Current Use by Public Records
- Self storage facilities
Property Details for 8116 Church Rd
- Year built
- 2024
- Property type
- Self storage facilities
Description
This exceptional opportunity presents a permitted self-storage development project in Elkins Park, Pennsylvania. Located at 8116 Church Rd, Montgomery County, the 1.23-acre site offers 108,116 square feet of net rentable space, slated for completion in 2024. The project involves demolishing an existing skating rink to construct a modern self-storage facility, incorporating four indoor pickleball courts and associated retail space. This development benefits from a strong demographic profile, with a high population density (634,233 within a 5-mile radius) and significant projected growth (2.4%). The area boasts a median household income of $72,713 and an average household income of $96,248 within a 3-mile radius. Furthermore, the low competition, reflected in a 3-mile NRSF per capita of 1.70 and a 5-mile NRSF per capita of 2.75, positions this project for strong market performance. A value-add opportunity exists with the seller's willingness to lease back the pickleball courts and handle the demolition of the existing ice rink. The zip code is 19027. This is a unique chance to capitalize on a thriving market with a permitted project ready for immediate development.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Elkins Park
- County
- Montgomery
- State
- Pennsylvania
- Longitude
- -75.1293
- Latitude
- 40.0777
