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Property profile & analytics
OFF-MARKET
Parking lots & garages

311 Baltimore Ave Media, PA 19063-3500

0.15 ac lot
Individually Owned 5-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US73-2413940
Property summary
AI-generated overview

This exceptional Class A mixed-use property, located at 311 E. Baltimore Ave in Media, Pennsylvania, presents a unique investment opportunity. The 26,744 square foot building, constructed in 2003 with renovations completed in 2011, boasts a desirable location in the heart of Media Borough, Delaware County's county seat. Currently 100% occupied by three tenants – two retail spaces on the ground floor and a single office tenant occupying the entire second and third floors – the property generates a strong net operating income (NOI) of approximately $450,000. The building features 22,460 square feet of net rentable space, spread across three stories, with two elevators and multiple bathrooms on each floor. The 0.59-acre lot includes 34 parking spaces, a covered parking area, a convenient loading platform, and a rooftop deck. The property benefits from high visibility on Route 1 (Baltimore Ave) and is within walking distance of numerous restaurants, coffee shops, the courthouse, and other shopping amenities. This sale/leaseback opportunity is ideal for an owner-user seeking to relocate their business or for an investor looking for a strong, stable income stream. The existing office tenant offers a potential three-year leaseback option, providing flexibility for the new owner. The property is zoned HBO.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Lot 0.15 ac (6,331 SF)
APN 26-00-00141-00
UPID US73-2413940
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
  • New View Gifts & Accessories (Bike/Boat/Book/etc) Store
  • Sharon Hicks, MS Physician
  • Vape Depot Media (Bike/Boat/Book/etc) Store Alternative Medicine Practice
  • XpressMaids House Cleaning Media (Bike/Boat/Book/etc) Store
  • Tracy Miller Physician
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
Commonwealth Real Estate Investors · 5 yrs held
Commonwealth Real Estate Investors
since 2021
3 recorded transactions
2021
Price N/A
2005
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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