406 Rdg Pike Conshohocken, PA 19428-1298
- Strip malls
- 16,124 SF
- 0.72 lot acres
Current Use by Public Records
- Tone Zone / Gym
- Kelly Burger: Allstate Insurance / Motorcycle Insurance Agency / Renter'S Insurance Agency
- Hair Designer / Beauty Salon
- Agile Mid Atlantic / Transportation Service / Software Company
- FitGolf Performance Centers / Gym / Physical Fitness Program
Property Details for 406 Rdg Pike
- Year built
- 1973
- Lot size
- 0.72 lot acres
- Property size
- 16,124 SF
- Zone code
- C
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 49-00-10048-00-1
- APU
- 490010048001
Description
This exceptional single-tenant office space at 406 West Ridge Pike, located in the thriving Conshohocken/Plymouth Meeting submarket of Montgomery County, offers 162 parking spaces and is situated within a bustling shopping center (SC zoning). The property boasts a highly visible in-line location alongside diverse retail tenants including Hertz, a chiropractor, food preparation service, nail salon, insurance agency, and a golf store, ensuring high foot traffic and convenient access for clients and employees. The space is fully built-out as a professional services office, in excellent condition, and features central air and heating, full carpeting, high ceilings, and ample natural light. The layout includes private and partitioned office spaces, ideal for a variety of business needs. Lease rates do not include utilities, property expenses, or building services. This property presents a unique opportunity to establish a presence in a vibrant and convenient location within the Philadelphia metropolitan area. The space is suitable for traditional office, medical office, or coworking uses. Abundant parking ensures easy access for staff and clients.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $535,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $675,000
- 6.5%
- $700,000
- 7%
- $670,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $725,000
- Geo Method
- $680,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $705,000
- Retail
- $755,000
- Mixed-Use
- $685,000
- Hospitality
- $790,000
- Educational
- $585,000
- Residential Income
- $775,000
- Energy
- $720,000
- Income-Based Land
- $675,000
- Food Service
- $725,000
Location Insight
- Map
- Local Demand
- City
- Conshohocken
- County
- Montgomery
- State
- Pennsylvania
- Longitude
- -75.2921
- Latitude
- 40.0954
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA