An online auction sale will be held for a medical office development site at 8000 Old York Road in Elkins Park (Cheltenham Township) from January 15 through January 27, 2026.
According to the listing, plans are in place for a single-story office, ideal for dental and medical tenants, on the 0.4-acre plot of commercial land. The starting bid will be $1.
The site was selling for $325,000 as of August 2024.
From the description:
Realize the untapped potential of this exceptional medical office development site with a prime location in suburban Philadelphia at 8000 Old York Road in Elkins Park, Pennsylvania. Spanning 0.4 acres, the property comes with in-place plans for the creation of a single-story medical office with on-site parking, ideal for dental practices or medical offices. The proposed building will include a basement level and will comprise a total of 854 square feet on the ground floor.
Situated at the corner of the signalized intersection with Chelten Hills Drive, 8000 Old York Road is perfectly positioned to highlight businesses to a large regional audience, with more than 25,000 vehicles passing by the location each day. Old York Road presents a vital corridor of commercial and residential activity that transitions seamlessly into Broad Street, the main north-south thoroughfare of Greater Philadelphia that connects directly to downtown. This vital artery is brimming with retail and service-oriented businesses that draw added daily traffic, including national brands like Acme Markets, Burlington, Walgreens, Applebee’s, Subway, Paris Baguette, and more. Further enhancing access to the site, there are several SEPTA rail stations located within walking distance, providing convenient public transit options for commuters and clients.
Its prime suburban location in Northeast Philadelphia makes 8000 Old York Road the perfect choice for new dental or medical businesses. The property is located just 3.5 miles south of Jefferson Abingdon Hospital, the focal point of the local medical industry with 667 beds, delivering unparalleled opportunities for partnership and referrals. The area is served by a substantial captive audience of potential clients within 2 miles of the location. More than 87,000 residents live in the area, with an average household income that exceeds $98,000. This affluent cohort provided annual spending of more than $1 billion during 2024, including more than $48 million spent on healthcare segments.
In addition to end users, 8000 Old York Road offers significant potential for investors seeking to tenant the property following development. The location sits within the Horsham/Willow Grove Office Submarket, delivering a strong leasing environment that has experienced average annual rent growth of 2.4% during the past five years. Once a tenant is secured, investors will be able to easily offload the office and capture the added value thanks to the submarket’s excellent liquidity, with 30 sales and over $28.6 million in sales volume during the past 12 months.
Claim a top spot in Northeast Philadelphia with this prime medical office development opportunity that combines strong daily traffic, seamless regional accessibility, and proximity to a major hospital at 8000 Old York Road.
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