Mixed-Use Building with Leased
For Sale
$799,000
107 S Main St, North Wales, PA 19454
Mixed-use property with vacant first-floor commercial space and two leased residential units above, plus private parking.
Property Size2,250 SF
Price / SF$355.11
Days on Market95
Property Features for 107 S Main St
General Information
Standard status
Active
Size
2,250 SF
Total Parking Spaces
20
Additional Details
Multifamily Units
2
Amenities
bathroom
kitchenette
office/storage area
front and back entrances
Building Details
Year Built
1920
Listing Agency:
Noble Realty Group
Listed By:
Taras Smerechanskyy
(215) 379-0300
Source:
Kandorre
Added: Jul 25
Changed: Oct 26
Last Checked: Oct 26 at 9:18PM
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 Noble Realty Group
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Investment Insights
Based on property information with market context.
This mixed-use property includes a vacant first-floor commercial space and two leased residential units on the upper level. The first floor offers an open layout with a bathroom, kitchenette, and an office or storage area toward the back, with both front and rear entrances. Upstairs, Unit A is a 3-bedroom, 2-bath leased unit, and Unit B is a 1-bedroom, 1-bath leased unit.
The property is located in North Wales Borough and is described as being in a walkable downtown area with visibility and pedestrian traffic. Parking is available with more than 20 private spaces located behind the building, along with additional street parking.
The commercial space is positioned for a variety of retail or specialty business uses, while the residential units provide current rental income under existing leases.
The property is located in North Wales Borough and is described as being in a walkable downtown area with visibility and pedestrian traffic. Parking is available with more than 20 private spaces located behind the building, along with additional street parking.
The commercial space is positioned for a variety of retail or specialty business uses, while the residential units provide current rental income under existing leases.
Key Highlights
- Mixed‑use building at 107 S Main Street, North Wales, PA with vacant first‑floor commercial space plus two leased residential units upstairs
- Approx. 2,250 SF first‑floor commercial space (previous bath & tile showroom) with bathroom, kitchenette, and office/storage area; open layout and front/back entrances
- Unit A: 3‑bedroom, 2‑bath leased residential unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,692
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$653,840
$653.8K
Cap Rate 7%
$467,029
$467.0K
Cap Rate 9%
$363,244
$363.2K
Market Conditions
NOI Build-Up for 2,250 SF
Gross rent
$50.0K $22.20/SF
− Vacancy
−$3.2K −$1.44/SF
EGI
$46.7K $20.76/SF
− OpEx
−$14.0K −$6.23/SF
NOI
$32.7K $14.53/SF
Area
Montgomery County, PA
Vacancy
6.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$653,840
Cap Rate 7%
$467,029
Cap Rate 9%
$363,244
Alternative Uses
Best Use
Multifamily LT 5
$467.0K
$408.7K – $544.9K
NOI $32,692 @ 7.0% cap · market cap 4.09%
Second Best
Apartment 5plus
$434.3K
$380.0K – $506.6K
NOI $30,398 @ 7.0% cap · market cap 3.80%
Theoretical Best
Specialty Retail
$1.29M
$1.13M – $1.51M
NOI $90,596 @ 7.0% cap · market cap 11.34%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
551
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with vacant first-floor commercial space and two leased residential units above, plus private parking.
Where is this mixed-use property located?
The property is located at 107 S Main St North Wales, PA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Mixed‑use building at 107 S Main Street, North Wales, PA with vacant first‑floor commercial space plus two leased residential units upstairs; Approx. 2,250 SF first‑floor commercial space (previous bath & tile showroom) with bathroom, kitchenette, and office/storage area; open layout and front/back entrances; Unit A: 3‑bedroom, 2‑bath leased residential unit
