Two-Unit Mixed-Use
New
For Sale
$499,000
4306-4308 TOWNSHIP LINE ROAD, Drexel Hill, PA 19026
One suite is leased to a barbershop, while the second is vacant and offers a flexible open layout.
Property Size2,952 SF
Price / SF$169.04
Days on Market3
Property Features for 4306-4308 TOWNSHIP LINE ROAD
General Information
Standard status
Active
Size
2,952 SF
Property subtype
Commercial
Zoning
COMMERCIAL
Site & Location
Corner Location
Yes
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
2
Amenities
on-site parking
rear overhead door
flexible open floor plan
Building Details
Year Built
1970
Year Renovated
2023
Tenancy
Multi
Listing Agency:
Realty Mark Associates
(215) 376-4444
Listed By:
Kevin Le · License #RS349630
(267) 918-5234
Source:
Cummingsrealtors
Added: Oct 17
Changed: Oct 19
Last Checked: Oct 19 at 6:19AM
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 Realty Mark Associates
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Investment Insights
Based on property information with market context.
The property comprises two commercial units built in 1970. A 650-square-foot space is leased to a barbershop through July 2028. The other unit offers 2,300 square feet and is vacant. Renovated in 2023, it has new HVAC, flooring, lighting, and ceilings, along with an open layout and a rear overhead door. Secondary access is available from Drexel Avenue, and on-site parking serves the property.
The site is at a signalized intersection on Township Line Road, identified as Route 1, with access to I-476 and Center City within minutes. Commercial zoning is noted for the property.
The site is at a signalized intersection on Township Line Road, identified as Route 1, with access to I-476 and Center City within minutes. Commercial zoning is noted for the property.
Key Highlights
- Two commercial units: 650 square feet and 2,300 square feet
- Barbershop tenant in the 650‑square‑foot unit through July 2028
- Vacant 2,300‑square‑foot unit renovated in 2023 with new HVAC, flooring, lighting, and ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,225
Cap Rate
5.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$584,500
$584.5K
Cap Rate 7%
$417,500
$417.5K
Cap Rate 9%
$324,722
$324.7K
Market Conditions
NOI Build-Up for 2,952 SF
Gross rent
$53.1K $18.00/SF
− Vacancy
−$6.4K −$2.16/SF
EGI
$46.8K $15.84/SF
− OpEx
−$17.5K −$5.94/SF
NOI
$29.2K $9.90/SF
Area
Delaware County, PA
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$584,500
Cap Rate 7%
$417,500
Cap Rate 9%
$324,722
Alternative Uses
Best Use
Mixed Use
$417.5K
$365.3K – $487.1K
NOI $29,225 @ 7.0% cap · market cap 5.86%
Second Best
Retail
$414.0K
$362.3K – $483.0K
NOI $28,981 @ 7.0% cap · market cap 5.81%
Theoretical Best
Office A
$895.0K
$783.1K – $1.04M
NOI $62,651 @ 7.0% cap · market cap 12.56%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
709
Businesses Nearby
66k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Wawa
Shops & Services
58,356 visits/mo
0.5 miles
Sunoco
Shops & Services
5,374 visits/mo
0.5 miles
Sunoco
Shops & Services
2,629 visits/mo
0.3 miles
Demographics for 19026, PA
32,021
Population
13,643
Households
2.3
Avg Household Size
39
Median Age
46%
College-Educated
94%
High-School Grad
3.6 sq mi
ZIP Area
8,895
Density / Sq Mi
$89,079
Median Household Income
$50,930
Median Earnings
$1,316
Median Rent
$243,000
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?
Mixed-use property - One suite is leased to a barbershop, while the second is vacant and offers a flexible open layout.
Where is this mixed-use property located?
The property is located at 4306-4308 TOWNSHIP LINE ROAD Drexel Hill, PA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two commercial units: 650 square feet and 2,300 square feet; Barbershop tenant in the 650‑square‑foot unit through July 2028; Vacant 2,300‑square‑foot unit renovated in 2023 with new HVAC, flooring, lighting, and ceilings
