618 Shoemaker Rd King of Prussia, PA 19406
- Investment properties
- 6,511 SF
- 1.03 lot acres
Current Use by Public Records
- Arader Fine Art Framing / Picture Frame Shop
- Triester Jeffrey / Insurance Agency
Property Details for 618 Shoemaker Rd
- Year built
- 1800
- Lot size
- 1.03 lot acres
- Property size
- 6,511 SF
- Zone code
- C0
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 58-00-17068-00-1
- APU
- 580017068001
Description
This exceptional commercial property, located at 618 Shoemaker Road in King of Prussia, Pennsylvania, presents a lucrative investment opportunity. The two-story office building sits on a generous 1.3-acre lot, zoned for commercial office use. The building boasts nine individual offices, providing ample space for a variety of business needs. With 21 parking spaces available, employee and client parking is readily accommodated. The property's address is 618 Shoemaker Rd, King of Prussia, PA 19406, situated within Montgomery County. Its convenient location in King of Prussia offers excellent accessibility and visibility. The asking price for this well-maintained office building is $3,500,000. This represents a significant opportunity to acquire a substantial and well-positioned commercial property in a thriving business community. The property's size and features make it suitable for a range of businesses seeking a prominent presence in the King of Prussia market. The ample parking and convenient location are key advantages for attracting and retaining employees and clients. This is a turnkey solution for businesses seeking immediate occupancy and operational efficiency. The property's traditional office design offers a classic and professional aesthetic. Serious inquiries are encouraged to explore this compelling investment opportunity further.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $640,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $650,000
- 6.5%
- $705,000
- 7%
- $675,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $560,000
- Geo Method
- $595,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $600,000
- Retail
- $685,000
- Mixed-Use
- $630,000
- Hospitality
- $660,000
- Educational
- $625,000
- Residential Income
- $630,000
- Energy
- $670,000
- Income-Based Land
- $720,000
- Food Service
- $690,000
Location Insight
- Map
- Local Demand
- City
- King Of Prussia
- County
- Montgomery
- State
- Pennsylvania
- Longitude
- -75.3582
- Latitude
- 40.0771
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
