8699 West Chester Pike, Upper Darby, Pennsylvania 19082
Listing IDPADE2009410
Sold For$2,172,023
StatusCLOSED
SqFt
23,547
Acres
1.400
CountyDelaware
Year Built1953
Property TypeCommercial Sale
Property Sub TypeMixed Use
(LARGE STREET FRONTAGE )1.40 Acres / 60,600 /Sqft SELLER - LEASEBACK Income-producing assemblage of parcel Taxes are combined for the whole parcel FULLY LEASED (7.0) Cap Rate) Multiple Mixed-Use of over 18 K Sq Ft. Excellent opportunity for an income-producing investment/1031 Exchange! Highly visible property consisting of Five(5) Buildings of Multiple Mixed-Use: Office/Retail/Medical/Dental/Storage/Warehouse plus 1 Apartment Unit, 5 Garage, and approximately 60 Private Parking Spots directly off West Chester Pike/Rt 3, and all currently leased. Two ingress/egress from West Chester Pike/Rt 3. Total Rental Yearly Income $252,722 / $21,060/MONTHLY; NOI, $169,439/ANNUALLY. Over 18,100k Sq Ft of total rentable square footage. Unit sizes vary from 700 Sq Ft to 3,381 Sq Feet. Tall Pole Signage is available. The property has been very well maintained. Conveniently located for quick access to Rt 3, 476, I-95, Center City, Philadelphia; with close proximity to many other retail shops, banks, restaurants, and Public Transportation. TAX IDs16-08-02796-00 and 16-08-02767-03. Buyer to confirm information, including square footage, acreage, and cap rate. Documents available: Parcel Maps, County Property Records, Rental Roll Details, and Net Operating Income.
County
Delaware
Price/SqFt
110.42
Property Sub Type
Mixed Use
Property Type
Commercial Sale
Year Built
1953
Zoning
C-60
Building Total SqFt Source
Estimated
Central Air
yes
Cooling Type
Central A/C
Heating
yes
Heating Type
Other
Car Parking Spaces
60
Construction Materials
Stone, Rock, Masonry, Concrete, Cast Iron Plumbing, Copper Plumbing, Masonite
Cooling Fuel
Electric
Drive In Door Height
8' to 12'
Fencing
Y
Heating Fuel
Natural Gas
Hot Water
Natural Gas
Lot Size Source
Estimated
Lot Size Units
Square Feet
New Construction
no
Parking Features
Handicap Parking, Paved Parking, Private
Road Surface Type
Black Top
Roof
Architectural Shingle
Sewer Septic
Public Sewer
Tidal Water
no
Total Drive In Doors
6
Total Garage and Parking Spaces
61
Total Loading Docks
1
Truck/Trailer Parking Spaces
1
Type of Parking
Parking Lot
Utilities
Above Ground, Phone Available, Natural Gas Available, Electric Available, Phone Connected, Sewer Available, Water Available
Water Access
no
Water Oriented
no
Water Source
Public
Water View
no
Country
US
Location Type
Business District
MLS Area
Upper Darby Twp (10416)
Municipality
UPPER DARBY TWP
Transportation
Bus Stop less than 1 mile, Commuter Rail Station 1 to 5 miles, Airport less than 10 miles
Waterfront
no
Zoning Description
CLASS : C
Accessibility Features
Other
Base Off Market Date
2023-02-24T00:00:00+00:00
Builder Name
Mc Investments
Building Classification
Class C
Building Permits
On Hand
Business Type
Institutional, Manufacturing, Warehouse, Medical, Storage, Day Care Facility, Garden Center, Hair Salon and Spa, Other/General Retail
Days on Market
293
Historic
no
Land Use Code
Commercial
Municipal Trash
no
Potential Tenancy
Multiple
Property Condition
Excellent
Property Manager
N
Property Use
Investment
Total Levelers
2
Year Assessed
2022
Year Built Source
Estimated
Acceptable Financing
Cash, Conventional
Association Recreation Fee
N
Automatically Update Tax Values
yes
Buyer Financing
Conventional
Cap Rate
6.52
Exclusions
Lessee's possessions
Gross Income
245141
Ground Rent Exists
no
Income Includes
Shop Rentals, Professional Offices, Apartment Rentals, Other
Net Operating Income
169439
Net SqFt
23547
Operating Expense Includes
Snow Removal, Trash, Water, Heating/Cooling, Insurance, Landscaping, Parking, Sewer
Ownership Interest
Fee Simple
Possession
Negotiable
Riparian Rights
no
Sale Type
Standard
Tax Annual Amount
53702
Tax Assessed Value
218840
Tax Data Updated
no
Tax Lot
003-001
Tax Opportunity Zone
N
Tax Year
2022
Total Actual Rent
252722
Vacation Rental
no
Listing courtesy of Coldwell Banker Realty (610) 363-6006
© 2024 Bright MLS. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Listing courtesy of Coldwell Banker Realty. Data last updated on Thursday, April 18th, 2024 09:06:19 AM.
Contact - Listing ID PADE2009410
Brett Furman
528 East Lancaster Avenue
St. Davids, PA 19087
Phone: 610-687-6060
Phone Alt: 610-687-6060
Data services provided by IDX Broker
