Office Building with Cement
New
For Sale
$600,000
350 MONTGOMERY AVENUE, Merion Station, PA 19066
Office building built in 1947 with cement siding and hardwood floors, designed for value-add renovation and modernization.
Lot Size0.06 Acres
Days on Market4
Property Features for 350 MONTGOMERY AVENUE
General Information
Standard status
Active
Lot size
0.06 Acres
Property subtype
Office
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Building Details
Building Size
1,900 SF
Year Built
1947
Construction
cement siding
Listing Agency:
Elite Level Realty
(267) 694-4009
Listed By:
Mejire Arijaje
(267) 694-4009
Source:
Patmckennarealtors
Added: Jul 29
Changed: Jul 30
Last Checked: Jul 31 at 11:22AM
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 Elite Level Realty
Investment Insights
Based on property information with market context.
This office building was constructed in 1947 and sits on a compact 0.06-acre lot. The exterior features durable cement siding, and the interior includes hardwood flooring, providing a foundation for renovation and modernization. The existing structure supports flexibility for a variety of commercial uses, which can help the building adapt to changing tenant needs.
The property is positioned with convenient access to major transportation links, including an airport less than 10 miles away and a metro/subway station within 1 to 3 miles. The surrounding area includes a mix of commercial and residential developments, supporting a steady flow of potential clientele.
Expense management is straightforward: there are no association fees, and the owner is responsible for all utilities, personal property taxes, real estate taxes, and trash collection services. That clear expense structure can make budgeting simpler for tenants and operators evaluating the space.
The property is positioned with convenient access to major transportation links, including an airport less than 10 miles away and a metro/subway station within 1 to 3 miles. The surrounding area includes a mix of commercial and residential developments, supporting a steady flow of potential clientele.
Expense management is straightforward: there are no association fees, and the owner is responsible for all utilities, personal property taxes, real estate taxes, and trash collection services. That clear expense structure can make budgeting simpler for tenants and operators evaluating the space.
Key Highlights
- Built in 1947
- Compact 0.06‑acre lot
- Cement siding exterior with hardwood flooring
Financial Insights For Office B
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 | $49.5k | $26.04 |
| − Vacancy | −$9.6k | −$5.08 |
| EGI | $39.8k | $20.96 |
| − OpEx | −$10.0k | −$5.24 |
| NOI | $29.9k | $15.72 |
1,900 SF · lease $26.04/SF/yr · vacancy 19.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$426.7K
$373.4K – $497.9K
NOI $29,871 @ 7.0% cap · market cap 4.98%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.09M
$956.3K – $1.28M
NOI $76,503 @ 7.0% cap · market cap 12.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
611
Businesses Nearby
Explore this area
Business Placement
Demographics for 19066, PA
6,107
Population
1,866
Households
3.3
Avg Household Size
38
Median Age
84%
College-Educated
98%
High-School Grad
1.3 sq mi
ZIP Area
4,698
Density / Sq Mi
$243,500
Median Household Income
$91,685
Median Earnings
$2,319
Median Rent
$871,300
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office building built in 1947 with cement siding and hardwood floors, designed for value-add renovation and modernization.
Where is this office units located?
The property is located at 350 MONTGOMERY AVENUE Merion Station, PA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Built in 1947; Compact 0.06‑acre lot; Cement siding exterior with hardwood flooring
