50 Macdade Blvd Glenolden, PA 19036
- Auto shops
- 1,272 SF
- 0.34 lot acres
Current Use by Public Records
- Auto shops
Property Details for 50 Macdade Blvd
- Year built
- 1950
- Lot size
- 0.34 lot acres
- Property size
- 1,272 SF
- Property type
- Auto shops
- APN
- 21-00-01374-00
- APU
- 21000137400
Description
This exceptional 1,272 square foot property at 50 S Macdade Boulevard in Glenolden, Pennsylvania presents a unique investment opportunity. Currently configured as an auto shop, this corner lot boasts high visibility and accessibility in a bustling commercial district, ensuring maximum exposure for any business. The significant advantage of this property lies in the pre-approved township plans for conversion into a dynamic three-unit commercial plaza. This eliminates lengthy permitting processes and allows for immediate development, capitalizing on the growing demand for commercial space in the area. The property's location guarantees high traffic volume, attracting a diverse clientele. The approved plans provide a clear roadmap for development, minimizing risk and maximizing return on investment. This is an ideal opportunity for both seasoned investors seeking to expand their portfolio and entrepreneurs looking to establish a thriving business in a prime location. The solid foundation of the existing structure, combined with the approved plans, offers a streamlined path to creating a profitable commercial venture. Don't miss this chance to acquire a property with significant upside potential in a highly desirable area of Glenolden.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $305,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $370,000
- 6.5%
- $405,000
- 7%
- $440,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $425,000
- Geo Method
- $425,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $485,000
- Retail
- $470,000
- Mixed-Use
- $410,000
- Hospitality
- $495,000
- Educational
- $460,000
- Residential Income
- $465,000
- Energy
- $460,000
- Income-Based Land
- $395,000
- Food Service
- $420,000
Location Insight
- Map
- Local Demand
- City
- Glenolden
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.2942
- Latitude
- 39.9044
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA