Vacant Mixed-Use Property with
363 Holmes Road Holmes, PA 19043
363 Holmes Road, Holmes, PA, 19043
$255,000
For Sale
$255,000
Main level offers a vacant former dental office, plus a currently vacant upstairs 1-bedroom apartment.
Property Size1,080 SF
Price / SF$236.11
Days on Market36
Property Features for 363 Holmes Road
General Information
- Standard status
- Active
- Size
- 1,080 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1950
Listing agency
Keller Williams Main Line
(215) 783-7634
Listed by
Jason Karian · License #RS193444L
(215) 783-7634
Source
Compass
Added: Jun 18 Updated: Jul 22 at 10:07PM Checked: Jul 20 at 11:44PM
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 Keller Williams Main Line
Investment Insights
Based on property information with market context.
This mixed-use property includes a vacant former dental office on the main level with a half bath, along with a vacant second-floor apartment featuring one bedroom and one full bathroom. The home is described as being in overall good condition and is delivered vacant, making it easy to show.
According to Ridley Township, buyers may have the opportunity to obtain a variance to convert the first-floor commercial space into an additional residential unit, with an estimated approval timeline of approximately 30–45 days. The property also includes separate electric service, common heat, central air, and hot water, plus driveway parking and a built-in one-car garage.
The layout provides both a commercial space and a residential unit within the same property, with the garage and parking area potentially supporting additional rental income opportunities as described in the listing.
According to Ridley Township, buyers may have the opportunity to obtain a variance to convert the first-floor commercial space into an additional residential unit, with an estimated approval timeline of approximately 30–45 days. The property also includes separate electric service, common heat, central air, and hot water, plus driveway parking and a built-in one-car garage.
The layout provides both a commercial space and a residential unit within the same property, with the garage and parking area potentially supporting additional rental income opportunities as described in the listing.
Key Highlights
- 363 Holmes Road mixed‑use property in the Ridley Farms neighborhood
- Main level: vacant former dental office with a half bath and flexible professional/office space
- Second‑floor apartment: vacant 1‑bedroom, 1‑bath unit
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.5k | $26.40 |
| − Vacancy | −$4.9k | −$4.54 |
| EGI | $23.6k | $21.86 |
| − OpEx | −$5.9k | −$5.46 |
| NOI | $17.7k | $16.39 |
1,080 SF · lease $26.40/SF/yr · vacancy 17.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$252.9K
$221.3K – $295.1K
NOI $17,706 @ 7.0% cap · market cap 6.94%
Second Best
Healthcare Medical
$220.0K
$192.5K – $256.6K
NOI $15,398 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$327.4K
$286.5K – $382.0K
NOI $22,921 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Joyce E. Koshetar, ...
Dental Office
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Main level offers a vacant former dental office, plus a currently vacant upstairs 1-bedroom apartment.
Where is this mixed-use property located?
The property is located at 363 Holmes Road Holmes, PA.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: 363 Holmes Road mixed‑use property in the Ridley Farms neighborhood; Main level: vacant former dental office with a half bath and flexible professional/office space; Second‑floor apartment: vacant 1‑bedroom, 1‑bath unit
