$899,000
Exceptional investment opportunity with redevelopment potential along highly traveled Bethlehem Pike (Route 309) in Montgomery County. Situated on approximately 2.13 acres, this mixed-use commercial property offers multiple income streams with upside potential through rent growth, lease restructuring, and future redevelopment. Current income sources include a detached garage leased at $1,100 per month, a first-floor dry-cleaning business leased at $500 per month, second-floor office space leased at $650 per month, a rear hair salon leased at $850 per month, and a digital billboard generating $1,333.34 per month ($16,000 annually) through May 2031. Billboard income increases to $1,583.33 per month ($19,000 annually) from June 2031 through May 2035. Several tenant rents remain below market levels due to the landlord lower during Covid and not adjusting since, providing an opportunity for future income enhancement. The property's GC-2 zoning allows for a variety of commercial uses, making it attractive to both investors seeking stable cash flow and buyers looking to capitalize on long-term redevelopment opportunities. Located in one of Montgomery County's most established commercial corridors, the property benefits from excellent visibility, strong traffic counts, prominent Route 309 frontage, and convenient access to major transportation routes. Surrounded by national retailers, restaurants, and regional amenities, this is a rare opportunity to acquire an income-producing asset with significant long-term upside. Buyer should verify all potential land uses and development opportunities directly with Horsham Township.
PAMC2182122
MLS
1440 Bethlehem Pike, North Wales
