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7850 Montgomery

ELKINS PARK, PA 19027
  • $450,000
  • STATUS: Active
  • ON SITE: 25 Days
  • ID#: PAMC2046288
$450,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1920
County:

School Ratings & Info

School District:

Description

Here's an excellent opportunity to purchase a two-unit mixed-use commercial property so you can use one portion for your business while earning rental income from the other. This well-maintained property consists of a 3-story, approx. 2100 square foot building with unfinished basement currently configured as a beauty salon; and an adjacent 600 square foot storefront with basement currently leased to long term tenant. Income property brings in $10,000/yr to help pay the mortgage. There are seven parking spots in the rear of the building as well as ample street parking and a municipal parking lot across the street. If you're thinking of starting your own salon or expand your existing business, then this could be just what you're looking for. The property has housed a successful beauty salon for more than 30 years. Select equipment and furniture will convey with the sale. The second unit is currently operating as a dog grooming salon. There is no lease and the tenant is operating on month-to-month basis and would like to stay. Rent has been $850/year for several years. This property is centrally located one block from the Elkins Park Regional Rail station and in the heart of the Elkins Park village which includes the popular Food Chasers Restaurant (next door) , Creekside Market & Tap and High School Park. Property is zoned MU2 . As of right uses include bank or financial institution, bed & breakfast, personal care business, professional care business, retail, restaurant, studios for dance, art, music, photography, yoga and more. The Cheltenham township zoning office is the source for information about permitted uses or any commercial/residential conversion possibilities.Schedule your showing today!

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or John Kriza Real Estate Team | Beiler-Campbell Realtors. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-08-10T00:00:14.877.
www.johnkrizateam.com/homes/130968367
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7850 Montgomery ELKINS PARK, PA 19027

  • Price: $450,000
  • Status: Active
  • On Site: 25 Days
  • ID#: PAMC2046288
0
Beds
0
Baths
0
½ Baths
0.11
Acres
1920
Built
Neighborhood:
None Available
County:
Montgomery
Area:
Cheltenham Twp (10631)
School District:
Cheltenham
Property Description
Here's an excellent opportunity to purchase a two-unit mixed-use commercial property so you can use one portion for your business while earning rental income from the other. This well-maintained property consists of a 3-story, approx. 2100 square foot building with unfinished basement currently configured as a beauty salon; and an adjacent 600 square foot storefront with basement currently leased to long term tenant. Income property brings in $10,000/yr to help pay the mortgage. There are seven parking spots in the rear of the building as well as ample street parking and a municipal parking lot across the street. If you're thinking of starting your own salon or expand your existing business, then this could be just what you're looking for. The property has housed a successful beauty salon for more than 30 years. Select equipment and furniture will convey with the sale. The second unit is currently operating as a dog grooming salon. There is no lease and the tenant is operating on month-to-month basis and would like to stay. Rent has been $850/year for several years. This property is centrally located one block from the Elkins Park Regional Rail station and in the heart of the Elkins Park village which includes the popular Food Chasers Restaurant (next door) , Creekside Market & Tap and High School Park. Property is zoned MU2 . As of right uses include bank or financial institution, bed & breakfast, personal care business, professional care business, retail, restaurant, studios for dance, art, music, photography, yoga and more. The Cheltenham township zoning office is the source for information about permitted uses or any commercial/residential conversion possibilities.Schedule your showing today!
Exterior Features

Construction Materials Stone Garage YN No Location Type Suburban Parking Types Parking Lot Riparian Rights YN No Road Responsibility Boro/Township Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 0.00 Cooling Central A/CWindow Unit(S) Heating Hot Water Heating YN Yes Inclusions TablesChairsDesksSalon Equipment Net Square Feet 2700.00

Property Features

Accessibility Features None Assessment Year 2022 Business Type Bed And BreakfastHair Salon And SpaMedicalOther/General RetailProfessionalRestaurant/BarOtherVet/Kennel Central Air YN Yes Cooling Fuel Electric Cross Street Harrison Ave Electric 100 Amp Service Heating Fuel Natural GasElectric Hot Water Natural Gas Lease Considered YN No Municipality Cheltenham Twp Navigable Water YN N New Construction YN No Number Of Units Total 0 Original MLSNumber 801739274106 Ownership Interest Fee Simple Possession Negotiable Property Sub Type Retail Sale Type Standard Sewer Public Sewer Tax Annual Amount 7971.00 Tax Assessment Amount 122820.00 Tax Lot 44 Utilities Water AvailableSewer AvailableNatural Gas AvailableElectric AvailablePhoneCable Tv Available Vacation Rental YN No Water Source Public Zoning C3

Listing courtesy of Bhhs Fox & Roach-Chestnut Hill.


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or John Kriza Real Estate Team | Beiler-Campbell Realtors. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-08-10T00:00:14.877.
 
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