Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    58 Rittenhouse Pl Ardmore, PA 19003

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    1800 sq ft commercial space in a prime location.

    Lot size:
    0.10 Acres

    Property Features for 58 Rittenhouse Pl

    General Information

    Standard status
    Active
    Lot size
    0.10 Acres

    Building Details

    Year built
    1954

    We can help!

    Listing Contact
    Christopher Chang
    Source: Exitrealty

    Listing Agency: Realty Mark Associates-CC Listing Agent: Christopher Chang

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Versatile Commercial Property in Ardmore

    This commercial property offers an opportunity for business ventures in the Ardmore area. The property features 1800 square feet of versatile space, providing a platform for various commercial endeavors. Situated in a prime location, the property benefits from high visibility and convenient access to major transportation routes, ensuring exposure to potential customers and clients. The total area of 1800 square feet offers ample space to accommodate a range of business operations. The open floor plan allows for flexible interior design and customization to suit specific requirements. The layout lends itself well to various businesses, providing the versatility needed to bring ideas to life. Ardmore is a thriving commercial hub with a strong economy and a diverse customer base. The property is positioned to take advantage of the area's growth potential, making it an investment opportunity. Located in close proximity to popular residential neighborhoods, shopping centers, and dining establishments, this property benefits from the foot traffic and convenience of nearby amenities, enhancing its appeal to potential customers. This commercial property offers a foundation for success.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ardmore
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.291139
    Latitude
    40.006225

    Nearby Similar for Sale

    • New
      $1,100,000
      1,800 SF

      Commercial Property in Ardmore, PA

      Versatile 1800 sq ft commercial space in a prime location.
      58 Rittenhouse Pl, Ardmore, PA 19003
      View Details
    • $450,000
      Pending

      Prime Ardmore Commercial Property

      Charming commercial property in downtown Ardmore, ideal for various ventures.
      46 Rittenhouse Pl, Ardmore, PA 19003
      View Details
    • $650,000
      1,228 SF

      Prime Ardmore Location Opportunity

      Investment opportunity in a walkable, amenity-rich Ardmore neighborhood.
      10 Cricket Ave, Ardmore, PA 19003
      View Details
    • $1,295,000

      Contractor Shop with Garage, Office

      Contractor's shop with garage, office, and parking near Lancaster Avenue.
      45 Holland Ave, Ardmore, PA 19003
      View Details
    • $850,000
      3,600 SF

      Ardmore Mixed-Use Investment Opportunity

      High-yield, multi-income Ardmore property.
      2738- County Line Rd, Ardmore, PA 19003
      View Details
    • $625,000
      0.02 Acres

      46 Rittenhouse Pl, Ardmore, PA 19003

      Mixed-use properties • 0.02 Acres
      46 Rittenhouse Pl, Ardmore, PA 19003
      View Details
    • $1,100,000

      Versatile Commercial Space in Ardmore

      1800 sq ft commercial property in a prime Ardmore location.
      58 Rittenhouse Pl, Ardmore, PA 19003
      View Details
    • $1,295,000
      0.31 Acres

      Ardmore Industrial Property - Great Potential

      Contractor's Shop, Storage, Development Potential
      45 Holland Ave, Ardmore, PA 19003
      View Details
    • $1,295,000

      Contractor Shop with Garage, Office

      Contractor's shop with garage, office, and parking near Lancaster Avenue.
      45 Holland Ave, Ardmore, PA 19003
      View Details
    • $1,295,000
      3,056 SF

      Ardmore Mixed-Use Commercial Property

      Contractor's Office & Garage - Great Potential
      45 Holland Ave, Ardmore, PA 19003
      View Details
    • Contact for pricing

      Ardmore Industrial Property Available

      Prime Ardmore industrial space. Ideal for various uses.
      821 Aubrey Ave, Ardmore, PA 19003
      View Details
    • $1,100,000
      1,800 SF

      Ardmore Retail Space: Prime Location

      1800 sq ft Retail Space - High Visibility
      58 Rittenhouse Pl, Ardmore, PA 19003
      View Details

    FAQs

    What type of property is this?
    Retail space - 1800 sq ft commercial space in a prime location.
    Where is this retail space located?
    The property is located at 58 Rittenhouse Pl Ardmore, PA.
    What are key features of this property?
    This property features: - Prime location in the thriving Ardmore area with high visibility and convenient access to major transportation routes.; - Versatile 1800 square feet of space suitable for retail, office, or restaurant use.; - Open floor plan allows for flexible interior design and customization.
    (215) 376-4444
    Request Owner's contact information
    58 Rittenhouse Pl Ardmore, PA 19003
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    58 Rittenhouse Pl
    Ardmore, PA 19003
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    58 Rittenhouse Pl Ardmore, PA 19003
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Christopher Chang
    (215) 376-4444
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!