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555 2Nd Ave Collegeville, PA 19426

Sponsored
For Sale
$1,250,000

6,000 SF Office, 4.11% Cap Rate

Property size:
6,000 SF

Description

Added:
Dec 11, 2024
Days on Market:
391
This Collegeville, PA office building (555 2nd Ave, D-6) offers a unique investment opportunity. The 6,000 square foot, two-story Class B building, built in 1994 and renovated in 2010, sits on a 0.14-acre lot and features 100 parking spaces. Currently 70% occupied with three tenants, the property boasts a Net Operating Income (NOI) of $51,345, with a pro-forma NOI of $100,381. The asking price is $1,250,000, representing a 4.11% cap rate and a pro-forma cap rate of 8.03%. The building is zoned for office condominiums and includes a mix of creative, medical, and traditional office spaces. Available space totals approximately 3,500 square feet, with potential for expansion. Additional space is available for lease in August 2023. The property benefits from a convenient location near Routes 422 and 29, with easy access to Oaks, Audubon/Trooper, Schwenksville, Phoenixville, and other nearby areas. Amenities include a private entrance, multiple exits, elevator access, and a shared kitchen. The building's prime location is across from a Wawa and near the Providence Town Center. This owner/user opportunity presents a strong potential for income generation and appreciation in a rapidly growing area. The current leases allow for rent bumps. The property is fee simple ownership.

Property Features for 555 2Nd Ave

General Information

Property type
Medical offices
Square Feet
6,000 SF
Class
B
Lot Size
6,098 SF

Building Details

Year Built/Renovated
1994/2010
Buildings
1
Stories
2
Units
5

HighLights

  • Investment opportunity: 6,000 SF Class B office building in Collegeville, PA.
  • Currently 70% occupied, offering a $51,345 NOI and a pro‑forma NOI of $100,381.
  • Asking price: $1,250,000, representing a 4.11% cap rate (8.03% pro‑forma).
  • Features 3,500 SF of available space, ready for immediate occupancy.
  • Excellent location near Routes 422 & 29, with amenities including ample parking and proximity to retail.
  • Owner‑user opportunity with potential for rent increases.
Property Profile Location Intelligence

Current Use by Public Records

Calvin & Sons Plumbing Plumber Vickie F. Krause, ... Chiropractor Pennsylvania Oral & Maxillofacial ... Oral Surgeon Collegeville Dental Center Dental Clinic Collegeville Pediatric Dentistry Pediatric Dentist

Suggested Use

Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Collegeville
County
Montgomery
State
Pennsylvania
Longitude
-75.459618141155
Latitude
40.177159160992

FAQs

What type of property is this?
Medical office - 6,000 SF Office, 4.11% Cap Rate
Where is this medical office located?
The property is located at 555 2Nd Ave Collegeville, PA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Investment opportunity: 6,000 SF Class B office building in Collegeville, PA.; Currently 70% occupied, offering a $51,345 NOI and a pro-forma NOI of $100,381.; Asking price: $1,250,000, representing a 4.11% cap rate (8.03% pro-forma).
More about this property
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