Storefront Property with Private
296 Easton Rd, Horsham, PA 19044
For Sale
$650,000
GC-2 zoning and access from two roads support a range of commercial business opportunities.
Property Size2,951 SF
Lot Size0.40 Acres
Price / SF$220.26
Days on Market96
Property Features for 296 Easton Rd
General Information
Standard status
Size
Lot size
Zoning
Additional Details
Road Access
Building Details
Year Built
Listing Agency:
RE/MAX Services
Listed By:
Brian B. Kang · License #RS276051
(267) 476-7117
Source:
Kathywolfgang
Added: Aug 6
Changed: Oct 25
Last Checked: Oct 7 at 4:50PM
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 RE/MAX Services
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Investment Insights
Based on property information with market context.
This storefront property at 296 Easton Rd in Horsham, Pennsylvania, includes a commercial building on an approximately 17,300-square-foot lot. The site previously operated as a dry cleaning business and includes private parking to the side and rear with capacity for 15+ cars. The property was built in 1950.
Access is available from both Easton Rd (Rt. 611) and Horsham Rd, creating separate entry and exit points. The property is situated within a high-density residential and commercial area of Horsham Township and carries GC-2 commercial zoning. The zoning designation supports diverse business opportunities, subject to applicable requirements.
Access is available from both Easton Rd (Rt. 611) and Horsham Rd, creating separate entry and exit points. The property is situated within a high-density residential and commercial area of Horsham Township and carries GC-2 commercial zoning. The zoning designation supports diverse business opportunities, subject to applicable requirements.
Key Highlights
- Approximately 17,300 sq/ft lot
- Private side and rear parking for 15+ cars
- Two access points from Easton Rd (Rt. 611) and Horsham Rd
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,621
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$712,420
$712.4K
Cap Rate 7%
$508,871
$508.9K
Cap Rate 9%
$395,789
$395.8K
Market Conditions
NOI Build-Up for 2,951 SF
Gross rent
$53.1K $18.00/SF
− Vacancy
−$2.2K −$0.76/SF
EGI
$50.9K $17.24/SF
− OpEx
−$15.3K −$5.17/SF
NOI
$35.6K $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%
$712,420
Cap Rate 7%
$508,871
Cap Rate 9%
$395,789
Alternative Uses
Best Use
Retail
$508.9K
$445.3K – $593.7K
NOI $35,621 @ 7.0% cap · market cap 5.48%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.70M
$1.49M – $1.98M
NOI $118,821 @ 7.0% cap · market cap 18.28%
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
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
848
Businesses Nearby
51k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Wawa
Shops & Services
50,351 visits/mo
0.3 miles
Speedway
Shops & Services
835 visits/mo
0.4 miles
Demographics for 19044, PA
16,273
Population
7,144
Households
2.3
Avg Household Size
39
Median Age
46%
College-Educated
92%
High-School Grad
9.0 sq mi
ZIP Area
1,808
Density / Sq Mi
$96,189
Median Household Income
$49,945
Median Earnings
$1,434
Median Rent
$372,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Storefront properties in Montgomery County, PA
Properties on Market for Storefront properties in Montgomery County
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Beth's Flower Boutique — 369 Easton Rd, Horsham, PA 19044
Frequently Asked Questions
What type of property is this?
Storefront property - GC-2 zoning and access from two roads support a range of commercial business opportunities.
Where is this storefront property located?
The property is located at 296 Easton Rd Horsham, PA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Approximately 17,300 sq/ft lot; Private side and rear parking for 15+ cars; Two access points from Easton Rd (Rt. 611) and Horsham Rd
