Constructed in 1975 and renovated in 1996 and again in 2018, 202 Marketplace is a community center comprised of ±67,550 square feet of retail space.
The 202 Marketplace is occupied by national, regional and local tenants but most notably is anchored by Dollar Tree, the Celebree School, and most recently, Sherwin Williams. This fully occupied center offers owner-operators the immediate ability to cash flow a stable center in a mature-regional market.
The property is located between two signalized intersections directly adjacent to Bethlehem Pike in the dense Montgomeryville retail corridor with a 5-mile population of 149,137 and average household income of $155,639. The property is easily accessible to the major thoroughfare of Bethlehem Pike, the North-South corridor that creates a strong road network system to the regional and local communities.
The 202 Marketplace is located at 411 Doylestown Road in Montgomeryville, PA, underwent significant renovations aimed at enhancing its appeal and functionality as a retail center. In 2016, the landlord initiated a major capital improvement project that included updating the exterior façade, resurfacing the parking lot, and renovating the pylon signage. These enhancements were designed to modernize the shopping center’s appearance and improve the overall customer experience.
The renovation efforts were nearing completion by mid-2018, with marketing materials highlighting the new exterior image and the availability of retail spaces ranging from 1,500 to 21,000 square feet. The improvements were successful in cultivating a diverse attract a diverse range of tenants, including retailers, restaurants, service providers, and professional users, thereby enriching the commercial landscape of the Montgomeryville area.
These strategic enhancements reflect the management’s commitment to maintaining a vibrant and competitive retail environment at 202 Marketplace, ensuring it continues to meet the evolving needs of both businesses and shoppers in the region.