304 Old Lancaster Rd, Merion Station, PA 19066-1555
- Apartment buildings
- 13,467 SF
- 0.46 lot acres
Current Use by Public Records
- Floor Coverings International Mainline / Carpet & Flooring Store / Hardware & Home Improvement
- Sycamore Court Apartments / Apartment Building
- PaleoWest / Association / Organization
Property Details for 304 Old Lancaster Rd
- Year built
- 1950
- Lot size
- 0.46 lot acres
- Zone code
- R7
- Property type
- Apartment buildings
- APN
- 40-00-44140-00-1
- APU
- 400044140001
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| May 1, 2023 | $3,400,000 | Sycamore Court Investments LLC | Lancaster Merion LLC | Special Warranty Deed | — |
| Jan 24, 2018 | $2,860,000 | Lancaster Merion LLC | Merion Partners I LLC | Grant Deed · related | — |
| Apr 1, 2016 | $1,500,000 | Merion Partners I LLC | Sycamore Court Associates L P | Deed | — |
| May 10, 2011 | — | Sycamore Court Associates LP | — | Deed Of Trust · related | $1.4M · Beneficial Mutual Savings |
| Oct 11, 2005 | $1,700,000 | Sycamore Court Associates | Avgerinos,constantine & Niki | Grant Deed | $1.7M · Royal Bank America |
| — | — | Constantine Avgerinos | — | Deed Of Trust · related | $25k · First Pennsylvania Bank |
| — | — | Merion Partners I LLC | — | Deed Of Trust · related | $2.1M · New York Cmnty Bk |
| — | — | Constantine Avgerinos | — | Deed Of Trust · related | $620k · Pennsylvania Savings Bank |
Description
This exceptional 17,000 square foot, three-story Class B commercial building, located at 304 Old Lancaster Road, Bala Cynwyd, offers a unique leasing opportunity. Built in 1970 and extensively renovated in 2021, the property boasts 20 suites, with one immediately available space of 900 square feet. The minimum divisible space is 900 square feet, and the maximum contiguous space available is also 900 square feet. The building is ideally situated at the corner of Old Lancaster Road and Montgomery Avenue, providing excellent visibility and accessibility. Its convenient location offers easy access to local restaurants and a SEPTA bus stop directly at the corner. Ample onsite parking is available (12+ spaces). The property is zoned commercial and falls within the Merion submarket cluster. The building is suitable for a variety of uses, including retail and office space, making it an attractive option for businesses seeking a well-maintained and conveniently located space. The building does not have elevators. This is a multi-tenant building.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,690,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,030,000
- 6.5%
- $2,800,000
- 7%
- $2,600,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,580,000
Market price range: $1.07M - $2.58M -
Alternative Use
- Use
- Estimation
- AUTO REPAIR, GARAGE
- $3,980,000
- RETAIL STORES
- $3,625,000
- OFFICE BUILDING
- $2,205,000
- MEDICAL BUILDING
- $2,125,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Merion Station
- County
- Montgomery
- State
- Pennsylvania
- Longitude
- -75.2428
- Latitude
- 40.0047
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
