431-33 Old York Road

Description

Presenting the exclusive sale of 433 Old York Road (a.k.a. 431-33 Old York Road & 424 Johnson Street) - a mixed-use investment opportunity in the heart of Jenkintown’s active commercial corridor. The property consists of seven total units, fully occupied, including four apartments, two ground-floor storefronts, and one office suite, along with three-car on-site surface parking. Jenkintown’s central business district is anchored along Old York Road (Rt. 611), serving as the borough’s primary commercial spine. Current ownership has completed significant capital improvements and select cosmetic upgrades, addressing major deferred maintenance and enhancing overall asset quality. However, rents have not been fully optimized, leaving much of the near-term upside for a new owner. Additionally, the rear portion of the building on Johnson Street is only one story in height, while zoning permits up to 50 feet (subject to zoning review), which may offer additional value-add potential to develop and add square footage (buyer to conduct due diligence on zoning and development standards). Positioned along a high-visibility stretch of Old York Road with strong vehicle traffic and just minutes from the Jenkintown SEPTA Regional Rail station, the property benefits from both suburban accessibility and consistent tenant demand.