Wyncote Commons, a 93,423 sf multi-building mixed-used property at 827 Glenside Avenue and 0 Rices Mill Road, is up for sale for an undetermined amount.
The property includes a 2.38-acre parking lot which has potential for redevelopment. The building currently houses 18+ tenants, including Jenkintown Dance Arts, the PITC Institute, Berzin Brazilian Jiu-Jitsu, Crossfit, and the Fencing Academy of Philadelphia.
According to the listing, the 4.27-acre property has been fully renovated.
From the property’s Executive Summary:
Binswanger is pleased to exclusively represent and offer the Wyncote Commons, a 93,423 SF multi-building mixed-use property on 4.27 acres that was recently fully renovated and reinvented into an office, retail, and industrial complex consisting of 18+ tenants. The property also offers a 2.38-acre parking lot with potential for redevelopment. Although the renovation and the stabilizing of this asset have been done, there remains upside with the potential development of the 2.38 acres, as well as 6,795 SF of vacancy, and a 2,000 SF boiler building with great potential. This asset offers investors the opportunity to expand their portfolio with a unique, well-located property in a key Philadelphia suburban market within Montgomery County.
More details can be found in the brochure below:
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Photos: Loopnet.com