Retail Space with Private
For Sale
Contact for pricing
1024 Matsonford Rd, Conshohocken, PA 19428
Commercial space offers dedicated parking and convenient access to the Norristown High Speed Line.
Property Size8,400 SF
Price / SF$250
Days on Market695
Property Features for 1024 Matsonford Rd
General Information
Standard status
Active
Size
8,400 SF
Total Parking Spaces
14
Property subtype
RETAIL
Listing Agency:
Equity CRE
(610) 645-7700
Listed By:
David Laiter · License #RS335869
(484) 482-2550
Source:
Moodyscre
Added: Dec 9, 2024
Changed: Nov 3
Last Checked: Nov 3 at 8:18AM
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 Equity CRE
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Investment Insights
Based on property information with market context.
This retail space offers 8,400 square feet of commercial area with 14 private parking spaces. The property is positioned for access to Matsonford Station of the Norristown High Speed Line, supporting connectivity for customers, employees, and visitors.
The property is located approximately 15 miles from Philadelphia and 6 miles from King of Prussia. Its Matsonford Road location combines dedicated on-site parking with proximity to regional destinations and public transportation.
The property is located approximately 15 miles from Philadelphia and 6 miles from King of Prussia. Its Matsonford Road location combines dedicated on-site parking with proximity to regional destinations and public transportation.
Key Highlights
- 8,400 square feet of retail space
- 14 private parking spaces
- Easy access to Matsonford Station of the Norristown High Speed Line
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,395
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,027,900
$2.0M
Cap Rate 7%
$1,448,500
$1.4M
Cap Rate 9%
$1,126,611
$1.1M
Market Conditions
NOI Build-Up for 8,400 SF
Gross rent
$151.2K $18.00/SF
− Vacancy
−$6.4K −$0.76/SF
EGI
$144.8K $17.24/SF
− OpEx
−$43.5K −$5.17/SF
NOI
$101.4K $12.07/SF
Area
Montgomery County, PA
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,027,900
Cap Rate 7%
$1,448,500
Cap Rate 9%
$1,126,611
Alternative Uses
Best Use
Retail
$1.45M
$1.27M – $1.69M
NOI $101,395 @ 7.0% cap · market cap 4.83%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.83M
$4.23M – $5.64M
NOI $338,224 @ 7.0% cap · market cap 16.11%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
235
Businesses Nearby
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Business Placement
Demographics for 19428, PA
19,690
Population
10,032
Households
2
Avg Household Size
36
Median Age
66%
College-Educated
97%
High-School Grad
7.3 sq mi
ZIP Area
2,697
Density / Sq Mi
$116,566
Median Household Income
$73,713
Median Earnings
$1,900
Median Rent
$445,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Commercial space offers dedicated parking and convenient access to the Norristown High Speed Line.
Where is this retail space located?
The property is located at 1024 Matsonford Rd Conshohocken, PA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 8,400 square feet of retail space; 14 private parking spaces; Easy access to Matsonford Station of the Norristown High Speed Line
