Historic-Register Commercial Development
For Sale
$2,250,000
714 Montgomery Ave, Narberth, PA 19072
Development site includes an existing building facing Montgomery Avenue and an approved ordinance for new residential construction.
Property Size6,222 SF
Price / SF$361.62
Days on Market103
Property Features for 714 Montgomery Ave
General Information
Standard status
Active
Size
6,222 SF
Property subtype
Commercial
Building Details
Year Built
1881
Listing Agency:
Mallin Panchelli Nadel Realty Inc
Listed By:
Nadia T Bilynsky · License #RS311101
(215) 413-4900
Source:
Viewmarylandhomesforsale
Added: Jun 29
Changed: Oct 1
Last Checked: Oct 7 at 12:31PM
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 Mallin Panchelli Nadel Realty Inc
Investment Insights
Based on property information with market context.
The property at 714 Montgomery Avenue comprises a 25,574 SF development site with an existing 6,222 SF building positioned along the avenue. The building is listed on the local historic register and offers a commercial space component within the broader site. An approved zoning ordinance allows for development of a new residential building, while the buyer remains responsible for plans, permits, and required approvals.
The site is located in Narberth Borough along the Main Line, near a downtown commercial corridor with shops, cafes, and restaurants. Tree-lined residential streets surround the borough, and nearby major roadways and public transportation provide access toward Center City Philadelphia.
The site is located in Narberth Borough along the Main Line, near a downtown commercial corridor with shops, cafes, and restaurants. Tree-lined residential streets surround the borough, and nearby major roadways and public transportation provide access toward Center City Philadelphia.
Key Highlights
- 25,574 SF development site in Narberth Borough
- Existing 6,222 SF building facing Montgomery Avenue
- Existing building is listed on the local historic register
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,105
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,502,100
$1.5M
Cap Rate 7%
$1,072,929
$1.1M
Cap Rate 9%
$834,500
$834.5K
Market Conditions
NOI Build-Up for 6,222 SF
Gross rent
$112.0K $18.00/SF
− Vacancy
−$4.7K −$0.76/SF
EGI
$107.3K $17.24/SF
− OpEx
−$32.2K −$5.17/SF
NOI
$75.1K $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%
$1,502,100
Cap Rate 7%
$1,072,929
Cap Rate 9%
$834,500
Alternative Uses
Best Use
Retail
$1.07M
$938.8K – $1.25M
NOI $75,105 @ 7.0% cap · market cap 3.34%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.58M
$3.13M – $4.18M
NOI $250,527 @ 7.0% cap · market cap 11.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,024
Businesses Nearby
73k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 44%
Groceries 36%
Office Supplies 20%
ACME Markets
Groceries
26,277 visits/mo
0.1 miles
Wawa
Shops & Services
26,271 visits/mo
0.3 miles
Staples
Office Supplies
14,591 visits/mo
0.2 miles
PNC Bank
Shops & Services
3,269 visits/mo
0.2 miles
Citizens Bank
Shops & Services
2,164 visits/mo
0.5 miles
Demographics for 19072, PA
10,008
Population
4,400
Households
2.3
Avg Household Size
45
Median Age
82%
College-Educated
100%
High-School Grad
3.2 sq mi
ZIP Area
3,128
Density / Sq Mi
$175,833
Median Household Income
$86,133
Median Earnings
$1,956
Median Rent
$776,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Commercial land - Development site includes an existing building facing Montgomery Avenue and an approved ordinance for new residential construction.
Where is this commercial land located?
The property is located at 714 Montgomery Ave Narberth, PA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 25,574 SF development site in Narberth Borough; Existing 6,222 SF building facing Montgomery Avenue; Existing building is listed on the local historic register
