Open Flex
New
For Sale
$290,000
719 W 3rd St, Lansdale, PA 19446
The downtown Lansdale property offers an open interior suited to flexible commercial use.
Property Size2,400 SF
Price / SF$120.83
Days on Market1
Property Features for 719 W 3rd St
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Industrial
Additional Details
Warehouse Space
2,400 SF
Building Details
Building Size
2,400 SF
Year Built
1955
Listing Agency:
Suburban City Group
Listed By:
Antonio DiCianni · License #RS341502
(215) 240-4339
Source:
Thebrokerlist
Added: Oct 19
Last Checked: Oct 19 at 2:22PM
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 Suburban City Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,400-square-foot flex property in Lansdale Borough has an open warehouse-style interior. The building dates to 1955 and was previously used as an auto repair garage. Its existing use is non-conforming; proposed uses should be verified with the Borough.
Situated in downtown Lansdale, the property is identified as suitable for auto-related uses. A residential conversion or development is also noted as a possibility, subject to verification with the Borough.
Situated in downtown Lansdale, the property is identified as suitable for auto-related uses. A residential conversion or development is also noted as a possibility, subject to verification with the Borough.
Key Highlights
- 2,400 SF of open flex/warehouse space
- Previously operated as an auto repair garage
- Located in downtown Lansdale Borough
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,549
Cap Rate
8.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$490,980
$491.0K
Cap Rate 7%
$350,700
$350.7K
Cap Rate 9%
$272,767
$272.8K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$31.4K $13.08/SF
− Vacancy
−$2.5K −$1.05/SF
EGI
$28.9K $12.03/SF
− OpEx
−$4.3K −$1.81/SF
NOI
$24.5K $10.23/SF
Area
Montgomery County, PA
Vacancy
8.00%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$490,980
Cap Rate 7%
$350,700
Cap Rate 9%
$272,767
Alternative Uses
Best Use
Retail
$413.9K
$362.1K – $482.8K
NOI $28,970 @ 7.0% cap · market cap 9.99%
Second Best
Flex RnD
$393.0K
$343.8K – $458.5K
NOI $27,507 @ 7.0% cap · market cap 9.49%
Theoretical Best
Specialty Retail
$1.38M
$1.21M – $1.61M
NOI $96,635 @ 7.0% cap · market cap 33.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,361
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19446, PA
58,930
Population
24,983
Households
2.4
Avg Household Size
44
Median Age
51%
College-Educated
93%
High-School Grad
22.6 sq mi
ZIP Area
2,608
Density / Sq Mi
$103,875
Median Household Income
$60,396
Median Earnings
$1,738
Median Rent
$415,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Catering by Manhattan Bagel Lansdale — 401 S Broad St, Lansdale, PA 19446
- Chef Chipper at AAA Catering — 211 W Main St, Lansdale, PA 19446
- Graze and Decor — Lansdale Ave, Lansdale, PA 19446
- Catering By Brunos — 213 N Broad St, Lansdale, PA 19446
Frequently Asked Questions
What type of property is this?
Flex space - The downtown Lansdale property offers an open interior suited to flexible commercial use.
Where is this flex space located?
The property is located at 719 W 3rd St Lansdale, PA.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: 2,400 SF of open flex/warehouse space; Previously operated as an auto repair garage; Located in downtown Lansdale Borough
