50 2Nd Ave Collegeville, PA 19426
- Investment properties
- 7,294 SF
- 0.57 lot acres
Current Use by Public Records
- Key Knowledge / Tutoring Service / Mathematics School
- Carranza Roofing & Remodeling / Roofing Contractor
- Audubon Family Medicine: Schurtz Rannette C MD / Family Practice Physician
- Nails By Sunshine / Nail Salon
- Assisting Hands of Collegeville / Home Health Care Service / Home Help Service Agency
Property Details for 50 2Nd Ave
- Year built
- 1979
- Lot size
- 0.57 lot acres
- Property size
- 7,294 SF
- Zone code
- C2
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 04-00-01672-00-7
- APU
- 40001672007
Description
This exceptional 900-square-foot commercial property, located at 50 Second Avenue in Montgomery County, presents a unique investment opportunity. The building, constructed in 1979 and renovated in 2012, boasts a Class B designation and offers a blend of executive office and coworking spaces, perfect for a variety of businesses. The entire 900 square feet is currently vacant, providing immediate occupancy for a single tenant or the potential to subdivide the space. The property sits on a 0.567-acre lot and features a two-story building with six total suites. Ample parking is available with 24 spaces. The building is zoned GC - General Commercial, allowing for diverse business applications. While there are no elevators, the building's layout is designed for efficient access to all suites. The convenient location, with proximity to Main Street, ensures high visibility and accessibility for clients and employees. This versatile property is ideal for businesses seeking a well-maintained, centrally located space with ample parking. The property's flexible layout and zoning make it suitable for a wide range of commercial uses. Don't miss this chance to secure a prime location in a thriving Montgomery County market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,500,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,470,000
- 6.5%
- $1,350,000
- 7%
- $1,520,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,565,000
- Geo Method
- $1,480,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,590,000
- Retail
- $1,590,000
- Mixed-Use
- $1,405,000
- Hospitality
- $1,540,000
- Educational
- $1,415,000
- Residential Income
- $1,660,000
- Energy
- $1,545,000
- Income-Based Land
- $1,530,000
- Food Service
- $1,395,000
Location Insight
- Map
- Local Demand
- City
- Collegeville
- County
- Montgomery
- State
- Pennsylvania
- Longitude
- -75.4504
- Latitude
- 40.1843
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
