1207 Butler Pike Conshohocken, PA 19428
- Office Properties & Spaces
- 8,500 SF
- 1.65 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 1207 Butler Pike
- Lot size
- 1.65 lot acres
- Property size
- 8,500 SF
- Property type
- Office Properties & Spaces
Description
This exceptional Conshohocken, PA office complex presents a compelling investment opportunity. Priced at $2,500,000, this property boasts a 7.00% cap rate and a strong net operating income (NOI) of $175,000. The property consists of two buildings totaling 8,500-8,800 square feet, situated on a 1.65-acre lot with ample parking for 42 vehicles. The main building, meticulously restored approximately five years ago, features a striking brick exterior and three bathrooms. The adjacent building offers approximately 3,450 square feet, including two ADA-compliant bathrooms and a kitchen. Currently housing two tenants with a lease expiration date of December 30, 2024, the property offers a modified lease type with rent bumps. The buildings are two stories each and were renovated in 1989, 2016, and 2018. Benefiting from a high-traffic location near the I-476 and I-76 Interchange and Route 23, the property enjoys exceptional visibility with over 37,000 vehicles passing daily. Zoned B residential, the property allows for diverse uses including retail, office, apartments, and mixed-use developments. This presents a unique opportunity for owner-users or investors seeking a high-return property in a prime location.
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
- Conshohocken
- County
- Montgomery
- State
- Pennsylvania
- Longitude
- -75.2966
- Latitude
- 40.0833
