311 Baltimore Ave Media, PA 19063
- Parking lots & garages
- 0.15 lot acres
Current Use by Public Records
- New View Gifts & Accessories / Gift Shop
- Sharon Hicks, MS / Occupational Therapist
- Vape Depot Media / Vaporizer Store
- XpressMaids House Cleaning Media / Cleaners
- Tracy Miller / Occupational Therapist
Property Details for 311 Baltimore Ave
- Lot size
- 0.15 lot acres
- Property type
- Parking lots & garages
- APN
- 26-00-00141-00
- APU
- 26000014100
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $280,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $275,000
- 6.5%
- $270,000
- 7%
- $260,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $280,000
- Geo Method
- $290,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $275,000
- Retail
- $235,000
- Mixed-Use
- $235,000
- Hospitality
- $290,000
- Educational
- $245,000
- Residential Income
- $260,000
- Energy
- $260,000
- Income-Based Land
- $290,000
- Food Service
- $235,000
Location Insight
- Map
- Local Demand
- City
- Media
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.3938
- Latitude
- 39.9177
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
