Sold

CLOSED

7850 Montgomery

Elkins Park PA, 19027

$325,000


Sold

CLOSED

Commercial

Built in 1920

CALLING ALL SMALL BUSINESS OWNERS --Here's an excellent opportunity for you to live and work in one place. This is a residence and business space in one! Live in the apartment upstairs while running your small business on the first and second floors. There is a separate income-producing, leasable space attached to the building to help cover your costs.

This well-maintained property in the heart of Elkins Park village consists of a 3-story, approx. 2100 square foot building with unfinished basement currently configured as a beauty salon; and an adjacent 600 square foot storefront with basement currently leased to a dog grooming business. Income property brings in $10,000/yr.

There are seven parking spots in the rear of the building as well as ample street parking and a municipal parking lot across the street.
If you're thinking of starting your own salon or other business, then this could be just what you're looking for. The property has housed a successful beauty salon for more than 30 years. Select equipment and furniture will convey with the sale if buyer requests.

The second unit is currently operating as a dog grooming salon. There is no lease and the long-term tenant is operating on month-to-month basis and would like to stay. Rent has been $850/year for several years.

This property is centrally located one block from the Elkins Park Regional Rail station and in the heart of the Elkins Park village which includes the popular Food Chasers Restaurant, Creekside Market & Tap, Goat House Creamery and Coffee and High School Park.

Property is zoned MU2 . As of right uses include bank or financial institution, bed & breakfast, personal care business, professional care business, retail, restaurant, studios for dance, art, music, photography, yoga and more. The Cheltenham township zoning office is the source for information about permitted uses or any commercial/residential conversion possibilities.
Schedule your showing today!

PAMC2046288

MLS ID

July 15, 2022

Listed

October 2, 2024

Updated

Map

7850 Montgomery
Elkins Park PA, 19027

Interior Features

Fireplace

No


Cooling

Yes


Cooling Description

Central Air, Window Unit(s)


Heating

Yes


Heating Description

Hot Water, Electric, Natural Gas

Exterior/Building Features

Lot Size

0.11 Acres


Sewer

Public Sewer

Other Property Details

Area Name

CHELTENHAM TWP


Taxes

$7,971


Tax Frequency

Annually


Days on Market

174


Garage

No


Parking

On Street


Parking Total

6


View

No


County

MONTGOMERY


Water Source

Public


Pool

No

Listed by BHHS Fox & Roach-Chestnut Hill
Listing Contact: 2678885558 

The IDX display contains information sourced from the Bright MLS, Inc. as of 10/2/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 10/2/2024 at 4:08 AM UTC

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