2792 Egypt Rd 6,031 SF 50% Leased Office Building Audubon, PA 19403 $1,356,864 CAD ($224.98 CAD/SF) 8.85% Cap Rate

Excellent opportunity to own a stand alone office/retail/apartment building with three occupied 2nd floor apartments in Lower Providence Township which is perfect for any medical, dental or professional use. The property features a 24 car private parking lot and 3,000 sq. ft. 1st floor office space with waiting room, reception desk, staff work area, multiple exam rooms/offices, break room/kitchen, private and public bathrooms with storage areas and basement. The 1st floor 1,300 sq. ft. contiguous office space can be included or separated & leased to accommodate your business. The 3,000 sq. ft. office space will be updated depending on your use including new carpet and painting throughout. A medical practice has existed at this location since 1977 and this would be a perfect opportunity to continue a similar practice and serve the needs of clients in Audubon, Oaks, Norristown, Collegeville, King of Prussia and beyond. Excellent exposure with 15,000-20,000 traffic count on Egypt Rd. The property is in Methacton School district close to major roads including RT 422, RT 363, PA Turnpike & the Schuylkill expressway. The property can be purchased or leased with a first right of refusal to purchase with acceptable 5 year lease and 5 year option to renew. Rent includes water, sewer, trash, common area maintenance, snow removal & lawn maintenance. Tenants pays gas/electric only. Full renovation (paint, flooring, minor renovations) at $20.00 per sq ft. Apartment rent income currently $3,900 per month.