One-Story Versatile Retail
For Sale
$110,000
29 Madison Ave, Lansdowne, PA 19050
Small one-story building with flexible layout for owner-users and tenants, previously rented for $850/month.
Property Size400 SF
Price / SF$275
Days on Market57
Property Features for 29 Madison Ave
General Information
Standard status
Active
Size
400 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$3,262
Amenities
Suburban
Building Details
Year Built
1950
Stories
1
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
MARIA MARIA QUATTRONE QUATTRONE · License #RS281573
Source:
Corcoran
Added: Jun 28
Changed: Aug 21
Last Checked: Aug 22 at 6:56AM
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 LPT REALTY, LLC
Investment Insights
Based on property information with market context.
This one-story commercial building offers a flexible, efficient layout in a compact footprint, with no basement. The property is presented as a versatile space that can support a range of small business concepts based on the adaptable floor plan, including uses such as a hair salon, spa, professional office, or retail shop. It has a rental history, having previously been rented for $850 per month.
Located at 29 Madison Ave in Lansdowne, the building is positioned for practical day-to-day access for customers and employees. The setting is described as convenient to neighboring communities, supporting straightforward arrival and visibility for local foot traffic and walk-in business activity.
For owner-users, the property’s size and layout can align with companies seeking an affordable, single-level commercial space without basement requirements. For investors, the asset’s documented prior rent provides a reference point for underwriting a small commercial holding. Tenants and operators who need a flexible interior plan for a neighborhood service, office, or specialty retail use should find the configuration workable for day-to-day operations. For a showing, contact the listing team.
Located at 29 Madison Ave in Lansdowne, the building is positioned for practical day-to-day access for customers and employees. The setting is described as convenient to neighboring communities, supporting straightforward arrival and visibility for local foot traffic and walk-in business activity.
For owner-users, the property’s size and layout can align with companies seeking an affordable, single-level commercial space without basement requirements. For investors, the asset’s documented prior rent provides a reference point for underwriting a small commercial holding. Tenants and operators who need a flexible interior plan for a neighborhood service, office, or specialty retail use should find the configuration workable for day-to-day operations. For a showing, contact the listing team.
Key Highlights
- 400 SF one‑story commercial building in Lansdowne with flexible layout for owner‑users or tenants
- Previously rented for $850/month, offering income history for investors
- One‑story structure has no basement, supporting an efficient, easy‑to‑manage layout
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$6,558
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$131,160
$131.2K
Cap Rate 7%
$93,686
$93.7K
Cap Rate 9%
$72,867
$72.9K
Market Conditions
NOI Build-Up for 400 SF
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.
Gross rent
$10.6K $26.40/SF
− Vacancy
−$1.8K −$4.54/SF
EGI
$8.7K $21.86/SF
− OpEx
−$2.2K −$5.46/SF
NOI
$6.6K $16.39/SF
Area
Delaware County, PA
Vacancy
17.20%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$131,160
Cap Rate 7%
$93,686
Cap Rate 9%
$72,867
Alternative Uses
Best Use
Office B
$93.7K
$82.0K – $109.3K
NOI $6,558 @ 7.0% cap · market cap 5.96%
Second Best
Retail
$56.1K
$49.1K – $65.5K
NOI $3,927 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$121.3K
$106.1K – $141.5K
NOI $8,489 @ 7.0% cap · market cap 7.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
979
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19050, PA
29,176
Population
12,695
Households
2.3
Avg Household Size
40
Median Age
30%
College-Educated
92%
High-School Grad
3.7 sq mi
ZIP Area
7,885
Density / Sq Mi
$62,517
Median Household Income
$44,408
Median Earnings
$1,166
Median Rent
$188,700
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- PAPERTINI Production Studio — 114 E Baltimore Ave, Lansdowne, PA 19050
- Simply Flora's Florist — 14 N Lansdowne Ave, Lansdowne, PA 19050
- Hana Willow Design - Bouquet Preservation — 114 E Baltimore Ave, Lansdowne, PA 19050
- Bonnie's Wonder Gardens — 233 Scottdale Rd, Lansdowne, PA 19050
Frequently Asked Questions
What type of property is this?
Storefront property - Small one-story building with flexible layout for owner-users and tenants, previously rented for $850/month.
Where is this storefront property located?
The property is located at 29 Madison Ave Lansdowne, PA.
What is the asking price?
The asking price for this property is $110,000.
What are key features of this property?
This property features: 400 SF one‑story commercial building in Lansdowne with flexible layout for owner‑users or tenants; Previously rented for $850/month, offering income history for investors; One‑story structure has no basement, supporting an efficient, easy‑to‑manage layout
