131 Morton Ave Folsom, PA 19033
- Gas stations
- 1,800 SF
- 0.91 lot acres
Current Use by Public Records
- Carli's Automotive (formerly Carli’s Sunoco ) / Car Repair And Maintenance Service / Mechanic
Property Details for 131 Morton Ave
- Year built
- 1960
- Lot size
- 0.91 lot acres
- Property size
- 1,800 SF
- Property type
- Gas stations
- APN
- 38-03-01631-00
- APU
- 38030163100
Description
This exceptional commercial land parcel in Folsom, Pennsylvania presents a unique investment opportunity. Strategically situated between Vybe Medical and Carli Automotive, this location offers unparalleled visibility and accessibility. The property is currently available for lease at a monthly rate of $2,500. This lease does not include access to the Carli Automotive property. A significant advantage is the inclusion of 15 dedicated parking spaces located at the rear and side of the property. While these spaces are currently available, securing permits for additional parking will be the responsibility of the landlord. The current owner is actively pursuing the construction of a three-bay garage, ideally suited for a mechanic, auto body shop, or other automotive-related business. This build-to-suit option provides a flexible and customizable solution for prospective tenants. The property's prime location, combined with the potential for a new, purpose-built garage and ample parking, makes this an exceptional opportunity for businesses seeking a strong foothold in the thriving Folsom market. The land itself is currently unimproved, offering a blank canvas for development tailored to specific business needs. Serious inquiries are encouraged to explore this exciting prospect further.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $300,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $380,000
- 6.5%
- $370,000
- 7%
- $375,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $355,000
- Geo Method
- $385,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $320,000
- Retail
- $315,000
- Mixed-Use
- $360,000
- Hospitality
- $365,000
- Educational
- $335,000
- Residential Income
- $325,000
- Energy
- $315,000
- Income-Based Land
- $405,000
- Food Service
- $390,000
Location Insight
- Map
- Local Demand
- City
- Folsom
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.3307
- Latitude
- 39.8842
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
