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Listed by Samantha Miller • Mallin Panchelli Nadel Realty Inc
$ 1,200,000
Est. payment | /mo
5,655 Sqft Lot
$ 1,200,000
Est. payment | /mo
5,655 Sqft Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAMC2175938
Year Built 1950
Annual Tax Amount $22,664
Tax Year 2026
Lot Size 5,655 Sqft
Lot Dimensions 32 x 180
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
Presenting the exclusive sale of 433 Old York Road (a.k.a. 431-33 Old York Road & 424 Johnson Street) - a mixed-use investment opportunity in the heart of Jenkintown's active commercial corridor. The property consists of seven total units, fully occupied, including four apartments, two ground-floor storefronts, and one office suite, along with three-car on-site surface parking. Jenkintown's central business district is anchored along Old York Road (Rt. 611), serving as the borough's primary commercial spine. Current ownership has completed significant capital improvements and select cosmetic upgrades, addressing major deferred maintenance and enhancing overall asset quality. However, rents have not been fully optimized, leaving much of the near-term upside for a new owner. Additionally, the rear portion of the building on Johnson Street is only one story in height, while zoning permits up to 50 feet (subject to zoning review), which may offer additional value-add potential to develop and add square footage (buyer to conduct due diligence on zoning and development standards). Positioned along a high-visibility stretch of Old York Road with strong vehicle traffic and just minutes from the Jenkintown SEPTA Regional Rail station, the property benefits from both suburban accessibility and consistent tenant demand.
Location
State PA
County Montgomery
Area Jenkintown Boro (10610)
Zoning NCR
Interior
Hot Water Other
Heating Other
Cooling Other
Heat Source Other
Exterior
Water Access N
Accessibility Other
Garage N
Building
Sewer Other
Water Other
New Construction N
Schools
School District Jenkintown
Others
Tax ID 10-00-05496-002
Ownership Fee Simple
Special Listing Condition Standard
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Noelle Carter
NJ & PA Realtor | License ID: RS357559