Elkins Park, PA 19027,7850 MONTGOMERY
Elkins Park, PA 19027,7850 MONTGOMERY
Elkins Park, PA 19027,7850 MONTGOMERY
$325,000
Est. payment /mo
$350,000
7.1%
Est.Price: ?

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4,800 Sqft Lot
SOLD DATE : 04/17/2023

Key Details

Sold Price $325,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Subdivision None Available

MLS Listing ID PAMC2046288

Sold Date 04/17/23

Originating Board BRIGHT

Year Built 1920

Annual Tax Amount $7,971

Tax Year 2022

Lot Size 4,800 Sqft

Acres 0.11

Lot Dimensions 54.00 x 0.00

Property Description

CALLING ALL SMALL BUSINESS OWNERS --Here's an excellent opportunity for you to live and work in one place. This is a residence and business space in one! Live in the apartment upstairs while running your small business on the first and second floors. There is a separate income-producing, leasable space attached to the building to help cover your costs.

This well-maintained property in the heart of Elkins Park village 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 a dog grooming business. Income property brings in $10,000/yr.

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 other 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 if buyer requests.

The second unit is currently operating as a dog grooming salon. There is no lease and the long-term 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, Creekside Market & Tap, Goat House Creamery and Coffee 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.
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Location

State PA

County Montgomery

Area Cheltenham Twp (10631)

Zoning C3

Interior

Hot Water Natural Gas

Heating Hot Water

Cooling Central A/C, Window Unit(s)

Heat Source Natural Gas, Electric

Exterior

Garage Spaces 6.0

Utilities Available Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone, Cable TV Available

Waterfront N

Water Access N

Accessibility None

Road Frontage Boro/Township

Parking Type Parking Lot, On Street

Total Parking Spaces 6

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Cheltenham

Others

Tax ID 31-00-19390-001

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Jeff Chirico • BHHS Fox & Roach-Chestnut Hill
Bought with Natasha Ocasio • Realty Mark Associates-CC

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Irma Rodriguez

+1(302) 357-1823

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