Property profile

1364 Welsh Rd North Wales, PA 19454

FOR SALE
Office buildings
Property ID
US73-5685062
28,414 SF 2.63 ac lot Built 1945
Entity Owned 9-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial property, located at 1364 Welsh Road in North Wales, Pennsylvania (zip code 19454), presents a unique opportunity for both owner-users and investors. The property encompasses three Class A office buildings totaling 28,414 square feet, situated on a 2.63-acre lot. The buildings feature a flexible layout suitable for various office uses, including executive, medical, and creative office spaces. With 17,000 square feet of net rentable space, the property offers ample room for expansion or multiple tenants. The property boasts excellent visibility and signage opportunities due to its prime location on busy Welsh Road (Route 63). Ample parking is provided at a ratio of 3.6 spaces per 1,000 square feet. The property is zoned LI-Limited Industrial (APN: 46-04249007), offering versatility for various business types. Space is available in sizes ranging from 1,000 to 5,000 square feet. This is a rare opportunity to acquire a well-located, multi-building office complex in a thriving Montgomery County market. The asking price is $1,995,000. The property consists of three buildings across two stories.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1945
Total area 28,414 SF
Lot 2.63 ac (114,563 SF)
Zoning code LI
APN 46-00-04249-00-7
UPID US73-5685062

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Alternative Medicine Practice
  • Gym & Fitness Center
  • Gym & Fitness Center Training Center
  • Insurance Agency
  • Family Counselor

Location

1364 Welsh Rd North Wales, PA 19454
North Wales metro Census 200605 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.68M
Blend (final) Blend
$1.62M

Owner & transaction history

since 2017
4 recorded transactions
2017
$1.7M
2009
Price N/A
1999
Price N/A
1969
Price N/A

Zoning & alternative use

LI · North Wales, PA
Zoning description

velopment District (TOD) § 208-41 Purpose and applicability. § 208-42 Permitted uses. § 208-43 Dimensional requirements for development. § 208-44 Development design standards. § 208-45 Design review criteria. Article XI…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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