Property profile

1377 Old York Rd Abington, PA 19001

OFF-MARKET
Investment properties
Property ID
US73-2173426
4,356 SF 0.41 ac lot Built 1950
Entity Owned 11-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 540-square-foot commercial space, situated at 1377 Old York Road, Unit 2, in Abington, Pennsylvania, presents a fantastic opportunity for a variety of businesses. Its prime location on the bustling Old York Road ensures high visibility and convenient access for clients and employees alike. The property boasts ample on-site parking, a significant advantage for both staff and customers. The unit itself is in excellent condition, offering a clean and functional layout ready for immediate occupancy. Its adaptable design makes it suitable for a range of uses, including medical practices, retail establishments, general office spaces, or other service-oriented businesses. The space benefits from its proximity to Abington Hospital, further enhancing its appeal and accessibility. This attractive property is situated on a 0.41-acre lot. The asking price is currently unavailable, but the base rent includes utilities, making this a cost-effective option for small businesses seeking to establish or expand their operations. The high-traffic location and excellent visibility make this an ideal space for businesses looking to thrive in a vibrant commercial area. This property offers a compelling combination of location, convenience, and affordability.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1950
Total area 4,356 SF
Lot 0.41 ac (18,000 SF)
Zoning code F1
APN 30-00-49868-00-7
UPID US73-2173426

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 Spa & Massage Center
  • Dental Office
  • Physician
  • Dental Office

Location

1377 Old York Rd Abington, PA 19001-3411
Abington metro Census 201608 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
$695k
Comparable Approach Comparable
$649k
Blend (final) Blend
$315k

Owner & transaction history

since 2014
3 recorded transactions
2014
$345,000
2000
$150,000
1969
Price N/A

Zoning & alternative use

F1 · Abington, PA
Top alternative use upside
Office building $715,000 +45.8%
Medical building $685,000 +40.4%
Neighborhood: shopping center $570,000 +16.1%

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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