Renovated Mixed-Use
For Sale
$2,120,000
32 32-42 E Baltimore Ave, Clifton Heights, PA 19018
Multiple storefronts, apartments, garages, and gated parking create a flexible commercial and residential configuration.
Property Size17,000 SF
Lot Size0.76 Acres
Price / SF$124.71
Days on Market49
Property Features for 32 32-42 E Baltimore Ave
General Information
Standard status
Active
Size
17,000 SF
Lot size
0.76 Acres
Zoning
C-1
Site & Location
Traffic Count
18,000 vehicles/day
Road Access
Yes
Amenities
garage parking
gated parking lot
Building Details
Year Built
1970
Year Renovated
2019
Construction
brick and cement siding
Tenancy
Multi
Listing Agency:
Home Line Realty Corp
Listed By:
Jing Wang
(844) 837-5274
Source:
Tbhteam
Added: Aug 26
Changed: Sep 12
Last Checked: Oct 7 at 3:13PM
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
Investment Insights
Based on property information with market context.
This mixed-use property combines commercial storefronts, apartment space, garages, and a gated parking area across approximately 17,000 square feet of building area. Built in 1970 and renovated in 2019, the improvements include brick and cement siding construction, upgraded commercial and apartment units, two garages, and two storefronts with the potential to create a third.
The property includes addresses 32, 36, 38, 40, 42, and 44 E Baltimore Ave in Clifton Heights. Approximately 120 feet of frontage along Baltimore Ave and an average daily traffic count of 18,000+ provide a prominent street presence. The site encompasses approximately .76 acres, with a private drive-through gated parking lot extending 280 feet in depth.
The second floor at 38 E Baltimore Ave offers space that can be configured as two apartments, each with 3 bedrooms and 2 baths. At 32-36 E Baltimore Ave, the commercial area can be divided into two stores, with two additional apartments above. The property is zoned C-1.
The property includes addresses 32, 36, 38, 40, 42, and 44 E Baltimore Ave in Clifton Heights. Approximately 120 feet of frontage along Baltimore Ave and an average daily traffic count of 18,000+ provide a prominent street presence. The site encompasses approximately .76 acres, with a private drive-through gated parking lot extending 280 feet in depth.
The second floor at 38 E Baltimore Ave offers space that can be configured as two apartments, each with 3 bedrooms and 2 baths. At 32-36 E Baltimore Ave, the commercial area can be divided into two stores, with two additional apartments above. The property is zoned C-1.
Key Highlights
- Approximately 17,000sq' combined building space across a mixed‑use property
- Approximately 120 Frontage on Baltimore Ave
- Approximately .76 acres with a 280' deep drive‑through gated parking lot
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
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
837
Businesses Nearby
210k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 46%
Shops & Services 40%
Dining 14%
Wawa
Shops & Services
41,575 visits/mo
0.4 miles
Giant Food Store
Groceries
40,283 visits/mo
0.1 miles
ACME Markets
Groceries
37,474 visits/mo
0.5 miles
Wendy's
Dining
19,917 visits/mo
0.5 miles
Dollar Tree
Shops & Services
19,054 visits/mo
0.2 miles
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 Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Multiple storefronts, apartments, garages, and gated parking create a flexible commercial and residential configuration.
Where is this mixed-use property located?
The property is located at 32 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 across a mixed‑use property; Approximately 120 Frontage on Baltimore Ave; Approximately .76 acres with a 280' deep drive‑through gated parking lot
