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Property profile & analytics
FOR SALE
Commercial real estate

29 Madison Ave Lansdowne, PA 19050

950 SF 0.02 ac lot Built 1950
Individually Owned 25-yr Hold ~ Est. High Equity
Property ID
US73-0472992
Property summary
AI-generated overview

This 400-square-foot office building, located at 29 Madison Avenue in Lansdowne, Pennsylvania, presents a unique investment opportunity. Situated on a 0.1-acre lot, the property is currently utilized as an event space, demonstrating its versatility and potential for diverse income streams. The asking price is $149,900. A key advantage is the possibility of delivering the property vacant, offering flexibility to the new owner. The building is being sold "as is," meaning the buyer assumes responsibility for any necessary repairs or renovations. This presents an opportunity for customization and tailoring the space to specific needs. The property's compact size makes it ideal for a small business or professional office, while its current use as an event space highlights its adaptability. The seller mandates the use of ACT Land Transfer for the title transfer process. This well-located Lansdowne property offers a compelling combination of immediate income potential and long-term growth prospects. Its convenient location and versatile nature make it an attractive option for investors seeking a profitable and adaptable commercial asset. The property's current configuration and "as is" condition provide a blank canvas for the buyer to create a space perfectly suited to their vision. This presents a chance to capitalize on the existing infrastructure while implementing personalized improvements. Serious inquiries are encouraged to explore this promising investment opportunity further.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1950
Total area 950 SF
Lot 0.02 ac (814 SF)
APN 23-00-01914-00
UPID US73-0472992
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
James M Blackwell · 25 yrs held
James M Blackwell
since 2001
2 recorded transactions
2001
$18,000
2000
$4,500
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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