Versatile 17,000 SF Commercial
1060 Greeley Ivyland, PA 18974
For Sale
$875,000
Adaptable commercial building with development potential in the BC District.
Property Size17,000 SF
Price / SF$51.47
Days on Market129
Property Features for 1060 Greeley
General Information
Standard status
Active
Size
17,000 SF
Property subtype
Commercial
Building Details
Year Built
1850
Listing Agency:
24-7 REAL ESTATE, LLC
(215) 891-0777
Listed By:
JOANRENETTE M NIEDRIST · License #RS307762
Source:
Corcoran
Added: Mar 22
Changed: Jul 6
Last Checked: Jul 27 at 8:56AM
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 24-7 REAL ESTATE, LLC
Investment Insights
Based on property information with market context.
This 17,000 sq ft commercial property, located within the BC District, presents a flexible opportunity for investors, developers, or owners. The existing structure offers a flexible layout suitable for a range of uses, including mixed-use or residential conversion (in progress), bed and breakfast/hospitality, day care or educational facility, religious or assembly use, agricultural/grow operation, garden center or retail, and warehouse, storage, or light commercial purposes. The seller is currently pursuing approvals for an apartment conversion, presenting a potential for future residential or mixed-use development. This property offers scale and adaptability.
Key Highlights
- Expansive 17,000 sq ft commercial property offers significant scale and development potential.
- Flexible layout adaptable to a wide range of uses.
- Potential for mixed‑use or residential conversion, with approvals currently in progress.
Financial Insights For Mixed Use
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 | $110.5k | $6.50 |
| − Vacancy | −$14.0k | −$0.83 |
| EGI | $96.5k | $5.67 |
| − OpEx | −$36.2k | −$2.13 |
| NOI | $60.3k | $3.55 |
17,000 SF · lease $6.50/SF/yr · vacancy 12.70% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$861.3K
$753.7K – $1.00M
NOI $60,292 @ 7.0% cap · market cap 6.89%
Second Best
Hotel Hospitality
$654.6K
$572.8K – $763.7K
NOI $45,822 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$5.15M
$4.51M – $6.01M
NOI $360,796 @ 7.0% cap · market cap 41.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Adaptable commercial building with development potential in the BC District.
Where is this mixed-use property located?
The property is located at 1060 Greeley Ivyland, PA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Expansive 17,000 sq ft commercial property offers significant scale and development potential.; Flexible layout adaptable to a wide range of uses.; Potential for mixed‑use or residential conversion, with approvals currently in progress.
