Storefronts with Outdoor
2903 NORMANDY ROAD, Ardmore, PA 19003
For Sale
New
Contact for pricing
Two retail spaces can be combined or occupied separately, with walk-in freezers already installed.
Property Size782 SF
Price / SF$4.48
Days on Market5
Property Features for 2903 NORMANDY ROAD
General Information
Standard status
Size
Property subtype
Amenities
walk-in freezers
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 5:39AM
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.
Two storefront spaces at 2903 Normandy Road are undergoing renovation and can be configured together or leased separately. The property includes walk-in freezers and is planned to offer outdoor seating along with interior space. The building dates to 1930.
The property sits across from a park used for t-ball games and township summer camps. Nearby destinations and transit include 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.
The property sits across from a park used for t-ball games and township summer camps. Nearby destinations and transit include 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 available together or separately
- Walk‑in freezers are already in place
- Outdoor seating is planned as renovations proceed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,439
Suggested Prices Based on Cap Rates
Cap Rate 5%
$188,780
$188.8K
Cap Rate 7%
$134,843
$134.8K
Cap Rate 9%
$104,878
$104.9K
Market Conditions
NOI Build-Up for 782 SF
Gross rent
$14.1K $18.00/SF
− Vacancy
−$591 −$0.76/SF
EGI
$13.5K $17.24/SF
− OpEx
−$4.0K −$5.17/SF
NOI
$9.4K $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%
$188,780
Cap Rate 7%
$134,843
Cap Rate 9%
$104,878
Alternative Uses
Best Use
Retail
$134.8K
$118.0K – $157.3K
NOI $9,439 @ 7.0% cap · market cap 269.69%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$449.8K
$393.6K – $524.8K
NOI $31,487 @ 7.0% cap · market cap 899.63%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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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
$441,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Storefront properties in Montgomery County, PA
Properties on Market for Storefront properties in Montgomery County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Storefront property - Two retail spaces can be combined or occupied separately, with walk-in freezers already installed.
Where is this storefront property located?
The property is located at 2903 NORMANDY ROAD Ardmore, PA.
What are key features of this property?
This property features: Two storefronts available together or separately; Walk‑in freezers are already in place; Outdoor seating is planned as renovations proceed
