153-163 Bala Ave
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153-163 Bala Ave
25,159 SF 100% Leased Retail Building Bala Cynwyd, PA 19004 £3,634,830 (£144/SF)
Investment Highlights
- This is a prime location for development of a high rise condo development.
- Bala Cynwyd is easily accessible via U.S. Route 1 (City Avenue) and is near the Schuylkill Expressway (I-76).
- Listed on historic registry for the facade of the building.
- Public transportation is available through the SeptA Regional Rail and several bus lines, connecting the area to downtown Philadelphia
Executive Summary
This property is being sold in as is condition. This is a prime location for development of a high rise condo development. Listed on historic registry for the facade of the building. Movie theater with 975 seats split into 3 viewing rooms, a large office and room for parties on the second floor. 3rd floor projection room. Previously leased at $10,000/month, now vacant. Additional 4 commercial spaces - 2 rented - Slices and Rolls @ $3,000/month, Hair Salon @$1,200/month. 2 vacant storefronts. 4 residential apartment spaces at $900/month totaling $3,600 100% rented. Landlord pays for gas heat, water and trash. There is also a 3 plus car detached garage in the rear of the building ( 2,500 sq ft) currently occupied by landlord and about 20 parking spots. Great location for redevelopment. Also listed is 124 Bala and 128 Bala.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Movie Theatre
Building Size
25,159 SF
Building Class
C
Year Built
1926
Price
£3,634,830
Price Per SF
£144
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Building FAR
0.84
Lot Size
0.69 AC
Zoning
C2 - Mixed-use, Cinema/Theater with a storefront and residential rentals
Parking
8 Spaces (0.64 Spaces per 1,000 SF Leased)
Frontage
163 ft on Bala Ave
Amenities
- Commuter Rail
- Corner Lot
- Restaurant
- Accent Lighting
- Storage Space
- Monument Signage
- Air Conditioning
Walk Score ®
Very Walkable (76)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 40-00-03604-001 | Improvements Assessment | £175,247 |
| Land Assessment | £289,203 | Total Assessment | £464,450 |
PROPERTY TAXES
Parcel Number
40-00-03604-001
Land Assessment
£289,203
Improvements Assessment
£175,247
Total Assessment
£464,450
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153-163 Bala Ave
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