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Property profile & analytics
OFF-MARKET Estimated value $580,000
Commercial real estate

219 Chester Pike Norwood, PA 19074-1703

4,632 SF 0.22 ac lot Built 1967
Entity Owned 11-yr Hold
Property ID
US73-0103054
Property summary
AI-generated overview

This exceptional 2600-square-foot retail space at 219 Chester Pike in Norwood, PA, presents a fantastic opportunity for businesses seeking high visibility and convenient access. Located in a high-traffic area, this property boasts prime frontage ensuring maximum exposure to potential customers. Ample parking is available for ten or more vehicles in the rear, supplemented by convenient street parking. Previously a thriving hair salon, the space is ready for immediate occupancy. The layout is well-suited for a variety of retail uses, and the landlord is willing to negotiate the monthly rent to include existing salon fixtures and necessities, making this a true turnkey operation. This represents a significant advantage for new businesses or those looking to expand, eliminating the need for substantial upfront investment in equipment. The property's location in Norwood offers easy access for clients and customers, making it an ideal location for a wide range of retail ventures. The high visibility and ample parking combine to create a compelling proposition for any business seeking a strong foothold in a thriving community. Serious inquiries are encouraged to explore this exceptional opportunity.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1967
Total area 4,632 SF
Lot 0.22 ac (9,750 SF)
APN 31-00-00075-00
UPID US73-0103054
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
Current use
Occupant on record · Public records
  • Shear Brilliance Salon and Spa Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$705k
Comparable Approach Comparable
$589k
Blend (final) Blend
$580k
Owner & transaction history
Cleaver Property Management Co · 11 yrs held
Cleaver Property Management Co
since 2014
1 recorded transaction
2014
$180,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $550,000 +23.5%
Office building $525,000 +18.2%
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