Technical
Financial
Distress signals
Property profile

406 Rdg Pike Conshohocken, PA 19428

OFF-MARKET
Strip malls
Property ID
US73-3046920
16,124 SF 0.72 ac lot Built 1973
Entity Owned 19-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1973
Total area 16,124 SF
Lot 0.72 ac (31,500 SF)
Zoning code C
APN 49-00-10048-00-1
UPID US73-3046920

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gym & Fitness Center
  • Insurance Agency
  • Hair Salon Nail Salon
  • (Bike/Boat/Book/etc) Store Corporate Office
  • Gym & Fitness Center

Location

406 Rdg Pike Conshohocken, PA 19428-1298
Conshohocken metro Census 204007 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$840k
Blend (final) Blend
$535k

Owner & transaction history

since 2006
3 recorded transactions
2006
Price N/A
2002
$2.2M
1969
Price N/A

Zoning & alternative use

C · Conshohocken, PA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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