Views - Seller Financing
Listed By:
EXP Realty, LLC
Address
1021 Old York Road, Abington, PA
Price
$ 3,499,999
Property Attributes
  • MLS#PAMC2082236
  • TypeCommercial
  • CountyMONTGOMERY
  • CityAbington
  • AreaAbington Twp
  • Zip19001
  • StyleInstitutional,Medical,Professional
  • Year Built2007
  • Taxes$ 37222
  • Price$ 3,499,999
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage14000
  • Lot Size0.72 Acres
Data Source:
Bright MLS
Property Description

Impressive Income Producing Professional Office Building, Fully Rented with 5 Year Leases!! Seller Financing Available at 4%! Fabulous Class A Office Space Available, Modern 4 Story Office, Nothing Like It in This Area!! Currently There are 6 Fully Rent Offices and all Leases Have Rent Increases; The Building Was Built In 2008, Most Tenants Designed Their Own Space, Most with Higher End Finishes; Tons of Parking, Including Private Carport Parking For Tenant Owner and Plenty of Parking Outside the Parking Lot; The Basement Has Tons of Storage Space and Houses the Buildings Mechanicals, and Has a Back Door for Tenants to Utilize for Ease of Entry; The 1st Floor Office Currently is a Dentist Office and Has 2,500 Square Feet and Beautiful Finishes; Rented By a Long Time Abington Dentist and Has a Very Busy Office; Second Floor Was Split Off Into 2 Offices, The Larger Side is another Dentist Office, Beautiful Space and the Other Smaller Office is Currently Rented by a Forensic Scientist; The Third and Most of the Fourth Floors Are Rented By the Same Tenant; In the Third Floor Office; The Initial Tenant Spent Over 800k Designing This Office Space with High-End Finishes; 4th Floor is Set Up Very Nicely and Has Very Nice Finishes; 3rd and 4th Floor Offices Have Floor to Ceiling Glass Windows in Their Conference Rooms, High Hat Lighting 3rd Floor Office Has a Reception Area, a Must See Cappuccino Bar, a Full Kitchen with Breakfast Bar Type Seating, and a Fantastic CEO Suite with Full Floor to Ceiling Windows with Fantastic Views; Both 3rd and 4th Floors Have a Modern Conference Room and Seats Over 12 to 16 Comfortably with Pendant Lighting; Both Floors Also Have a Second Conference Room Seats 6 to 8 People Comfortably with Pendant Lighting; Each Office Has 2 Bathrooms, Handicap Accessible, with Tile Floor and Walls;. 3rd Floor Office Has 9 Office Plus a CEO Office Suite; 4th Floor Has 9 Offices, Kitchen, Reception Area, 2 Conference Rooms and 6 Cubicles and Can Be Made Into Offices, Both are Medical Offices;Tenants & Clients Will Be Impressed When Visiting This Building! Easy Access for Visitors & Clients and Handicapped Accessible, Secure Building With Security Cameras, Visitors Must Use Phone Box In Foyer to Access Your Floor Via Elevator After Hours; All Offices Have Windows with Some That Open; Trash Dumpster Outside Easily Accessible from Basement; Storage Room Comes with Office Space in Basement; Easy Access Up Steps if Do Not Want to Take Elevator; In Heart of Abington Commercial District; Close to Shopping, Restaurants, Whole Foods, Starbucks, Train Station, Bus Stop Outside the Front Door; Don't Miss Out On This Opportunity to Own a Multi-Million Dollar Office Building; This is One of the Most Impressive Offices in the Suburban Area; Enjoy Owning This Beautiful Office Building Without Fighting the City Traffic and the Costs of Owning Property in the City; Download Floor Plan PDF, Income and Expense Worksheet in Bright Docs;

