350 MONTGOMERY AVENUE Overview
- Time on Site:
- 65 days
- Visits:
- 6
This commercial property, constructed in 1947, presents a unique investment opportunity for discerning investors seeking to capitalize on a below-average condition asset with significant potential for value enhancement. Situated on a compact 0.06-acre lot, this property is strategically located within a vibrant area, offering convenient access to essential transportation links, including an airport less than 10 miles away and a metro/subway station within 1 to 3 miles. Such accessibility is a key factor in attracting tenants and ensuring high occupancy rates. The building features durable cement siding and hardwood flooring, providing a solid foundation for renovation and modernization efforts. While the property is currently in below-average condition, this presents a prime opportunity for investors to implement strategic improvements that can significantly increase its market value and rental income potential. The existing structure allows for a variety of commercial uses, making it adaptable to changing market demands. Investors will benefit from the absence of association fees, allowing for greater flexibility in managing operational costs. The property is equipped with essential utilities, with the owner responsible for all utilities, personal property taxes, real estate taxes, and trash collection services. This straightforward expense structure simplifies financial forecasting and enhances the property's appeal to potential tenants. The surrounding area boasts a mix of commercial and residential developments, ensuring a steady flow of potential clientele. The proximity to major transportation hubs further enhances the property's attractiveness, making it an ideal location for businesses seeking visibility and accessibility. With the right vision and investment in renovations, this property has the potential to yield substantial returns. Investors can leverage the current market dynamics to reposition the asset, attract quality tenants, and achieve a favorable cash flow. The combination of location, accessibility, and the opportunity for value-add improvements makes this property a compelling addition to any investment portfolio. Seize this opportunity to invest in a property with untapped potential and position yourself for future growth in a thriving market.
350 MONTGOMERY AVENUE Facts & Features
- Type Commercial
- Sq. ft. 1,900
- Price/Sq.ft. $316
- Lot 0.06 Acres
Details
General
Income/Expenses
- Gross Income: 500000.00
- Income Includes: Professional Offices
- Operating Expense Includes: Electric,Heating/Cooling,Insurance,Landscaping,Snow Removal,Trash,Water,Sewer
Listing Information
- Real Estate Owned: No
- Short Sale: No
Building Information
- New Construction: No
- Year Built: 1947
Business Information
- Business Type: Professional
Location/Region
- Country: US
- County: MONTGOMERY
- County Or Parish: MONTGOMERY
- MLS Area Major: Lower Merion Twp (10640)
Parking Information
- Total Parking Spaces: 2
- Type of Parking: Parking Lot
Rent/Lease Information
- Lease Considered: Yes
Tax Information
- County Tax: 1259.00
- County Tax Payment Frequency: Annually
- School Tax: 8135.00
- Tax Annual Amount: $10,620.00
- Tax Assessed Value: 230680.00
- Tax Year: 2026
General Information
- Exclusions: Tenant's business fixtures and belongings
- Property Condition: Below Average
- Property Sub Type: Office
- Property Type: Commercial Sale
- School District Name: LOWER MERION
- Special Listing Conditions: Standard
- Vacation Rental: No
- Year Assessed: 2026
- Zoning: COMMERCIAL
Unit Information
- Other Units: Unit 1,Unit 1,Unit 1,Unit 1,Unit 1
Interior
Building Information
- Cooling Fuel: Electric
- Heating Fuel: Natural Gas
- Total Drive In Doors: 0
- Total Restrooms: 3
Parking Information
- Garage: No
Building Interior
- Building Area Source: Estimated
- Building Area Total: 1900.00
- Central Air: Yes
- Hot Water: Electric
General Information
- Accessibility Features: None
- Basement: Yes
- Cooling: Central A/C
- Flooring: Hardwood
- Heating: None
- Other Equipment: None
- Stories Total: 2
Exterior
Building Information
- Total Loading Docks: 0
Lot Information
- Lot Size Source: Estimated
- Lot Size Square Feet: 2614.00
- Lot Size Units: Square Feet
- Water Source: Community
Waterfront/View
- Water Oriented: No
- Water View: No
- Waterfront: No
Building Exterior/Construction
- Construction Materials: Brick
General Information
- Number Of Units Total: 2
- Sewer: Public Sewer
- Water Access: No
350 MONTGOMERY AVENUE Neighborhood
Community
19066 (MERION STATION) Demographics
350 MONTGOMERY AVENUE Monthly Cost
350 MONTGOMERY AVENUE Market Data
Based on the last 30 days in this zip code
350 MONTGOMERY AVENUE History
| Date | Value | Agent |
|---|---|---|
| 4/25/2026Source: BRIGHT MLS | $600,000 -25.0% |
|
| 4/25/2026Source: BRIGHT MLS | April 25, 2026 |
|
| 12/19/2025Source: BRIGHT MLS | December 19, 2025 |
Contact Information: [email protected] - 2159045400