Renovated Mixed-Use
For Sale
$2,120,000
32-42 E BALTIMORE AVE, Clifton Heights, PA 19018
Mixed-use asset with storefronts, apartments, garages, and gated parking in a commercial corridor.
Property Size17,000 SF
Lot Size0.76 Acres
Price / SF$124.71
Days on Market49
Property Features for 32-42 E BALTIMORE AVE
General Information
Standard status
Active
Size
17,000 SF
Lot size
0.76 Acres
Zoning
C-1
Additional Details
Traffic Count
18,000 vehicles/day
Unit Mix
2 x 2BR, 2 x 3BR/2BA
Amenities
off-site parking
private garage parking
dedicated parking lot
gated parking lot
Building Details
Year Built
1970
Year Renovated
2019
Construction
brick and cement siding
Listing Agency:
Home Line Realty Corp
(215) 982-2265
Listed By:
Jing Wang · License #RM424489
(267) 570-7766
Source:
360
Added: Sep 13
Changed: Oct 25
Last Checked: Oct 30 at 1:57PM
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 Home Line Realty Corp
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Investment Insights
Based on property information with market context.
This mixed-use property combines commercial storefront space with apartment units across approximately 17,000 square feet of building area. Originally constructed in 1970 and renovated in 2019, the improvements include brick and cement siding, updated commercial and residential units, two garages, and a gated parking lot. The property encompasses approximately .76 acres and includes roughly 120 feet of frontage on Baltimore Ave.
The commercial component includes a combined space at 32-36 E Baltimore Ave that may be divided into two stores, along with two storefronts overall. Residential space includes two apartments above 32-36 E Baltimore Ave, each with two bedrooms, plus a second-floor area at 38 E Baltimore Ave configured for two apartments, each with three bedrooms and two baths. The property is zoned C-1 and has an average daily traffic count exceeding 18,000. The parking lot extends 280 feet in depth.
The commercial component includes a combined space at 32-36 E Baltimore Ave that may be divided into two stores, along with two storefronts overall. Residential space includes two apartments above 32-36 E Baltimore Ave, each with two bedrooms, plus a second-floor area at 38 E Baltimore Ave configured for two apartments, each with three bedrooms and two baths. The property is zoned C-1 and has an average daily traffic count exceeding 18,000. The parking lot extends 280 feet in depth.
Key Highlights
- Approximately 17,000sq' combined building space on approximately .76 acres
- Approximately 120 Frontage on Baltimore Ave
- Two garages and a drive thru gated parking lot with 280' depth
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$170,418
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,408,360
$3.4M
Cap Rate 7%
$2,434,543
$2.4M
Cap Rate 9%
$1,893,533
$1.9M
Market Conditions
NOI Build-Up for 17,000 SF
Gross rent
$359.0K $21.12/SF
− Vacancy
−$49.2K −$2.89/SF
EGI
$309.9K $18.23/SF
− OpEx
−$139.4K −$8.20/SF
NOI
$170.4K $10.02/SF
Area
Delaware County, PA
Vacancy
13.70%
Lease Rate
$21.12 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,408,360
Cap Rate 7%
$2,434,543
Cap Rate 9%
$1,893,533
Alternative Uses
Best Use
Apartment 5plus
$2.43M
$2.13M – $2.84M
NOI $170,418 @ 7.0% cap · market cap 8.04%
Second Best
Mixed Use
$2.40M
$2.10M – $2.81M
NOI $168,300 @ 7.0% cap · market cap 7.94%
Theoretical Best
Office A
$5.15M
$4.51M – $6.01M
NOI $360,796 @ 7.0% cap · market cap 17.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
18,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
837
Businesses Nearby
Explore this area
Business Placement
Demographics for 19018, PA
23,664
Population
10,201
Households
2.3
Avg Household Size
38
Median Age
30%
College-Educated
92%
High-School Grad
2.7 sq mi
ZIP Area
8,764
Density / Sq Mi
$73,451
Median Household Income
$46,387
Median Earnings
$1,346
Median Rent
$215,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use asset with storefronts, apartments, garages, and gated parking in a commercial corridor.
Where is this mixed-use property located?
The property is located at 32-42 E BALTIMORE AVE Clifton Heights, PA.
What is the asking price?
The asking price for this property is $2,120,000.
What are key features of this property?
This property features: Approximately 17,000sq' combined building space on approximately .76 acres; Approximately 120 Frontage on Baltimore Ave; Two garages and a drive thru gated parking lot with 280' depth