Price History
9/1/2023 Listed $3,499,999

General Features

Sewer Public Sewer
Heating Forced Air
Cooling Central A/C
Utilities Cable TV Available,Natural Gas Available,Phone Available,Sewer Available,Water Available
Possession Negotiable
Roof Flat
Zoning COMMERCIAL
Security Features Exterior Cameras,Security System,Smoke Detector,Sprinkler System - Indoor,Surveillance Sys
Construction Materials Copper Plumbing,Dryvit,Glass,Masonry,Spray Foam Insulation
Year Built 2007
Electric Circuit Breakers,200+ Amp Service,3 Phases
View Street,Trees/Woods
Property SubType Office
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
Gross Income 320000.00
OwnerPays None
Business Type Institutional,Medical,Professional
Accessibility 2+ Access Exits,36 + wide Halls,Elevator,Grab Bars Mod,Level Entry - Main,Low Pile Carpeting,Ramp - Main Level,Wheelchair Height Mailbox
County MONTGOMERY
Net Operating Income 244912.00
Operating Expense 85820.00
Insurance Expense 5061.00
New Construction No
Property Type Commercial Sale
MaintenanceExpense 3600.00
Possible Use Commercial,Financial,Institutional,Office,Professional Service,Medical/Dental,Mixed Use
Water Access Y/N No
Transportation Bus Stop less than 1 mile,Commuter Rail Station less than 1 mile
Status ACTIVE
Directions Susquehanna rd,travel east,make right onto York Road,building is on the left at the next light
ModificationTimestamp 2023-12-22T04:27:47
City ABINGTON
Buyer Agent Compensation 2
Disclosures Agent has Financial Interest,Owner RE Licensee,Prop Disclosure,Use and Occupancy Permit
Zoning Description All possible professional,medical
MLS Area Abington Twp (10630)
Lot Size Square Feet 31200.00
Tax Assessed Value 813450.0
Waterfront Y/N No
Street Name OLD YORK
Tax Annual Amount 37222.0
Electric Expense 11500.00
Property Condition Excellent
Trash Expense 13200.00
Price Per Sq Ft 250.0
Acceptable Financing Cash,Conventional,Installment Sale,Negotiable,Seller Financing
Association Fee 0.00
Lease Considered Y/N No
Vacation Rental Y/N No
Days on Market 229
Location Type Suburban
Standard Status Active
Year Built Source Assessor
Total Actual Rent 320000.00
Cap Rate 0.07
Buyer Agent Compensation Type % Of Gross
Association Recreation Fee No

Interior Features

Heating Fuel Natural Gas
Flooring Carpet,Ceramic Tile,Concrete,Hardwood
Hot Water Electric
Total Stories 5
Heating Y/N Yes
Street Suffix ROAD
Central Air Y/N Yes
Total Restrooms 9
Entry Level 1
Clear Span Ceiling Height 10' to 12'
Number of Elevators 1

Exterior Features

Parking Features Lighted Parking,Private,Security/Monitored,Unassigned
Lot Features Backs to Trees,Front Yard,Level,Not In Development,Rear Yard,Road Frontage,SideYard(s)
Water Source Public
Inclusions some furniture
Total Parking Spaces 52
Type of Parking Off Site,On Street,Parking Lot,Private Garage
Traffic Count Greater than 30000
Foundation Details Concrete Perimeter,Permanent,Slab
Water View Y/N No
Building Area Total 14000.00
Lot Dimensions 167.00 x 0.00
Lot Size Acres 0.72
Road Surface Type Access - On Grade,Black Top
Road Frontage Length 400
Lot Size Units Square Feet
Lot Size Source Assessor
Door Features Double Entry
Other Equipment Negotiable
Road Responsibility State
Navigable Water Y/N No
Water Oriented Y/N No
Fencing Y/N No
LotDimensionsSource Assessor
Car Parking Spaces 52

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 19001

Price
AVG $510K
$3.5M
Taxes
AVG $23,041
$37,222
Visits
AVG 152
483
Data Provided by Inside Real Estate®
Year Built
AVG 1931
2007
Walkscore
AVG 73
71
Data Provided by Walkscore® not using MLS data

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