REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 579,999
Est. payment /mo
Price Dropped by $10K
7801 MONTGOMERY AVE Elkins Park, PA 19027
5,664 SqFt
UPDATED:
11/15/2024 11:34 AM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 5,664 sqft
Price per Sqft $102
MLS Listing ID PAMC2119528
Originating Board BRIGHT
Year Built 1870
Annual Tax Amount $12,163
Tax Year 2024
Lot Size 9,756 Sqft
Acres 0.22
Lot Dimensions 53.00 x 0.00
Property Description
An expansive commercial unit on the 1st floor and two apartments on the 2nd floor. The commercial space was once home to a renowned hair salon but is now ready for its new owners and endless possibilities. With the building located steps away from the Elkins Park train station and the abundance of street parking, your business will allow customers and employees to come and go with ease.
The first floor is currently one large open floor plan with a single wall to create a separation, 4 smaller rooms, a utility area, laundry room, and 2.5 bathrooms. Floor plans are available. You can also access the basement from 2 different points. And with its 9’8ft ceilings and three magnificent floor to ceiling windows, this is anything but an average commercial space. The zoning on this property allows for it to be used as a Bank or Financial Institution, Bed and Breakfast, Personal Care Business, Professional Service Business, Restaurant, Retail Shop, Studios for Dance, Art, Music, Photography, Yoga, or similar, Medical Office.
For convenience there is a separate entrance to the apartments on the 2nd floor. Upstairs is a 1 bedroom 1 bathroom apartment (tenant currently pays $950/mo on a month to month lease - tenant would like to stay) and a 3 bedroom 1 bathroom apartment (recently had rented out at $2,000/mo - currently vacant). One bedroom tenant pays for gas/electric. Owner pays water.
Both apartments are equipped with new forced air heating (gas) and cooling (2023). The 3 Bedroom unit was renovated in 2023 with new flooring, new kitchen, and a new back deck. All new HVAC ductwork in the commercial space (2024). Most of the roof was re-done in 2022. There are 4 parking spots in the rear of the building. The commercial unit has 3 parking spots and the one bedroom unit has 1 parking spot
The first floor is currently one large open floor plan with a single wall to create a separation, 4 smaller rooms, a utility area, laundry room, and 2.5 bathrooms. Floor plans are available. You can also access the basement from 2 different points. And with its 9’8ft ceilings and three magnificent floor to ceiling windows, this is anything but an average commercial space. The zoning on this property allows for it to be used as a Bank or Financial Institution, Bed and Breakfast, Personal Care Business, Professional Service Business, Restaurant, Retail Shop, Studios for Dance, Art, Music, Photography, Yoga, or similar, Medical Office.
For convenience there is a separate entrance to the apartments on the 2nd floor. Upstairs is a 1 bedroom 1 bathroom apartment (tenant currently pays $950/mo on a month to month lease - tenant would like to stay) and a 3 bedroom 1 bathroom apartment (recently had rented out at $2,000/mo - currently vacant). One bedroom tenant pays for gas/electric. Owner pays water.
Both apartments are equipped with new forced air heating (gas) and cooling (2023). The 3 Bedroom unit was renovated in 2023 with new flooring, new kitchen, and a new back deck. All new HVAC ductwork in the commercial space (2024). Most of the roof was re-done in 2022. There are 4 parking spots in the rear of the building. The commercial unit has 3 parking spots and the one bedroom unit has 1 parking spot
Location
State PA
County Montgomery
Area Cheltenham Twp (10631)
Zoning MIXED USE
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Spaces 4.0
Water Access N
Accessibility None
Total Parking Spaces 4
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Cheltenham
Others
Tax ID 31-00-19207-004
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
Listed by Emily Terpak • Compass RE