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211 S Easton Rd 4,034 SF 100% Leased Retail Building Glenside, PA 19038 $1,662,288 CAD ($412.07 CAD/SF) 4.85% Cap Rate
Investment Highlights
- Arcadia University less than 0.5 mile away
- High-visibility asset on the main Easton Road corridor.
- Prime Glenside Mixed-Use
- across from Super Wawa , and next to Wells Fargo Bank, Citizens Bank ,State Farm and AllState insurance Agencies.
Executive Summary
211 S Easton Rd is a premier mixed-use investment located in the heart of Glenside, PA. The property consists of a robust first-floor commercial production Dry cleaning plant and three residential apartments above.
The Location: Glenside is a highly sought-after "commuter" suburb, perfectly positioned between Philadelphia and the northern suburbs. The property is a short walk to the Glenside SEPTA Station, making it an ideal location for young professionals and Arcadia University students. Easton Road serves as the primary commercial artery, ensuring high daily traffic counts and maximum visibility for the anchor tenant.
The Tenant Profile: The ground floor is occupied by a dry cleaning plant that has been a staple of the community for over 40 years. The current operator established the business and has maintained the facility throughout its history. This longevity provides an investor with an "Anchor" tenant that is deeply woven into the local economy.
This asset is priced at $1,200,000. This represents a trophy-level investment in a low-inventory market. The residential units offer immediate "mark-to-market" upside, especially given the proximity to the university. Neighborhood retail and national tenants within 0.5 Miles/walking distance.
Financial Summary:
The Location: Glenside is a highly sought-after "commuter" suburb, perfectly positioned between Philadelphia and the northern suburbs. The property is a short walk to the Glenside SEPTA Station, making it an ideal location for young professionals and Arcadia University students. Easton Road serves as the primary commercial artery, ensuring high daily traffic counts and maximum visibility for the anchor tenant.
The Tenant Profile: The ground floor is occupied by a dry cleaning plant that has been a staple of the community for over 40 years. The current operator established the business and has maintained the facility throughout its history. This longevity provides an investor with an "Anchor" tenant that is deeply woven into the local economy.
This asset is priced at $1,200,000. This represents a trophy-level investment in a low-inventory market. The residential units offer immediate "mark-to-market" upside, especially given the proximity to the university. Neighborhood retail and national tenants within 0.5 Miles/walking distance.
Financial Summary:
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,034 SF
Building Class
C
Year Built
1900
Price
$1,662,288 CAD
Price Per SF
$412.07 CAD
Cap Rate
4.85%
NOI
$80,621 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.61
Lot Size
0.15 AC
Zoning
C3 - C3 zoning is for large-scale commercial developments like shopping malls, big-box stores, and large office complexes.
Parking
6 Spaces (1.49 Spaces per 1,000 SF Leased)
Amenities
- Signage
Moderately walkable
70/100
Very drivable
80/100
Good public transit
60/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 31-00-08662-001 | Improvements Assessment | $104,004 CAD |
| Land Assessment | $104,627 CAD | Total Assessment | $208,631 CAD |
Property Taxes
Parcel Number
31-00-08662-001
Land Assessment
$104,627 CAD
Improvements Assessment
$104,004 CAD
Total Assessment
$208,631 CAD
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211 S Easton Rd
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