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Property profile & analytics
OFF-MARKET
Office Spaces

685 Kromer Ave Berwyn, PA 19312-1392

2,772 SF Built 1940
Entity Owned 12-yr Hold ~ Est. High Equity
Property ID
US73-1003993
Property summary
AI-generated overview

This freestanding office building at 685 Kromer Avenue in Berwyn, PA, offers a unique opportunity for businesses seeking a convenient and well-equipped workspace. Situated in downtown Berwyn, this property enjoys exceptional accessibility, being just minutes away from Lancaster Avenue and the Berwyn Train Station, providing easy commutes for employees. The building itself comprises 2,910 square feet spread across two floors, offering ample space for a variety of business needs. The layout includes five large, private offices, ideal for individual executives or teams, and a spacious conference room that can also serve as an additional office. The second floor features a large, open area, providing flexibility for configuring a workspace to suit specific requirements. This area could easily accommodate numerous desks and cubicles, a comfortable lounge, or a dedicated meeting area. Three half-bathrooms are conveniently located throughout the building (two on the first floor and one on the second). Utility and storage closets are also provided for efficient organization. The property sits on a 0.07-acre lot. Currently, the building is furnished with desks, chairs, and other office equipment, which is available for tenant use at no extra cost during the lease term, or can be removed as needed. This turnkey solution presents a compelling opportunity to establish a thriving business in a highly desirable location.

Property profile
Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 1940
Total area 2,772 SF
Zoning code R2
APN 4310G01130200
UPID US73-1003993
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
Current use
Occupant on record · Public records
  • Continuum Group Ltd Financial Advisor
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
61 Cassatt Ave Real Estate LLC · 12 yrs held
61 Cassatt Ave Real Estate LLC
since 2013
4 recorded transactions
2020
Price N/A
2013
$329,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
R2 · Berwyn, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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