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Property profile & analytics
OFF-MARKET
Investment properties

599 Smt St King Of Prussia, PA 19406-2721

2,280 SF 0.12 ac lot Built 1900
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US73-1289535
Property summary
AI-generated overview

This exceptional mixed-use property, located at 599 Summit Street in King of Prussia, Pennsylvania, presents a unique investment opportunity. The 2,280 square foot, two-story building, constructed in 1900, sits on a 5,515 square foot lot and is zoned VC. Currently vacant since May 1, 2023, this property offers a turnkey restaurant space with all furniture, fixtures, and equipment included. The building features a full walk-out basement, gas radiant heat, and separate meters for the first and second floors. The second floor comprises a residential apartment, adding to the property's versatility. Exterior features include a one-vehicle carport and a shed. The property's corner location provides excellent visibility and accessibility. Annual property taxes are $2,471. The asking price is $330,000, translating to $144.74 per square foot. This is an owner/user investment opportunity in a desirable King of Prussia location, offering immediate potential for a new business or continued operation of a restaurant. The property consists of two units within a single building.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1900
Total area 2,280 SF
Lot 0.12 ac (5,155 SF)
Zoning code C1
APN 58-00-18379-00-4
UPID US73-1289535
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Christian Real Estate LLC · 1 yrs held
Christian Real Estate LLC
since 2024
Last sale
$300,000
2 recorded transactions
2024
$300,000
1997
$100,000
Zoning & alternative use
C1 · King Of Prussia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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