101 West AveJenkintown, PA 19046

For Sale
Call for price

84,210 SF Office Building, Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
92
This three-story, 84,210 square foot Class B office building in Jenkintown, PA, presents a compelling value-add investment opportunity. Built in 1990 and renovated in 2018 and 2024, the property boasts a prime location, just a three-minute walk from the Jenkintown SEPTA station, offering convenient access to Philadelphia's Center City and surrounding suburbs. Situated on a 3.35-acre lot, the building features a striking courtyard entry and atrium lobby, along with ample parking (3.4 spaces per 1,000 square feet), totaling 287 covered and open-air spaces. Currently 60% occupied by six tenants, primarily in finance, insurance, accounting, and healthcare, this property offers significant potential for increased net operating income (NOI) through lease-up of the vacant space. The building is a steel and concrete structure with concrete panels and a colorful metal mansard roof. Its zoning is Gateway Commercial. The fee-simple ownership offers a strong foundation for future growth and value appreciation. The property's prestigious Jenkintown address, proximity to the Old York Road shopping district, and desirable residential area further enhance its appeal. The substantial barriers to entry in this market add to the investment's long-term prospects. This offering is unpriced.

Highlights

  • Prestigious Jenkintown address.
  • Proximity to Old York Road shopping district.
  • Desirable residential area.
  • Adjacent to Jenkintown SEPTA station (3-minute walk).
  • 3.4 parking spaces per 1,000 square feet (287 total spaces).
  • Strong demographics.

Property Details for 101 West Ave

Property type
Other office properties, Office properties
Square Feet
84,210 SF
Class
B
Year Built
1990
Buildings
1
Stories
3
Lot Size (sq. ft)
145,926 SF

Location Insight

City
Jenkintown
County
Montgomery
State
Pennsylvania
Latitude
40.0954297
Longitude
-75.1376882
101 West Ave, Jenkintown, Pennsylvania

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101 West Ave
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