414 Commerce Dr, Fort Washington, PA 19034-2618
- Office buildings
- 40,922 SF
- 4.08 lot acres
Current Use by Public Records
- IT Solutions / Tech Support Center / IT Consulting Firm
- Advanced Rx Compounding Pharmacy / Pharmacy
- Berman David L MD / Physician
- Matthew Lorei / Physician
- Joseph Thoder / Physician
Property Details for 414 Commerce Dr
- Year built
- 1971
- Lot size
- 4.08 lot acres
- Zone code
- LIM
- Property type
- Office buildings
- APN
- 54-00-04420-00-8
- APU
- 540004420008
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jul 9, 2024 | — | 414 Commerce Realty LLC | — | Deed · related | $2.6M · Peter Mccausland Etux |
| Jun 10, 2019 | $2,100,000 | 414 Commerce Realty LLC | Lsop 3c II LLC | Grant Deed | $2.1M · Peter & Bonnie F Mccausland |
| Jun 19, 2018 | — | Lsop 3 Pa 5 LLC | — | Grant Deed · related | $270M · Deutsche Bk Ag |
| Feb 7, 2014 | $2,100,000 | Lsop 3c II LLC | Liberty Property LP | Grant Deed | $460.2M · German Am Cap |
| Jan 26, 2005 | $3,800,000 | Liberty Property | Comdrive Associates | Grant Deed · related | — |
Description
This exceptional Fort Washington office building offers immediate occupancy in two available suites: a 2,500 sq ft space on the first floor with direct lobby access, and a 5,000 sq ft space on the second floor served by an elevator. Both are highly adaptable and can be reconfigured with tenant improvement allowances. The 36,718 sq ft building, situated on 4.08 acres, underwent a complete renovation in 2022, boasting a refreshed lobby, new elevator, roof, and HVAC systems. The property features 134 parking spaces and is conveniently located near major roadways including Route 309, 611, 152, and the Pennsylvania Turnpike. The building's prime location offers easy access to numerous amenities, including fine restaurants, Life Time Fitness, Wawa, and TruMark Financial Credit Union. The property is a single, two-story building constructed in 1971, offering multiple tenancy options with a minimum divisible space of 2,500 sq ft and a maximum contiguous space of 5,000 sq ft. Currently, 7,500 sq ft is vacant. The building is equipped with 3-phase power. Property taxes are $3.14 per square foot. This is a rare opportunity to secure high-quality office space in a desirable location with convenient access to major transportation routes and a wealth of nearby amenities. The space is ready for immediate occupancy.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $5,969,000
- AI Estimate
- $4,681,000
Market price range: $3.87M - $10.3MMarket price range: $1.90M - $8.66M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $6,695,000 Current use
- MEDICAL BUILDING
- $6,450,000 Change: -4% Conversion: Easy
- RESTAURANT
- $5,745,000 Change: -14% Conversion: Moderate
- APARTMENT HOUSE (5+ UNITS)
- $5,690,000 Change: -15% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Fort Washington
- County
- Montgomery
- State
- Pennsylvania
- Longitude
- -75.1959
- Latitude
- 40.1392
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
