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824 N Lansdowne Ave Drexel Hill, PA 19026

Banks Google Maps
3,080 SF 0.31 ac lot Built 1961
Entity Owned 26-yr Hold Absentee Owner Free & Clear
Estimated value (blended)
$345k
Range $311k – $380k (±10%)
Property ID US73-4099232

Property summary

AI-generated overview

This exceptional 2,931 square foot former bank building presents a unique investment opportunity in the heart of Drexel Hill, Pennsylvania. Situated on a 0.32-acre lot at 824 N Lansdowne Ave, 19026, this single-story, 1961-constructed building boasts a highly desirable C2 zoning classification. Its convenient location offers excellent accessibility from both Lansdowne Avenue and State Road, ensuring high visibility and convenient access for customers. A key advantage is the inclusion of a drive-thru, a rare feature for properties in this area, adding significant potential for various commercial uses. The property also benefits from a prominent pylon sign on Lansdowne Avenue, enhancing its marketing and branding opportunities. Across the street lies the Bond Shopping Center, anchored by established businesses such as Acme, Dollar Tree, and Petco, creating a synergistic retail environment and attracting substantial foot traffic. This free-standing building offers a versatile space ideal for a variety of retail or commercial ventures, capitalizing on its prime location and unique features. The property's history as a bank ensures a solid foundation and established infrastructure. This is a rare opportunity to acquire a well-positioned, versatile commercial property in a thriving Delaware County community.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1961
Total area 3,080 SF
Lot 0.31 ac (13,634 SF)
APN 16-08-01890-02
UPID US73-4099232

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$370k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$345k

Owner & transaction history

since 1999
1 recorded transaction
1999
$382,657

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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