3120 Ridge Pike Norristown, PA 19403
- Investment properties
- 8,016 SF
- 1.27 lot acres
Current Use by Public Records
- Eagleville Fence Co Inc / Fence Contractor
- Agua Bistro / Restaurant
- People Centric Real Estate / Real Estate Agency
- Samantha snyder / Real Estate Agent
- Matthew Cianci & Sons Insurance Counseling LLC / Insurance Agency / Life Insurance Agency
Property Details for 3120 Ridge Pike
- Year built
- 1974
- Lot size
- 1.27 lot acres
- Property size
- 8,016 SF
- Zone code
- GC
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 43-00-11602-00-1
- APU
- 430011602001
Description
This exceptional 500-square-foot medical office space is located on the second floor of a well-maintained building at 3120 W Ridge Pike. Built in 1971 and extensively renovated in 2019, the property offers a modern and functional layout ideal for a variety of medical practices. The space features newly painted walls, new carpeting, and abundant natural light from numerous windows. The efficient design maximizes space and functionality. Heating is provided by electric baseboard units, supplemented by window air conditioning units for climate control. The building is a single-story structure, offering easy access and convenient parking. A spacious macadam parking lot is available for tenants and clients. The property is situated in the Ridge Pike Business District (RPB zoning), allowing for a wide range of commercial uses. Prominent signage opportunities exist along the heavily trafficked Ridge Pike, ensuring high visibility for your business. The convenient location offers easy access to a variety of shops and restaurants, providing added convenience for both staff and clients. The monthly rent is $833, plus utilities and janitorial services. The asking rate is $20.00 per square foot. This is a single-tenant occupancy space.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $345,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $510,000
- 6.5%
- $500,000
- 7%
- $490,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $545,000
- Geo Method
- $430,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $415,000
- Retail
- $415,000
- Mixed-Use
- $460,000
- Hospitality
- $525,000
- Educational
- $395,000
- Residential Income
- $525,000
- Energy
- $490,000
- Income-Based Land
- $545,000
- Food Service
- $385,000
Location Insight
- Map
- Local Demand
- City
- Eagleville
- County
- Montgomery
- State
- Pennsylvania
- Longitude
- -75.4027
- Latitude
- 40.1559
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
