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Property profile & analytics
OFF-MARKET
Lifestyle centers

241 Butler Ave & Skyline Dr Chalfont, PA 18914

46,051 SF
Property ID
Property summary
AI-generated overview

This exceptional 46,051-square-foot shopping center in Chalfont, Pennsylvania, presents a unique owner-user investment opportunity. Located at the signalized intersection of West Butler Avenue and Skyline Drive, this 7.31-acre property boasts high visibility and convenient access to Route 309. Currently 13.55% occupied, the center offers flexible space ranging from 21,000 to 34,000 square feet, ideal for owner-operators seeking to offset costs through leasing the remaining space. A vacant outparcel, previously a bank, provides additional income potential through lease or sale, further reducing the cost basis. The property benefits from a strong location within the Philadelphia MSA, a 5-mile population of 127,348, and an affluent average household income exceeding $152,070. Nearby national retailers include Giant, Walmart, and Home Depot. Built in 1989, the center features a mix of local and regional tenants, with a highly visible former grocery store and additional inline space available for lease. The C-1 zoning allows for a variety of retail uses. This property offers a compelling combination of immediate occupancy and long-term growth potential in a thriving market. The property's strategic location and flexible space options make it an attractive investment for both owner-operators and investors seeking a strong return.

Property profile
Verified
Property type Lifestyle centers
Total area 46,051 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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