• Units
• Unknown Sq Ft
• 40,456 Sq Ft
• Unknown Cap Rate

Description

Opportunity to relocate your business and own this well known, high profile corner in Audubon, Lower Providence. Check out the changes on this first floor commercial space now with a 2 story main floor renovation happening and the additional rear area completely opened up and ready to finish. 15 foot ceilings on the first floor, great room! There is also an outside rear fenced paver patio area and a newly redone basement for full use. Consider the uses for this 1st floor commercial space and 4 high end upscale residential apartments on the 2nd and 3rd floors. The income possibilities are here to own and have your business on the 1st floor, perhaps with two separate retail spaces. Then, collect the rent for these 1 and 2 bedroom renovated upper level floors with decks and private entrances. There is one large bilevel 2 bedroom, 2 bath unit with a roof deck, two, 1 bedroom, 1 bath units with balconies and a large one unit studio with a roof deck and cathedral ceilings. Brand new stainless steel appliances, bathrooms, vinyl plank flooring, lighting and all have their own separate meters and utilities. 2 UNITS ARE NOW RENTED, fabulous income, $1600-$2200 per month! Business considerations would accommodate with full approval, Day Care, Professional, Medical, Restaurant/Bar (need liquor license), Food and Beverage, Drive thru Coffee Stand, Hair Salon and Spa, Mixed office space and Apartment rentals. A possible retail drive in capability here with access from 2 major roads. Parking for over 40+ vehicles, on a 40,456 foot lot and is zoned Village Commercial. The first floor offers an estimate of over 3000+ sq ft of a total building space of 6600. This property is ready for final development, offering multiple choices for use and opportunity. The income possibilities are here to own and have your business on the 1st floor, perhaps with two separate retail spaces, rent the 2nd floor apartments, or lease the whole building. This has an excellent location at the corner of Park Ave. and Egypt Road, with quick access to 422 to the east and west, and minutes to 202 north and south, along with the Pennsylvania turnpike. Traffic count is estimated at over 20,000 vehicles per day. The actual location is in Audubon, Lower Providence in Montgomery county and is serviced by public water and sewer. The other corners are occupied by CVS Pharmacy, Village shopping center, a Historic stone building with an attorneys office. Across the street Redners food market and Audubon shopping center with liquor store, beer store, UPS, nail salons, upscale coffee shop, Dollar Tree and many other shops. It is also just minutes from Oaks shopping center with Lowes, Target, BJ’s Wholesale, and several other stores and hotels. Call for your own private tour and let the excitement of your new adventure begin. Location means everything, check out the close proximity to 422, 202, 76 and 476. The Commercial space on the first floor has roughly 3000 sqft of space also for Rent at $3800 per month, for a first year special. Potential commercial space income of $5000+ per month and then the 4 residential units also for rent from $1600 per month, 2 now rented!