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601 Morgan Ave Drexel Hill, PA 19026-3121

OFF-MARKET Banks Google Maps
2,224 SF 0.14 ac lot Built 1975
Entity Owned 3-yr Hold Absentee Owner Free & Clear
Estimated value (blended)
$245k
Range $221k – $270k (±10%)
Property ID US73-5654556

Property summary

AI-generated overview

This exceptional 1,725 square foot commercial property at 601 Morgan Avenue in Drexel Hill, Pennsylvania, presents a rare leasing opportunity. Situated in a high-traffic area with excellent pedestrian and vehicular access, this single-tenant building boasts a highly desirable drive-thru window, perfect for a variety of businesses. Its convenient location directly adjacent to SEPTA's Aronimink Station ensures easy accessibility for commuters and customers. The property benefits from recent upgrades, including a new HVAC unit, a new 200-amp electrical service, and a new roof, minimizing maintenance concerns for the tenant. Seven parking spaces are available in the rear lot. Previously used as a bank, the interior is currently framed out, offering significant flexibility for customization to meet specific business needs. The property's versatility makes it suitable for a range of uses, including traditional office, coworking space, creative office, or even medical office space, given its adaptable layout and convenient amenities. While the square footage is an estimate, this property represents a significant opportunity for businesses seeking a well-maintained, conveniently located space in a thriving Delaware County community. The zip code is 19026.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1975
Total area 2,224 SF
Lot 0.14 ac (6,229 SF)
APN 16-10-01259-00
UPID US73-5654556

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$240k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

since 2022
Last sale
$250,000
3 recorded transactions
2022
$250,000
2015
$145,000
1997
$75,000

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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