Mixed-Use Building with Leased
107 S Main St North Wales, PA 19454
For Sale
$850,000
Mixed-use property with vacant first-floor commercial space and two leased residential units above, plus private parking.
Property Size2,250 SF
Price / SF$377.78
Days on Market76
Property Features for 107 S Main St
General Information
Standard status
Active
Size
2,250 SF
Listing Agency:
Noble Realty Group
(215) 379-0300
Listed By:
Taras Smerechanskyy
(215) 379-0300
Source:
Exprealty
Added: May 15
Changed: Jul 26
Last Checked: Jul 26 at 5:14AM
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
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 For Multifamily LT 5
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 | $50.0k | $22.20 |
| − Vacancy | −$3.2k | −$1.44 |
| EGI | $46.7k | $20.76 |
| − OpEx | −$14.0k | −$6.23 |
| NOI | $32.7k | $14.53 |
2,250 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$467.0K
$408.7K – $544.9K
NOI $32,692 @ 7.0% cap · market cap 3.85%
Second Best
Apartment 5plus
$434.3K
$380.0K – $506.6K
NOI $30,398 @ 7.0% cap · market cap 3.58%
Theoretical Best
Specialty Retail
$1.29M
$1.13M – $1.51M
NOI $90,596 @ 7.0% cap · market cap 10.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
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 $850,000.
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
