705 Montgomery Ave Penn Valley, PA 19072-2046
- Investment properties
- 5,916 SF
- 0.05 lot acres
Current Use by Public Records
- Barbara Ellick Designs / (Bike/Boat/Book/etc) Store
- Pharma Solutions USA, Inc. / Factory / Production Facility
- Evergreen Cleaners / (Bike/Boat/Book/etc) Store
- Gloss PR / Marketing & Advertising / Advertising Agency
- Black Dog Pilates / Gym & Fitness Center
Property Details for 705 Montgomery Ave
- Year built
- 1960
- Lot size
- 0.05 lot acres
- Property size
- 5,916 SF
- Zone code
- C1
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 40-00-39560-00-9
- APU
- 400039560009
Description
This exceptional office space at 705 Montgomery Avenue in Penn Valley, PA, offers a unique opportunity for businesses seeking a well-maintained and conveniently located office in the Narberth submarket. The property, a two-story, 5,000 square foot building, underwent renovations in 2021, blending classic charm with modern functionality. The building is classified as Class B and boasts a traditional office layout, perfect for a variety of professional uses. Multiple suites are available, with a minimum leasable space of 800 square feet and a maximum contiguous space of 1,900 square feet. Currently, there is no vacant space, indicating high demand. The building features on-site parking, a significant advantage in this area. While there are no elevators, the building's two stories are easily accessible. The property is zoned for commercial use and is situated near the intersection of Montgomery Avenue and Maplewood, offering excellent visibility and accessibility. Built in 1950, the building's recent renovations ensure modern amenities while retaining its character. The second-floor office spaces feature operable windows, providing ample natural light and ventilation. This is a walk-up building, adding to its unique appeal. The property's location in the desirable Narberth submarket of Penn Valley, PA, 19072, provides easy access to local amenities and transportation.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,020,000
- 6.5%
- $940,000
- 7%
- $875,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $639,000
Market price range: $352k - $950k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,340,000 Current use
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Location Insight
- Map
- Local Demand
- City
- Penn Valley
- County
- Montgomery
- State
- Pennsylvania
- Longitude
- -75.2555
- Latitude
- 40.01
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA