This property isn’t listed and is ripe for cash investors. The savvy investor will see tremendous potential as the property is currently 100% vacant but had numerous upgrades in the last 24 months.
The property is on Conestoga Rd in Bryn Mawr, Radnor Township, and is situated within Garrett Hill less than 1,000 feet from the Rosemont Business Campus. The Rosemont Business Campus is Class “A” office space centrally located with easy access to Bryn Mawr Hospital, Villanova University and Route 476. The Rosemont Business Campus is comprised of three newly renovated buildings and within a short drive of 6 colleges and a highly affluent populace.
A quick look at the previous published rental rates from Loopnet show at it could have a pretty strong Cap Rate with some creative leasing.
The property is a 3,164 SF building made up of 3 units. The units are a 1,064 SF apartment (2 bedrooms), a 500 SF front retail space, and a 1,600 SF side-entrance retail space and warehouse.
2 Bedroom Apartment – Apartment consists of a first-floor entry foyer, a second-floor kitchen, bathroom and living area plus a third floor with two bedrooms.
500 SF Storefront – This space is separate from the rear retail space and does not have a powder room. The space was previously used by a small business that was looking primarily for drive-by advertising through signage and as a place to meet clients.
1,436 SF Retail/Warehouse – This rear space is a retail/warehouse space. It currently has some deferred maintenance and the existing powder room in the suite would need to be updated to an ADA powder room. This space is separate from the front retail space