa Shops & Services

12,561 visits/mo 0.4 miles

Papa John's Pizza Dining

2,069 visits/mo 0.0 miles

Demographics for 19454, PA

28,833

Population

11,212

Households

2.6

Avg Household Size

46

Median Age

53%

College-Educated

96%

High-School Grad

12.3 sq mi

ZIP Area

2,344

Density / Sq Mi

$114,323

Median Household Income

$61,287

Median Earnings

$1,762

Median Rent

$438,200

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - Existing seating and street-facing windows support retail, café, bakery, grill, and professional-use concepts.

Where is this storefront property located?

The property is located at 104 S MAIN STREET #1 North Wales, PA.

What are key features of this property?

This property features: Main Street storefront at 104 S MAIN STREET #1, NORTH WALES, PA 19454; 480 property size; Previously operated as a café