1207 Butler PikeConshohocken, PA 19428

For Sale
$2,500,000

Multi-tenant office building, high visibility

Overview

Added:
Dec 11, 2024
Days on market:
95
This exceptional Conshohocken, PA office complex presents a compelling investment opportunity. Priced at $2,500,000, this property boasts a 7.00% cap rate and a strong net operating income (NOI) of $175,000. The property consists of two buildings totaling 8,500-8,800 square feet, situated on a 1.65-acre lot with ample parking for 42 vehicles. The main building, meticulously restored approximately five years ago, features a striking brick exterior and three bathrooms. The adjacent building offers approximately 3,450 square feet, including two ADA-compliant bathrooms and a kitchen. Currently housing two tenants with a lease expiration date of December 30, 2024, the property offers a modified lease type with rent bumps. The buildings are two stories each and were renovated in 1989, 2016, and 2018. Benefiting from a high-traffic location near the I-476 and I-76 Interchange and Route 23, the property enjoys exceptional visibility with over 37,000 vehicles passing daily. Zoned B residential, the property allows for diverse uses including retail, office, apartments, and mixed-use developments. This presents a unique opportunity for owner-users or investors seeking a high-return property in a prime location.

Highlights

  • $2,500,000 asking price with a 7.00% cap rate and $175,000 NOI.
  • Two-building office complex totaling 8,500-8,800 square feet on a 1.65-acre lot with 42 parking spaces.
  • Main building (approx. 5,350 sq ft) meticulously restored five years ago, featuring a brick exterior and three bathrooms; second building (approx. 3,450 sq ft) includes two ADA-compliant bathrooms and a kitchen.
  • Two tenants with leases expiring December 30, 2024, featuring rent bumps.
  • High-traffic location near I-476, I-76, and Route 23, with over 37,000 vehicles passing daily; B residential zoning allows for diverse uses.

Property Details for 1207 Butler Pike

Property type
Other office properties, Office properties
Square Feet
8,500 SF
Class
B
Buildings
2
Stories
2
Lot Size (sq. ft)
71,874 SF
Units
2

Location Insight

City
Conshohocken
County
Montgomery
State
Pennsylvania
Latitude
40.0833014
Longitude
-75.2966401
1207 Butler Pike, Conshohocken, Pennsylvania

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1207 Butler Pike
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