Restaurant Space with Outdoor
2901 NORMANDY ROAD, Ardmore, PA 19003
For Sale
New
Contact for pricing
Two storefronts can be combined or occupied separately, with walk-in freezer equipment in one unit.
Property Size730 SF
Price / SF$4.79
Days on Market5
Property Features for 2901 NORMANDY ROAD
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
VRA Realty
(484) 800-1777
Listed By:
Gina Marie Hagan · License #RS363261
(610) 209-0023
Source:
Cummingsrealtors
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 8 at 6:14AM
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 VRA Realty
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Investment Insights
Based on property information with market context.
At 2901 Normandy Road, this restaurant property offers two storefronts that may be occupied together or separately. Outdoor seating is planned, and one attached unit has walk-in freezers. The building dates to 1930 and is undergoing renovations.
A park sits across the street, where neighborhood activities include t-ball games and summer camps. The property is also near Merion Golf Club’s East Course, Haverford College, Suburban Square, the Ardmore Avenue stop on SEPTA’s Norristown High Speed Line, and the 103 bus stop at County Line Road.
A park sits across the street, where neighborhood activities include t-ball games and summer camps. The property is also near Merion Golf Club’s East Course, Haverford College, Suburban Square, the Ardmore Avenue stop on SEPTA’s Norristown High Speed Line, and the 103 bus stop at County Line Road.
Key Highlights
- Two storefronts can be used together or separately
- Outdoor seating planned as part of the renovation
- Walk‑in freezers are in one attached unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,393
Suggested Prices Based on Cap Rates
Cap Rate 5%
$587,860
$587.9K
Cap Rate 7%
$419,900
$419.9K
Cap Rate 9%
$326,589
$326.6K
Market Conditions
NOI Build-Up for 730 SF
Gross rent
$40.9K $56.04/SF
− Vacancy
−$1.7K −$2.35/SF
EGI
$39.2K $53.69/SF
− OpEx
−$9.8K −$13.42/SF
NOI
$29.4K $40.26/SF
Area
Montgomery County, PA
Vacancy
4.20%
Lease Rate
$56.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$587,860
Cap Rate 7%
$419,900
Cap Rate 9%
$326,589
Alternative Uses
Best Use
Specialty Retail
$419.9K
$367.4K – $489.9K
NOI $29,393 @ 7.0% cap · market cap 839.80%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,542
Businesses Nearby
16k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 69%
Home Improvements & Furnishings 31%
Exxon
Shops & Services
6,551 visits/mo
0.5 miles
D.M.I. Home Supply & Renter Centera
Home Improvements & Furnishings
4,438 visits/mo
0.4 miles
7-Eleven
Shops & Services
4,317 visits/mo
0.4 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
509 visits/mo
0.4 miles
Demographics for 19003, PA
13,984
Population
6,346
Households
2.2
Avg Household Size
38
Median Age
70%
College-Educated
98%
High-School Grad
2.0 sq mi
ZIP Area
6,992
Density / Sq Mi
$116,142
Median Household Income
$66,881
Median Earnings
$1,602
Median Rent
$441,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Conventional restaurants in Montgomery County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Two storefronts can be combined or occupied separately, with walk-in freezer equipment in one unit.
Where is this conventional restaurant located?
The property is located at 2901 NORMANDY ROAD Ardmore, PA.
What are key features of this property?
This property features: Two storefronts can be used together or separately; Outdoor seating planned as part of the renovation; Walk‑in freezers are in one attached unit
