Storefront Property with Hardwood
For Sale
$600,000
350 Montgomery Ave, Merion Station, PA 19066
Commercial storefront with hardwood flooring, cement siding, and access to an airport and metro station.
Property Size1,900 SF
Lot Size0.06 Acres
Price / SF$315.79
Days on Market12
Property Features for 350 Montgomery Ave
General Information
Standard status
Active
Size
1,900 SF
Lot size
0.06 Acres
Property Condition
Severity
Repairs Needed
Evidence
below-average condition
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1947
Construction
cement siding
Listing Agency:
Elite Level Realty
(267) 694-4009
Listed By:
Mejire Arijaje
Source:
Kandorre
Added: Aug 19
Changed: Aug 25
Last Checked: Aug 29 at 11:44AM
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 Elite Level Realty
Investment Insights
Based on property information with market context.
This 1,900-square-foot storefront property was constructed in 1947 and occupies a 0.06-acre lot at 350 Montgomery Ave in Merion Station, Pennsylvania. The building has cement siding and hardwood flooring, with the property currently described as being in below-average condition. The existing structure supports a range of commercial uses and may require renovation or modernization.
Transportation access includes an airport less than 10 miles away and a metro/subway station within 1 to 3 miles. The surrounding area includes both commercial and residential development. The owner is responsible for utilities, personal property taxes, real estate taxes, and trash collection, and the property has no association fees.
Transportation access includes an airport less than 10 miles away and a metro/subway station within 1 to 3 miles. The surrounding area includes both commercial and residential development. The owner is responsible for utilities, personal property taxes, real estate taxes, and trash collection, and the property has no association fees.
Key Highlights
- 1,900‑square‑foot storefront property on a 0.06‑acre lot
- Constructed in 1947
- Cement siding and hardwood flooring
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,935
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$458,700
$458.7K
Cap Rate 7%
$327,643
$327.6K
Cap Rate 9%
$254,833
$254.8K
Market Conditions
NOI Build-Up for 1,900 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$34.2K $18.00/SF
− Vacancy
−$1.4K −$0.76/SF
EGI
$32.8K $17.24/SF
− OpEx
−$9.8K −$5.17/SF
NOI
$22.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$458,700
Cap Rate 7%
$327,643
Cap Rate 9%
$254,833
Alternative Uses
Best Use
Retail
$327.6K
$286.7K – $382.3K
NOI $22,935 @ 7.0% cap · market cap 3.82%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.09M
$956.3K – $1.28M
NOI $76,503 @ 7.0% cap · market cap 12.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
611
Businesses Nearby
18k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 82%
Shops & Services 18%
Starbucks
Dining
10,877 visits/mo
0.2 miles
Domino's Pizza
Dining
3,594 visits/mo
0.2 miles
Wells Fargo
Shops & Services
3,130 visits/mo
0.1 miles
Demographics for 19066, PA
6,107
Population
1,866
Households
3.3
Avg Household Size
38
Median Age
84%
College-Educated
98%
High-School Grad
1.3 sq mi
ZIP Area
4,698
Density / Sq Mi
$243,500
Median Household Income
$91,685
Median Earnings
$2,319
Median Rent
$871,300
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?
Storefront property - Commercial storefront with hardwood flooring, cement siding, and access to an airport and metro station.
Where is this storefront property located?
The property is located at 350 Montgomery Ave Merion Station, PA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 1,900‑square‑foot storefront property on a 0.06‑acre lot; Constructed in 1947; Cement siding and hardwood flooring
