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 Management Consultant / Business Development Service
Property Details for 18 Mainland Rd
- Year built
- 1875
- Lot size
- 2.07 lot acres
- Property size
- 4,924 SF
- Zone code
- C
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 50-00-01975-00-9
- APU
- 500001975009
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 Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $725,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $680,000
- 6.5%
- $685,000
- 7%
- $720,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $630,000
- Geo Method
- $670,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $625,000
- Retail
- $725,000
- Mixed-Use
- $820,000
- Hospitality
- $820,000
- Educational
- $835,000
- Residential Income
- $675,000
- Energy
- $700,000
- Income-Based Land
- $635,000
- Food Service
- $760,000
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