841 12th W Lancaster Ave, Bryn Mawr, PA 19010-3337
- Investment properties
- 3,772 SF
- 0.05 lot acres
Current Use by Public Records
- Hufford Opticians / Ophthalmologist / (Bike/Boat/Book/etc) Store
- K T & Co / (Bike/Boat/Book/etc) Store
Property Details for 841 12th W Lancaster Ave
- Year built
- 1940
- Lot size
- 0.05 lot acres
- Zone code
- C2
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 40-00-30540-00-2
- APU
- 400030540002
Description
This exceptional Bryn Mawr investment property presents a rare opportunity to acquire a fee-simple, multi-unit retail building at 841 1/2 W. Lancaster Avenue, in Montgomery County, Pennsylvania. The property, built in 1960 and renovated in 1996, boasts a total of 5,200 square feet across two stories, situated within the BMV-4 permitted zoning district. The ground floor comprises approximately 1,820 square feet of prime retail storefront space, currently vacant, offering significant potential for a variety of businesses. A substantial basement provides ample storage. The second floor features a three-bedroom, one-bathroom apartment, currently licensed as a student apartment within Lower Merion Township, generating consistent rental income. This dual-income stream presents a compelling investment proposition. The building consists of one structure with two units, offering flexibility and potential for future development or expansion. On-site parking is conveniently located at the rear of the building. The asking price for this Class B property is $865,000. This is a turnkey opportunity to own a well-located, income-producing retail property in a thriving Pennsylvania community. The property's location on Lancaster Avenue ensures high visibility and accessibility. Don't miss this chance to secure a valuable asset in a desirable market.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $845,000
- ML approach
- $845,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $650,000
- 6.5%
- $600,000
- 7%
- $560,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $588,000
Market price range: $552k - $835k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $660,000 Current use
- AUTO REPAIR, GARAGE
- $1,115,000 Change: +69% Conversion: Difficult
- RETAIL STORES
- $1,015,000 Change: +54% Conversion: Easy
- OFFICE BUILDING
- $615,000 Change: -7% Conversion: Easy
- MEDICAL BUILDING
- $595,000 Change: -10% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Bryn Mawr
- County
- Montgomery
- State
- Pennsylvania
- Longitude
- -75.3194
- Latitude
- 40.0223
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
