Multi-Family•Low-Rise/Garden•For Sale

Abington Mixed-Use Investment

1334 - 1360 Easton Road, Abington, Pennsylvania 19001

Sale Price $2,500,000
Sale Type Investment
Zoning MS-H
Bldg Type Multi-Tenant
Cap Rate 6.91%
Vacancy 90%
Annual Taxes $51,947.00
Gross Bldg 26,893 SqFt
Land Area 1.68 Acres
Project Size 21
Improvements Rectangular site comprised of six contiguous parcels. Various curb cuts at a fully signalized intersection allows several points of ingress/egress.
Market Philadelphia
Sub-Market Montgomery County
Unique & rare opportunity to purchase a high yielding mixed-use site comprised of retail and apartments across seven contiguous buildings on +/- 1.68 acres in Abington Township. With approximately 380 feet of frontage on Easton Road, the site is ideally positioned between Willow Grove Park Mall and the Roslyn train station. This attractive investment offers a purchaser the ability to acquire a well-maintained mixed-use site with incredible value-add potential. This 21-unit opportunity presents solid in-place cashflow with all tenants on short-term leases, allowing an investor the rare flexibility to employ a value-add program immediately. The site also benefits from incredibly favorable in-place zoning, allowing for a variety of uses and repositioning opportunities. Located in the Roslyn section of Abington Township, the site sits along Easton Road, less than 1/2 mile from the Roslyn train station and 1 mile to Willow Grove Park Mall.
  • Retail and Apartments
  • Located at a fully signalized intersection
  • Over 380 feet of frontage along Easton Road
  • Close proximity to Roslyn train station & Willow Grove Park Mall
  • Excellent in-place cashflow & high cap rate
  • Favorable zoning
  • Multiple value-add opportunities
  • Exceptional market
7/11/2019 12:11:52 PM 10/17/2019 1:18:06 PM
Antonio DiCianni
Commercial Brokerage | Investor | Engineer
Suburban City Group | KW Commercial

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