Prime Corner Location in
4312 SKIPPACK PIKE, Skippack, PA 19474
For Sale
$4,500,000
Corner property on Skippack Pike and Route 73 for sale.
Property Size19,000 SF
Lot Size4.00 Acres
Days on Market2156
Property Features for 4312 SKIPPACK PIKE
General Information
Standard status
Size
Lot size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Realty Executives-Skippack
Listed By:
Bruce J Augustine · License PA RM063072L
(610) 584-3006
Source:
Kingswayrealty
Added: Dec 15, 2020
Changed: Oct 31
Last Checked: Nov 8 at 2:13AM
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 Executives-Skippack
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Investment Insights
Based on property information with market context.
Located at Skippack's busiest intersection, this property represents the last large corner location, encompassing over 4 acres in Skippack Township. Situated at the corner of Route 113 and Route 73, the site is positioned as the face for the front of a proposed future shopping center and retail development. Currently, there are five existing buildings on the site, accommodating a mix of retail, office, automotive sales and service, and residential use. This location offers possibilities for new retail ventures.
Key Highlights
- Prime corner location at Skippack's busiest intersection (Route 113 and Route 73).
- Over 4 acres of land in Skippack Township.
- Last large corner location available in Skippack Township.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$347,062
Cap Rate
7.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,941,240
$6.9M
Cap Rate 7%
$4,958,029
$5.0M
Cap Rate 9%
$3,856,244
$3.9M
Market Conditions
NOI Build-Up for 19,000 SF
Gross rent
$538.1K $28.32/SF
− Vacancy
−$75.3K −$3.96/SF
EGI
$462.7K $24.36/SF
− OpEx
−$115.7K −$6.09/SF
NOI
$347.1K $18.27/SF
Area
Montgomery County, PA
Vacancy
14.00%
Lease Rate
$28.32 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,941,240
Cap Rate 7%
$4,958,029
Cap Rate 9%
$3,856,244
Alternative Uses
Best Use
Office B
$4.96M
$4.34M – $5.78M
NOI $347,062 @ 7.0% cap · market cap 7.71%
Second Best
Retail
$3.28M
$2.87M – $3.82M
NOI $229,345 @ 7.0% cap · market cap 5.10%
Theoretical Best
Specialty Retail
$10.93M
$9.56M – $12.75M
NOI $765,030 @ 7.0% cap · market cap 17.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
460
Businesses Nearby
Explore this area
Business Placement
Demographics for 19474, PA
682
Population
144
Households
4.7
Avg Household Size
48
Median Age
44%
College-Educated
100%
High-School Grad
0.1 sq mi
ZIP Area
6,820
Density / Sq Mi
$63,807
Median Earnings
$327,000
Median Home Value
Check the figures for this property
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Market
Properties on Market for Commercial land in Montgomery County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Commercial land - Corner property on Skippack Pike and Route 73 for sale.
Where is this commercial land located?
The property is located at 4312 SKIPPACK PIKE Skippack, PA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Prime corner location at Skippack's busiest intersection (Route 113 and Route 73).; Over 4 acres of land in Skippack Township.; Last large corner location available in Skippack Township.
