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Ambler Warehouse Investment Opportunity

220 S CHESTNUT STREET, Ambler, PA 19002

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For Sale

$1,500,000

10,020 SF warehouse in Ambler, leased to sports academy.

Type:Commercial/Industrial

Property size:

10,020 SF

Lot size:

0.91 Acres

Price / SF:

$149/SF

HighLights

Currently leased to a sports academy, providing immediate income for investors.
Large warehouse space of 10,020 sq ft in the heart of Ambler.
High ceilings: 24 ft clear height (30 ft in the center).
Four large 12 X 24 garage doors for easy access.
Includes office space with bathrooms on both ends of the building.
Ample parking with a 24+ paved parking lot.

We can help!

Listing Contact

Greg P Linberg

For Sale

$1,500,000

10,020 SF warehouse in Ambler, leased to sports academy.

Type:Commercial/Industrial

Property size:

10,020 SF

Lot size:

0.91 Acres

Price / SF:

$149/SF

Added:: May 19, 2024
Days on Market:: 755
Last Refresh:: May 19 at 9:52 pm

Property Features for 220 S CHESTNUT STREET

General Information

Standard status: Active
Size: 10,020 SF
Lot size: 0.91 Acres
Property subtype: Commercial/Industrial

Building Details

Year Built: 2000

We can help!

Listing Contact

Greg P Linberg

Listing agent Greg P Linberg

Listing office HomeSmart Nexus Realty Group - Blue Bell

Listing date May 19, 2024

Source Exitrealty

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 HomeSmart Nexus Realty Group - Blue Bell

HighLights

Currently leased to a sports academy, providing immediate income for investors.
Large warehouse space of 10,020 sq ft in the heart of Ambler.
High ceilings: 24 ft clear height (30 ft in the center).
Four large 12 X 24 garage doors for easy access.
Includes office space with bathrooms on both ends of the building.
Ample parking with a 24+ paved parking lot.

Overview

This 10,020 square foot warehouse, constructed in 2000, is located in Ambler. It features a 24-foot clear ceiling height, with a 30-foot ceiling height in the center. The building includes two 12 x 24 garage doors at the front and two 12 x 24 garage doors on the left side. Office space with bathrooms is located on both ends of the building, with the remaining area being open space. The warehouse is well-insulated and equipped with gas heaters in the ceiling. There is a paved parking lot with space for 24 or more vehicles. The property is currently leased to a sports academy, presenting an investment opportunity. The property is located at 220 S Chestnut Street (back of the building) and also known as 220 S Maple Street (front of the building and parking lot entrance).

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$131.1k	$13.08
− Vacancy	−$10.5k	−$1.05
EGI	$120.6k	$12.03
− OpEx	−$18.1k	−$1.81
NOI	$102.5k	$10.23

10,020 SF · lease $13.08/SF/yr · vacancy 8.00% · expense 15.00%

Alternative Uses

Best Use

Warehouse

$1.46M

$1.28M – $1.71M (±1% cap)

NOI $102,490 @ 7.0% cap · market cap 6.83%

Second Best

Industrial

$1.05M

$919.5K – $1.23M (±1% cap)

NOI $73,563 @ 7.0% cap · market cap 4.90%

Theoretical Best

Specialty Retail

$5.76M

$5.04M – $6.72M (±1% cap)

NOI $403,453 @ 7.0% cap · market cap 26.90%

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

Property Profile Location Intelligence

Current Use by Public Records

Warehouses

Suggested Use

Location Insight

Map
Local Demand

City: Ambler
County: Montgomery
State: Pennsylvania
Longitude: -75.2251
Latitude: 40.15

For sale
Warehouses
PA
Ambler
19002
220 S CHESTNUT STREET

What type of property is this?

Warehouse - 10,020 SF warehouse in Ambler, leased to sports academy.

Where is this warehouse located?

The property is located at 220 S CHESTNUT STREET Ambler, PA.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: Currently leased to a sports academy, providing immediate income for investors.; Large warehouse space of 10,020 sq ft in the heart of Ambler.; **High ceilings: 24 ft clear height (30 ft in the center).**