1404 Chester Pike, Havertown, PA 19083
3,000 SF | Office Building | Havertown, PA 19083 | $1,175,000 ($392/SF) | 7.23% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,175,000
- Property Type
-
Office
- Square Feet
- 3,000 SF
- Price / Square Foot
- $392
Listing Contacts
Veronica Blum
Verified Profile
Roman Melnyk
Verified Profile
- Property Info
Property Overview
MPN Realty, Inc., is proud to present the exclusive sale of 1404 West Chester Pike Havertown PA 19083, a commercial property at the signalized corner of West Chester Pike & Glendale Road. This highly trafficked intersection, which is anchored by Manoa Shopping Center, enjoys estimated average daily car counts in excess of 47,000. The optometry practice has been thriving at this prime location since 2001. In 2019, the original owner-operator sold the property to MyEyeDr and leased back the space, before selling the property to the current owner in 2022. The current lease commenced in 2019 and the tenant exercised their first 5-year option in November of 2023. They have two 5-year options remaining. The tenant is on a modified gross lease with minimal landlord responsibilities.
MyEyeDr, which is backed by Morgan Stanley, has grown to over 800+ locations across the country. They fully occupy this property.
MyEyeDr, which is backed by Morgan Stanley, has grown to over 800+ locations across the country. They fully occupy this property.
Property Details
- Class
- B
- Year Built
- 1970
- Stories
- 1
- Property Subtype
- Medical
- Lot Size (sq. ft)
- 21,780 SF
Highlights
- Located on Signalized Corner
- Highly Trafficked Intersection
- Fully Occupied by MyEyeDr
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