A 4,034 sf retail building with three residential apartments at 211 S Easton Road in Glenside (Cheltenham Township) is on the market for $1,164,000.

According to the listing, the three-story building is 100% leased to Ultimate Dry Cleaners and comes with six parking spaces. Note that the building, not the business, is for sale.

From the description:

211 S Easton Rd is a premier mixed-use investment located in the heart of Glenside, PA. The property consists of a robust first-floor commercial production plant and three residential apartments above.
The Location: Glenside is a highly sought-after “commuter” suburb, perfectly positioned between Philadelphia and the northern suburbs. The property is a short walk to the Glenside SEPTA Station, making it an ideal location for young professionals and Arcadia University students. Easton Road serves as the primary commercial artery, ensuring high daily traffic counts and maximum visibility for the anchor tenant.
The Tenant Profile: The ground floor is occupied by a dry cleaning plant that has been a staple of the community for 40 years. The current operator established the business and has maintained the facility throughout its history. This longevity provides an investor with an “Anchor” tenant that is deeply woven into the local economy.
Investment Math (at 5% Cap): With a Net Operating Income (NOI) of $58,200, this asset is priced at $1,164,000. This represents a trophy-level investment in a low-inventory market. The residential units offer immediate “mark-to-market” upside, especially given the proximity to the university. Neighborhood retail and national tenants within 0.5 Miles/walking distance.

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