223 Park RdHavertown, PA 19083

Property Details for 223 Park Rd

Year built

1930

Lot size

0.38 AC

Property size (Sq ft)

2,615 SF

Property type

Investment properties

Property subtype

Live-work space

APN

22-02-00893-00

APU

22020089300

Description

This exceptional Havertown property at 223 E Park Road offers a unique investment opportunity. The substantial 3,486 square foot, six-bedroom historic home sits on a generous 0.83-acre lot, currently operating as a daycare center. This presents a ready-made business opportunity for a buyer looking to continue this established use. Alternatively, the expansive lot size presents significant potential for redevelopment. The property's zoning allows for the possibility of subdividing the land into multiple buildable lots, creating additional income streams or residential opportunities. Ample parking and a detached garage add to the property's appeal. This property is conveniently located in Havertown, PA. Note that this property may be purchased as a package deal with the neighboring property at 112 E Township Line Rd., which also features a large double lot. Interested parties should investigate the potential for this combined purchase to maximize their investment. The asking price for 223 E Park Road is $550,000. Further details regarding zoning regulations and subdivision possibilities are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $736,339

  6.5%

  $679,698

  7%

  $631,148

• Comparable approach

  Method

  Valuation

  Relative Method

  $341,676

  Geo Method

  $341,676

• Alternative Use

  Use

  Valuation

  Residential

  $842,825

  Hospitality

  $772,023

  Educational

  $642,314

  Medical

  $664,405

  Retail

  $999,156

Location Insight

City

Havertown

County

Delaware

State

Pennsylvania

Latitude

39.9699

Longitude

-75.292

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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