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Property profile & analytics
OFF-MARKET Estimated value $1,995,000
Commercial real estate

821 Bethlehem Pike North Wales, PA 19477

24,214 SF 1.77 ac lot Built 1920
Individually Owned 2-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US73-2038353
Property summary
AI-generated overview

This Spring House, PA shopping center presents a compelling value-add investment opportunity. Located at 821 N Bethlehem Pike, this 24,214 square foot property boasts three buildings, 11 tenants, and a 100% occupancy rate, generating a strong NOI of $265,550. Situated on a 1.77-acre lot with 32 parking spaces, the center benefits from a prominent 153-foot frontage on heavily trafficked N Bethlehem Pike. The property's Business District D zoning allows for continued operation and potential future development. The strong tenant base and high occupancy, combined with the favorable demographics of Lower Gwynedd Township, ensure a stable and potentially growing income stream. The Net Rentable Area is 21,485 square feet. This is a triple net (NNN) leased multi-tenant property. The property's location and strong performance make it an attractive investment for those seeking a stable, high-performing retail asset in a desirable Pennsylvania location. The property offers significant potential for long-term growth and value appreciation. This is a rare opportunity to acquire a well-established, fully occupied shopping center in a thriving community.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1920
Total area 24,214 SF
Lot 1.77 ac (77,101 SF)
Zoning code D
APN 39-00-00367-00-8
UPID US73-2038353
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
  • The Flower Shop (Bike/Boat/Book/etc) Store Florist
  • Style By Mi Boutique Clothing & Fashion Store
  • Always Safe Sidewalks Construction Company General Contractor
  • Central Jersey NARI Charitable Organization Social Service Agency
  • Mc Mahon Plastering & Stucco Renovation Specialist General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.17M
Blend (final) Blend
$2.00M
Owner & transaction history
William S Goldstein · 2 yrs held
William S Goldstein
since 2023
6 recorded transactions
2023
Price N/A
2022
Price N/A
2022
Price N/A
2002
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
D · North Wales, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center $3.2M +21.1%
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