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26441906
23444983

826 N Lewis Rd, Limerick, PA 19468

DK
PA PA 2192500
Binswanger Real Estate
Listed by Binswanger Real Estate
$3,700,000
298 days on market
Updated 28 days ago

826 N. Lewis Road

Details
Property Type Office, Industrial
Sub Type Medical Office, Creative Office (+1)
Square Footage 27,758
Units 3
NOI $269,982
Occupancy 86%
Tenancy Multi
Lease Type Net
Class B
Year Built 1967
Year Renovated 2014
Stories 2
Acreage 3.100
Zoning MS – Main Street (Limerick Township); LC- Limited Commercial
Parking Spaces 4 per 1,000 sq ft
Investment Type Owner/User
Dock High Doors 4
Sale Condition 1031 exchange

92% Occupied Office and Medical Building in Limerick, PA

Marketing description

27,450 square foot office building on a three+ acre parcel that contains two separate garage buildings at the far end of the site.

New windows, Dryvit façade, building systems, parking areas, common facilities, and exterior landscaping turned the building into a state-of-the-art property. Suites sized from 1,500 to 15,000sf can accommodate a variety of tenant sizes. Access from Route 422 is a short distance from Lewis Rd. It provides easy travel to King of Prussia or Pottstown. Local amenities such as restaurants, shopping, and convenience stores are within a mile along Ridge Pike.

Binswanger is pleased to present an investment or owner opportunity of an 86% leased multi-tenant office building located in Limerick, Pennsylvania in the Suburban Philadelphia market for sale.

1 mile from 422 (Limerick/Linfield Exit) on North Lewis Road

Investment highlights

  • Experienced Ownership Group Ready to Make Aggressive Deals
  • Two Suites available 1,400 - 4,1 00 SF
  • Tenant Improvement Allowance Available
  • Creative Office/Medical/Flex Space with Open Ceilings Possible
  • Significant Building Signage Opportunity
  • Parking Ratio 4/1000
  • Renovated in 2014, constructed in 1967
  • 25,270 SF office building located on a 3.1 acre lot
  • Two garages on the property which are fully leased (1,800 SF and 400 SF)
  • Located on North Lewis Road, 1.2 miles from Route 422 and 0.15 miles from the West Ridge Pike Intersection
  • 10,190 vehicles per day on North Lewis Road
  • Total population of 98,205 people within a 5-mile radius with an average HH income of $129,376
  • Area retail and entertainment includes Wawa, Costco, Philadelphia Premium Outlets, Landis Creek Golf Club, Bowlero Limerick, Spring Valley YMCA, and other local retailers
  • Year Constructed 1967
  • Renovated 2014
  • Construction Block on Steel Frame
  • Fire Protection Fully Sprinklered with a wet system
  • Alarms & Strobes
  • Panic Hardware on Exit Doors
  • Zoning LC- Limited Commercial
  • Utilities: Peco- Electric
  • Water - PA Water Company
  • Public Sewer Authority
  • 4 Drive-in Doors
  • Traffic Count 10,293 Vehicles per day average

Listing Contacts

DK
PA PA 2192500
Binswanger Real Estate
Listed by Binswanger Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$269,982.00
$22,498.50/mo

Valuation Metrics

0
DSCR
7.3%
Cap Rate
7.3%
ROI

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Additional Information

Name
Douglas Kelly
License
PA 2192500
Brokerage
Binswanger
Brokerage Phone
2154486000
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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