84,210 SF Office Building
72% Occupied | Recently Renovated
Marketing description
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101 West Avenue, Jenkintown, PA 19046 presents a rare opportunity to acquire a premier Class A office asset in one of Montgomery County’s most desirable suburban locations. This three-story, ±84,210 SF building sits on 3.35 acres and offers a compelling blend of stable in-place income and future upside. Directly adjacent to the SEPTA Jenkintown-Wyncote Regional Rail Station, the property delivers exceptional commuter access throughout Greater Philadelphia, with convenient connections to Route 309, Route 611, and the Pennsylvania Turnpike. Recent renovations have elevated the building’s image with a striking atrium-style lobby, upgraded common areas, modernized restrooms, and enhanced interior lighting. The asset is currently 72% occupied by a strong mix of established office and medical-oriented tenants, including Merrill Lynch, Ivy Rehab, Truist, and other professional service users. Additional highlights include ADA compliance, secure FOB access, two elevators, and abundant parking with 287 on-site spaces, including 80 covered spaces and a private gated garage. Positioned in affluent Jenkintown, surrounded by dense residential neighborhoods and strong household incomes, this is an exceptional value-add investment in a highly accessible, transit-oriented setting!
- Non-Contingent
- Earnest Money Deposit is Greater of $20,000 or 10% of the Purchase Price
- Marketing Fee: 5% of the Winning Bid Amount, $20,000 minimum
- $10,000 Participation Deposit
101 West Ave, Jenkintown, PA 19046
Investment highlights
- Prestigious Jenkintown address surrounded by dense residential neighborhoods and high household incomes.
- 84,210sf Class A Office Building ideal for office or medical uses.
- Strong tenant mix including Bank of America (Merrill Lynch), Ivy Rehab, Truist Bank, and Serge Chernow, Kurtzman and Company, P.C.
- Recently renovated common areas including a modern atrium style lobby and interior staircase completed in 2018.
- Exceptional transit oriented location adjacent to the SEPTA Jenkintown Wyncote regional rail station.
- Excellent parking availability with approximately 287 total spaces, including 80 covered and a fully enclosed private garage, providing a 3.4 spaces per 1,000 SF ratio.
- Demographics in affluent, high-density suburb with 2-mile median income over $144K and average over $171k.
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