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Property profile & analytics
FOR LEASE
Investment properties

3120 Ridge Pike Norristown, PA 19403

8,016 SF 1.27 ac lot Built 1974
Individually Owned 23-yr Hold Absentee Owner Free & Clear
Property ID
US73-2562958
Property summary
AI-generated overview

This exceptional 500-square-foot medical office space is located on the second floor of a well-maintained building at 3120 W Ridge Pike. Built in 1971 and extensively renovated in 2019, the property offers a modern and functional layout ideal for a variety of medical practices. The space features newly painted walls, new carpeting, and abundant natural light from numerous windows. The efficient design maximizes space and functionality. Heating is provided by electric baseboard units, supplemented by window air conditioning units for climate control. The building is a single-story structure, offering easy access and convenient parking. A spacious macadam parking lot is available for tenants and clients. The property is situated in the Ridge Pike Business District (RPB zoning), allowing for a wide range of commercial uses. Prominent signage opportunities exist along the heavily trafficked Ridge Pike, ensuring high visibility for your business. The convenient location offers easy access to a variety of shops and restaurants, providing added convenience for both staff and clients. The monthly rent is $833, plus utilities and janitorial services. The asking rate is $20.00 per square foot. This is a single-tenant occupancy space.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1974
Total area 8,016 SF
Lot 1.27 ac (55,234 SF)
Zoning code GC
APN 43-00-11602-00-1
UPID US73-2562958
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
  • Eagleville Fence Co Inc General Contractor Construction Company
  • Agua Bistro Restaurant
  • People Centric Real Estate Real Estate Agency
  • Samantha snyder Real Estate Agency
  • Matthew Cianci & Sons Insurance Counseling LLC Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$862k
Blend (final) Blend
$780k
Owner & transaction history
ANGIOLINA DIPRENZIO
ANGIOLINA DIPRENZIO
Zoning & alternative use
GC · Eagleville, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $1.3M +31.2%
Apartment house (5+ units) $1.2M +20.1%
Restaurant $1.1M +16.8%
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