2792 Egypt Rd - Medical FOR SALE


Audubon, PA 19403
$999,900 USD
610-291-3056
2792 Egypt Rd, Audubon, PA for Sale
$999,900 USD
Medical - FOR SALE
1/29
null | 8.85% Cap Rate

NEW


2792 Egypt Rd
Audubon, PA 19403


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$999,900 USD

PRICE/SF

$166 USD /SF

CAP RATE

8.85%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

VC

APN/PARCEL ID

43-00-03496-007

ASK ABOUT THIS PROPERTY

Michael ChoplinRE/MAXMore Info
610-291-3056

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Michael ChoplinRE/MAXMore Info
610-291-3056

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.