761 Sproul Rd Springfield, PA 19064
- Commercial real estate
- 1,720 SF
- 0.06 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 761 Sproul Rd
- Year built
- 1955
- Lot size
- 0.06 lot acres
- Property size
- 1,720 SF
- Property type
- Commercial real estate
- APN
- 25-00-04529-01
- APU
- 25000452901
Description
This exceptional 1,800 square foot commercial building in Springfield, PA, presents a fantastic investment opportunity. Located at 761 W Sproul Road, this property boasts a highly visible location on Route 320, offering excellent exposure to a large volume of traffic. Its strategic proximity to major roadways, including Route 1, I-95, and the Blue Route (476), ensures easy accessibility for customers and employees. The building underwent a complete renovation between 2019 and 2020, resulting in a modern and well-maintained structure. The property is configured to accommodate either one or two tenants, with the first floor comprising approximately 1,000 square feet and the second floor offering approximately 800 square feet. Each floor features separate HVAC and electrical systems, providing tenants with independent climate control and energy management. The second floor includes a convenient rear PVC deck. Safety and security are prioritized with a newly installed security system equipped with cameras. Both floors offer two methods of egress, enhancing safety and compliance. All windows are equipped with window treatments. Currently, the first floor is leased at $3,600 per month, triple net (NNN). This property is ideal for a variety of retail businesses seeking a high-traffic location with modern amenities and excellent accessibility. The asking price is $800,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $250,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $195,000
- 6.5%
- $200,000
- 7%
- $195,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $220,000
- Geo Method
- $200,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $240,000
- Retail
- $175,000
- Mixed-Use
- $230,000
- Hospitality
- $210,000
- Educational
- $190,000
- Residential Income
- $215,000
- Energy
- $210,000
- Income-Based Land
- $240,000
- Food Service
- $185,000
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.349
- Latitude
- 39.9433
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA