18 Mainland Rd, Harleysville, PA 19438-2527
- Investment properties
- 4,924 SF
- 2.07 lot acres
Current Use by Public Records
- Innovative Development LLC / Business Development Service / Business Management Consultant
Property Details for 18 Mainland Rd
- Year built
- 1875
- Lot size
- 2.07 lot acres
- Zone code
- C
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 50-00-01975-00-9
- APU
- 500001975009
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 27, 2024 | $725,000 | Bekn Properties LLC | Rodimans LLC | Deed | $580k · Qnb Bank |
| Aug 24, 2018 | — | Rodimans LLC | — | Deed · related | $350k · Branch Bk&tr |
| Jun 15, 2017 | $419,000 | Rodimans LLC | Linton,patricia S | Grant Deed | — |
| Dec 13, 2002 | — | Patricia S Linton | Linton,patricia S | Quit Claim Deed · related | $160k · Washington Mutual Fsb |
| — | — | Patricia S Linton | — | Deed Of Trust · related | $182k · United Companies Lending Corp |
| — | — | Rodimans LLC | — | Deed Of Trust · related | $350k · Branch Bk&tr |
Description
This stunning, fully renovated 3-story office building, situated on a 2.07-acre lot in Harleysville, Pennsylvania, presents a unique investment opportunity. Originally built in 1855 and extensively renovated in 2018, the 3,650 square foot building boasts a new roof, HVAC system, flooring, and paint, offering a truly turnkey solution. The property is zoned VC & R1, providing flexibility for various uses, including executive, medical, or traditional office space. A concept sketch plan suggests the potential for conversion into ten townhomes, leveraging the expansive lot size. Twelve dedicated parking spaces are available, and the building benefits from excellent visibility and access on Mainland Road, less than a mile from I-476. The surrounding area demonstrates strong demographics, with an average household income exceeding $138,000 within a 3-mile radius and a projected 4% population growth through 2028. This property is offered at $725,000, with a price per square foot of $198.63. The building's Class B designation reflects its high-quality renovation and modern amenities. This is an exceptional opportunity for owner-users seeking a prime location with significant potential for future development or expansion.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $725,000
- ML approach
- $725,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $850,000
- 6.5%
- $785,000
- 7%
- $730,000
-
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $530,000 Current use
- OFFICE BUILDING
- $805,000 Change: +52% Conversion: Easy
- MEDICAL BUILDING
- $775,000 Change: +46% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $640,000 Change: +21% Conversion: Difficult
- WAREHOUSE, STORAGE
- $450,000 Change: -15% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Harleysville
- County
- Montgomery
- State
- Pennsylvania
- Longitude
- -75.3586
- Latitude
- 40.2543
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
