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Property profile & analytics
FOR SALE
Retail space

1060 Greeley Ave Ivyland, PA 18974

14,890 SF 0.25 ac lot Built 1901
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US73-0474668
Property summary
AI-generated overview

This expansive 17,914 square foot, three-story building presents a remarkable investment opportunity in the desirable borough of Ivyland, Pennsylvania. Situated on a 0-acre lot at 1060 Greeley, this property offers a blank canvas for a variety of commercial ventures. Significant renovations have already been completed, including a new roof, partial new siding, several new windows, new gutters, new doors, and a new fire alarm system, significantly reducing the upfront investment required. The building's substantial size allows for numerous possibilities. A potential development plan includes eight condominium units, each approximately 2,100 square feet, offering strong earning potential. Alternatively, the property's layout and size are well-suited for an agricultural center, including an indoor farm, grow facility, or even a medical marijuana dispensary (subject to local zoning regulations). Other potential uses include a lumber yard or repair shop. The property's versatility is further enhanced by its location in a highly desirable area within a great town. While photographs showcase a portion of the building, a personal viewing is highly recommended to fully appreciate its scale and potential. Prospective buyers are advised to conduct their due diligence with the Borough Zoning Board to confirm the feasibility of their intended use. Priced at $875,000, this property represents a unique chance to acquire a substantial commercial space with significant upside.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1901
Total area 14,890 SF
Lot 0.25 ac (10,850 SF)
Zoning code R1
APN 17-003-021
UPID US73-0474668
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$590k
CAP Approach CAP
by Request
Comparable Approach Comparable
$584k
Blend (final) Blend
$545k
Owner & transaction history
Bowman Residential LLC · 1 yrs held
Bowman Residential LLC
since 2025
Last sale
$525,000
7 recorded transactions
2025
$300,000
2022
$525,000
2022
Price N/A
2019
Price N/A
2018
Price N/A
2017
Price N/A
2017
Price N/A
Zoning & alternative use
R1 · Ivyland, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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