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.
Merion Station is located in Pennsylvania. Merion Station, Pennsylvania has a population of 5,369. Merion Station is more family-centric than the surrounding county with 43.51% of the households containing married families with children. The county average for households married with children is 34.89%.
The median household income in Merion Station, Pennsylvania is $233,340. The median household income for the surrounding county is $99,361 compared to the national median of $69,021. The median age of people living in Merion Station is 47.1 years.
The average high temperature in July is 86 degrees, with an average low temperature in January of 22.8 degrees. The average rainfall is approximately 47.5 inches per year, with 18.4 inches of snow per year.
