Lafayette Hill, PA 19444,450 GERMANTOWN PIKE
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Lafayette Hill, PA 19444,450 GERMANTOWN PIKE
Lafayette Hill, PA 19444,450 GERMANTOWN PIKE
Lafayette Hill, PA 19444,450 GERMANTOWN PIKE
Lafayette Hill, PA 19444,450 GERMANTOWN PIKE

$557,000

Est. payment /mo

$699,900

20.4%
Est.Price: ?

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450 GERMANTOWN PIKE Lafayette Hill, PA 19444

0.26 Acres Lot

SOLD DATE : 10/11/2016

Key Details

Sold Price $557,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Subdivision Lafayette Hill

MLS Listing ID 1002395772

Sold Date 10/11/16

HOA Y/N N

Originating Board TREND

Year Built 1812

Annual Tax Amount $6,374

Tax Year 2016

Lot Size 0.258 Acres

Acres 0.26

Lot Dimensions 45

Property Description

Excellent investment opportunity! This 4 unit mixed use village commercial property is a combination of retail and office space ideally located in Lafayette Hill. The property consists of a 725 sq ft stand alone retail space with excellent exposure on Germantown Pike, 1,447 sq ft 1st floor office space, 838 sq ft 2nd floor office space and 3rd floor 2 bedroom apartment. This is a perfect investment for an owner who wishes to occupy a portion of the building and derive income from the remaining space. Pro forma capitalization rate is 8.5% for a pure investment play. Recent improvements to the interior exceeds $50,000 and the space is now ready for occupancy. The daily traffic count on Germantown Pike of 10,000-20,000 cars per day will provide excellent exposure for your business and Tenants. Box sign on roof. The property has plenty of on site parking in rear. It is located next to the Lafayette Hill Post Office and is less than 2 miles from the PA Turnpike for easy commuting. Close to shopping, Chestnut Hill and Philadelphia.,Lafayette Hill is a quaint community in Whitemarsh Township, Montgomery County in the Commonwealth of Pennsylvania. Lafayette Hill is located just west of Philadelphia's Chestnut Hill neighborhood, and south of Plymouth Meeting. Lafayette Hill draws its name from the French General Marquis de Lafayette, who stayed there during the American Revolution. Lafayette Hill is an affluent area with many parks and nature reserves. Additionally, it is a commuter town, as many individuals travel to Philadelphia for work every day. Its main transit system is SEPTA.

Location

State PA

County Montgomery

Area Whitemarsh Twp (10665)

Zoning VC1

Direction Northeast

Rooms

Other Rooms Primary Bedroom

Interior

Hot Water Electric

Flooring Tile/Brick, Carpet, Vinyl

Fireplace N

Exterior

Water Access N

Roof Type Pitched,Shingle

Street Surface US Highway/Interstate

Accessibility Mobility Improvements

Road Frontage State

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Colonial

Others

Tax ID 65-00-04645-006

Ownership Fee Simple

Acceptable Financing Conventional, Lease Purchase

Listing Terms Conventional, Lease Purchase

Financing Conventional,Lease Purchase

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Bright MLS (BMLS)
Listed by Michael S Choplin • RE/MAX Services
Bought with Michael S Choplin • RE/MAX Services

Jan Crowley

License ID: 660313

+1(443) 538-4326

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