Mixed-Use Office and Retail
For Sale
Contact for pricing
311 West Baltimore Pike, Media, PA 19063
Commercial property combining office and retail space under HBO zoning.
Property Size26,460 SF
Price / SF$204.08
Days on Market60
Property Features for 311 West Baltimore Pike
General Information
Standard status
Active
Size
26,460 SF
Class
B
Total Parking Spaces
36
Property subtype
Retail, Office, Mixed Use
Zoning
HBO
Building Details
Year Built
2003
Year Renovated
2010
Units
1
Listing Agency:
CBRE - Philadelphia Suburban
Listed By:
Brian Smyth · License #PA
(610) 251-0820
Source:
Crexi
Added: Aug 18
Changed: Sep 14
Last Checked: Oct 14 at 10:40PM
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 CBRE - Philadelphia Suburban
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Investment Insights
Based on property information with market context.
This mixed-use commercial property combines office and retail space within a 26,460-square-foot building. Constructed in 2003, the asset provides a substantial commercial footprint for users seeking a combination of workplace and customer-facing space.
The property carries HBO zoning and is offered for sale. Its office-and-retail composition supports a range of commercial configurations within one building.
The property carries HBO zoning and is offered for sale. Its office-and-retail composition supports a range of commercial configurations within one building.
Key Highlights
- 26,460‑square‑foot mixed‑use commercial building
- Office and retail space in one property
- Built in 2003
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$433,796
Cap Rate
8.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,675,920
$8.7M
Cap Rate 7%
$6,197,086
$6.2M
Cap Rate 9%
$4,819,956
$4.8M
Market Conditions
NOI Build-Up for 26,460 SF
Gross rent
$698.5K $26.40/SF
− Vacancy
−$120.1K −$4.54/SF
EGI
$578.4K $21.86/SF
− OpEx
−$144.6K −$5.46/SF
NOI
$433.8K $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 Rate 5%
$8,675,920
Cap Rate 7%
$6,197,086
Cap Rate 9%
$4,819,956
Alternative Uses
Best Use
Office B
$6.20M
$5.42M – $7.23M
NOI $433,796 @ 7.0% cap · market cap 8.03%
Second Best
Mixed Use
$3.74M
$3.27M – $4.37M
NOI $261,954 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$8.02M
$7.02M – $9.36M
NOI $561,568 @ 7.0% cap · market cap 10.40%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
52
Businesses Nearby
Explore this area
Business Placement
Demographics for 19063, PA
38,338
Population
16,128
Households
2.4
Avg Household Size
46
Median Age
60%
College-Educated
97%
High-School Grad
25.1 sq mi
ZIP Area
1,527
Density / Sq Mi
$121,899
Median Household Income
$70,147
Median Earnings
$1,623
Median Rent
$505,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial property combining office and retail space under HBO zoning.
Where is this mixed-use property located?
The property is located at 311 West Baltimore Pike Media, PA.
What is the asking price?
The asking price for this property is $5,400,000.
What are key features of this property?
This property features: 26,460‑square‑foot mixed‑use commercial building; Office and retail space in one property; Built in 2003
