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Property profile & analytics
FOR SALE
Warehouses

260 New York Dr Fort Washington, PA 19034

24,032 SF 2.68 ac lot Built 1973
Entity Owned 16-yr Hold ~ Est. High Equity
Property ID
US73-5583889
Property summary
AI-generated overview

This exceptional investment opportunity presents a 24,032-square-foot, single-story flex/office building situated on a generous 2.68-acre lot in Fort Washington, Pennsylvania. The property, located at 260 New York Drive, boasts a Class B designation and is zoned LIM – Limited Industrial District, offering considerable versatility. Built in 1973, the building features a functional layout ideal for a variety of uses. High ceilings, ranging from 12.16 feet clear to 13.5 feet to the deck, provide ample space and flexibility. The property includes convenient amenities such as 89 parking spaces, one loading dock, and one drive-in door, along with a tailgate door, ensuring efficient operations. The property's substantial size and strategic location in Montgomery County, Pennsylvania, make it an attractive prospect for investors seeking a strong return. The building's existing infrastructure and ample parking provide a solid foundation for immediate occupancy or future development. This is a rare opportunity to acquire a well-maintained, versatile commercial property in a desirable location. The property's zoning allows for a range of potential uses, making it an ideal investment for both short-term and long-term growth. Serious inquiries are encouraged.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1973
Total area 24,032 SF
Lot 2.68 ac (116,741 SF)
Zoning code LIM
APN 54-00-12193-00-2
UPID US73-5583889
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
  • Jason Komasz Pediatrician Medical Clinic
  • OsseoLink USA, LLC Dental Office
  • DentaDepot LLC Dental Office
  • AAA DENTALAB LLC Dental Office
  • HI - DENTAL LAB Laboratory
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.09M
Blend (final) Blend
$2.31M
Owner & transaction history
Horsham Real Estate Group LP · 16 yrs held
Horsham Real Estate Group LP
since 2010
7 recorded transactions
2017
Price N/A
2012
Price N/A
2010
$1.4M
2008
Price N/A
2001
Price N/A
1997
Price N/A
1969
Price N/A
Zoning & alternative use
LIM · Fort Washington, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $3.8M +71.9%
Restaurant $3.4M +53.1%
Apartment house (5+ units) $3.3M +51.6%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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