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    OFF-MARKET
    Banks

    601 Morgan Ave, Drexel Hill, PA 19026-3121

    2,224 SF 0.14 ac lot Built 1975
    Entity Owned 3-yr Hold Absentee Owner Free & Clear
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Popular Realty Holdings LLC · 3 yrs held
    Popular Realty Holdings LLC
    since 2022
    Last sale
    $250,000
    3 recorded transactions
    2022
    $250,000
    2015
    $145,000
    1997
    $75,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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