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613 W Cheltenham Ave 11,400 SF 100% Leased Office Building Elkins Park, PA 19027 $1,209,688 CAD ($106.11 CAD/SF)



EXECUTIVE SUMMARY
Commercial building for sale on 613 W Cheltenham Av in Melrose Park. This is a cleaned out building with approx 11, 500 sq ft on the two floors and with 1,166 sq ft in usable basement space. The property comes with a 6 parking spaces that will be located on 0 Coventry Rd next to it and it is a subject of the lot consolidation. The building is granted a variance for 6 units and a basement space for office or storage. This building has an enormous potential for a development, it has a prime location and it will have a very high cash flow once developed. The buyer has to do the due diligence with the township in respect to approved variance. All offer will be presented.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Office
Property Subtype
Office/Residential
Building Size
11,400 SF
Building Class
C
Year Built
1950
Price
$1,209,688 CAD
Price Per SF
$106.11 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
3,800 SF
Slab To Slab
9’
Building FAR
1.48
Lot Size
0.18 AC
Zoning
MU3, Cheltenham Twp
Parking
8 Spaces (0.7 Spaces per 1,000 SF Leased)
1 1
PROPERTY TAXES
| Parcel Number | 31-00-05488-007 | Improvements Assessment | $349,494 CAD |
| Land Assessment | $141,822 CAD | Total Assessment | $491,316 CAD |
PROPERTY TAXES
Parcel Number
31-00-05488-007
Land Assessment
$141,822 CAD
Improvements Assessment
$349,494 CAD
Total Assessment
$491,316 CAD
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613 W Cheltenham Ave
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