Building Details

Building Size 1,411 SF

Year Built 1900

Buildings 1

Stories 3

Listing Agency: BHHS Fox & Roach-Chestnut Hill

Listed By: Henry Houston Meigs III · License #RS343385 Show Phone

Source: Lizclarkrealestate

Added: Jun 19 Changed: Oct 8 Last Checked: Oct 7 at 4:11PM

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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 BHHS Fox & Roach-Chestnut Hill

Investment Insights

Based on property information with market context.

Built in 1900, this mixed-use building combines a first-floor commercial area with residential space across the second and third floors. The upper unit includes two bedrooms, a living room, kitchen, and bathroom. The ground-floor area was most recently operated as a deli-style take-out restaurant, providing a documented commercial configuration without limiting the property description to that former use.

The building occupies a 31-foot by 99-foot lot in the Wyndmoor business district. Rear off-street parking is available through an easement. The property is located at 918 E Willow Grove Avenue in Wyndmoor, Pennsylvania, within an area described as having recent commercial and residential development.

Key Highlights

• Mixed‑use building with first‑floor commercial space and upper‑level residential unit
• Two‑bedroom apartment spans the second and third floors
• Upper unit includes a living room, kitchen, and bathroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$19,063

Cap Rate

4.10%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$381,260 $381.3K

Cap Rate 7%

$272,329 $272.3K

Cap Rate 9%

$211,811 $211.8K

Market Conditions

NOI Build-Up for 1,411 SF

Gross rent

$36.9K $26.16/SF

− Vacancy

−$2.3K −$1.60/SF

EGI

$34.7K $24.56/SF

− OpEx

−$15.6K −$11.05/SF

NOI

$19.1K $13.51/SF

Area

Montgomery County, PA

Vacancy

6.10%

Lease Rate

$26.16 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$381,260

Cap Rate 7%

$272,329

Cap Rate 9%

$211,811

Alternative Uses

Best Use

Specialty Retail

$811.6K

$710.2K – $946.9K (±1% cap)

NOI $56,814 @ 7.0% cap · market cap 12.22%

Second Best

Apartment 5plus

$272.3K

$238.3K – $317.7K (±1% cap)

NOI $19,063 @ 7.0% cap · market cap 4.10%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

El Jefe Wings ... Restaurant EL JEFE TAQUERIA Restaurant

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Building Supply Hair Salon Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Residential units

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

478

Businesses Nearby

15k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 93% Beauty & Spa 7%

7-Eleven Shops & Services

7,148 visits/mo 0.0 miles

Conoco Shops & Services

6,425 visits/mo 0.1 miles

The Lash Lounge Beauty & Spa

1,099 visits/mo 0.0 miles

Demographics for 19038, PA

32,490

Population

11,889

Households

2.7

Avg Household Size

40

Median Age

56%

College-Educated

96%

High-School Grad

8.2 sq mi

ZIP Area

3,962

Density / Sq Mi

$113,464

Median Household Income

$56,934

Median Earnings

$1,407

Median Rent

$387,800

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Four-Story Residential Income Development

1005 E WILLOW GROVE AVENUE, Wyndmoor, PA 19038

$685,000

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Wyndmoor Retail Condominium Strip Center

909 E Willow Grove Ave, Wyndmoor, PA 19038

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9,050 SF

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Business #1 zoning supports a street-level commercial space with a two-bedroom residential unit above.

Where is this mixed-use property located?

The property is located at 918 E WILLOW GROVE AVENUE Unit Wyndmoor, PA.

What is the asking price?

The asking price for this property is $465,000.

What are key features of this property?

This property features: Mixed‑use building with first‑floor commercial space and upper‑level residential unit; Two‑bedroom apartment spans the second and third floors; Upper unit includes a living room, kitchen, and bathroom