610 Old York Rd Jenkintown, PA 19046
- Self storage facilities
- 30,487 SF
- 7.91 lot acres
Current Use by Public Records
- Self storage facilities
Property Details for 610 Old York Rd
- Year built
- 2005
- Lot size
- 7.91 lot acres
- Property size
- 30,487 SF
- Property type
- Self storage facilities
Description
This five-story, 30,487-square-foot self-storage facility in Jenkintown, PA, offers 340 non-climate-controlled drive-up units. Built in 2005 on a 7.91-acre lot (APN: 10-00-05364-00-8), it boasts a strong 81.7% physical occupancy, despite rental rates 13%-83% below market. The property enjoys a prime location just ten minutes from Philadelphia, within a thriving commercial area less than a mile from Trader Joe's and Whole Foods. Its high visibility is further enhanced by proximity to Bank of America, FedEx, and other prominent businesses. The surrounding area is densely populated, with 467,562 residents within a five-mile radius and a median household income exceeding $109,868 within one mile. The property benefits from high traffic volume, averaging approximately 27,715 vehicles daily. With a supply of only 3.01 net rentable square feet per capita within a five-mile radius, this facility presents a significant opportunity for increased revenue and strong return on investment. The property is situated within an attractive art deco complex, sharing space with tenants such as Regus and Outback Steakhouse.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Jenkintown
- County
- Montgomery
- State
- Pennsylvania
- Longitude
- -75.1257
- Latitude
- 40.1016
