7850 Montgomery

Description

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!