Current Use by Public Records
- Warehouses
Property Details for 827 Rices Mill Rd
- Year built
- 1900
- Lot size
- 6.65 lot acres
- Property type
- Warehouses
- Property subtype
- Retail properties & Spaces
Description
This exceptional mixed-use property, located at 827 Glenside Avenue & 0 Rices Mill Road in Wyncote, Pennsylvania (zip code 19095), offers a unique investment opportunity. The 93,423 square foot property sits on a 6.65-acre lot and comprises two parcels: a 4.27-acre parcel zoned MU2 (Mixed Use District, Cheltenham Township) and a 2.38-acre parcel zoned R2 (Residential District, Cheltenham Township). The main building, constructed in 1900 and fully renovated in 2015, currently houses 18 tenants in a multi-tenant configuration, generating a Net Operating Income (NOI) of $987,585. Amenities include 30 surface parking spaces, roof-mounted HVAC units, and a wet sprinkler system. Utilities are provided by PECO (electricity), public water, and public sewer. The property features a variety of office and warehouse space. Please note that the property is located within the 100-year and 200-year floodplain and the regulatory floodway, with Tacony Creek running beneath the site. Parcel IDs are 31-00-22831-00-7 and 31-00-22834-00-4. Annual property taxes total $102,507. This property presents a compelling opportunity for investors seeking a substantial mixed-use portfolio addition in Montgomery County.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wyncote
- County
- Montgomery
- State
- Pennsylvania
- Longitude
- -75.1451
- Latitude
- 40.0975
