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 Market59
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
Listed By:
Mejire Arijaje
(267) 694-4009
Source:
Kandorre
Added: Aug 19
Changed: Oct 12
Last Checked: Oct 7 at 4:34PM
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
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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 / Yr
$22,935
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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
