814 Montgomery AveNarberth, PA 19072

For Sale
$850,000

Prime Retail Space, High Visibility, On-Site Parking

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional retail property, located at 814 Montgomery Ave in Narberth, Pennsylvania, presents a compelling investment opportunity. The building, constructed in 1972 and renovated in 2015, offers 4,000 square feet of net rentable space across two stories. Currently vacant, this multi-tenant building is classified as Class B and features a desirable NNN lease type. The asking price is $850,000, translating to a price per square foot of $212.50 and an attractive 8.00% cap rate. The property boasts a prominent freestanding sign pylon, ensuring high visibility for tenants. Convenient on-site parking is also available. The building sits on a commercially zoned lot in Montgomery County, zip code 19072. With two units available, this property is ideal for owner-occupancy or investment purposes. The property's strategic location in Narberth, combined with its updated features and ample parking, makes it an attractive option for a variety of retail businesses. The building's single structure provides ease of management and maintenance. This is a rare opportunity to acquire a well-located, renovated retail building with significant upside potential.

Highlights

  • $850,000 asking price for a vacant, multi-tenant retail property.
  • 4,000 square feet of net rentable space in a Class B building.
  • Located at 814 Montgomery Ave, Narberth, PA 19072.
  • Features include onsite parking and a freestanding sign pylon.
  • 8% cap rate with a $212.50 price per square foot; NNN lease type.

Property Details for 814 Montgomery Ave

Property type
Other retail properties, Retail properties
Square Feet
4,000 SF
Class
B
Year Built/Renovated
1972/2015
Buildings
1
Stories
2
Units
2

Location Insight

City
Narberth
County
Montgomery
State
Pennsylvania
Latitude
40.010503101013
Longitude
-75.25784255124
814 Montgomery Ave, Narberth, Pennsylvania

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814 Montgomery Ave
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