350 Main St, Trappe, PA 19426
- Apartment buildings
- 6,300 SF
- 0.17 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 350 Main St
- Year built
- 1970
- Lot size
- 0.17 lot acres
- Zone code
- C
- Property type
- Apartment buildings
- APN
- 20-00-00161-00-8
- APU
- 200000161008
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jul 26, 2021 | $565,000 | Royersford Investments LLC | Michael Sabo | Deed | $808k · First Resource Bank |
| Aug 14, 2008 | — | Michael L Sabo | Sabo,michael L & Julia M | Quit Claim Deed · related | — |
| Feb 3, 2005 | — | Michael L Sabo | Owner,record | Grant Deed · related | — |
| — | — | Michael L Sabo | — | Deed Of Trust · related | $50k · Sager & Sager Pension Plan |
| — | — | Michael L Sabo | — | Deed Of Trust · related | $124k · National Penn Bank |
Description
This exceptional free-standing, two-story commercial building, situated on a 0.76-acre lot at 350 W Main Street in Trappe, Pennsylvania, presents a unique investment opportunity. Built in 2005, this corner property boasts 8,442 square feet of space, with 2,814 square feet on each of the two floors, plus a full basement. The building features high visibility from its Main Street location, offering excellent exposure to a high volume of traffic. Ample parking is available with a 30+ car lot. The property is zoned VC (Village Commercial), allowing for a wide range of office and professional uses. The lower level suite, measuring 2,814 square feet, is currently leased at $13.00 per square foot, generating $3,048.00 in monthly rent (plus utilities). The building includes convenient amenities such as ADA-compliant features, restrooms, and kitchenettes on each floor. Annual property taxes are $15,222. Its prime location offers easy access to local stores and restaurants. This is an ideal opportunity to acquire a well-maintained, high-traffic commercial property in a thriving community. The asking price is $1,200,000.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $730,000
- ML approach
- $720,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $935,000
Market price range: $501k - $1.21M -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $875,000 Current use
- OFFICE BUILDING
- $1,030,000 Change: +18% Conversion: Moderate
- MEDICAL BUILDING
- $995,000 Change: +13% Conversion: Moderate
- RESTAURANT
- $885,000 Change: +1% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $820,000 Change: -6% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $705,000 Change: -20% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Schwenksville
- County
- Montgomery
- State
- Pennsylvania
- Longitude
- -75.4635
- Latitude
- 40.2554
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
