Current Use by Public Records
- Lifestyle centers
Property Details for 241 Butler Ave & Skyline Dr
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
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.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chalfont
- County
- Bucks
- State
- Pennsylvania
- Longitude
- -75.2157
- Latitude
- 40.2798
