Mount Carmel Plaza | 540 W Mount Carmel Ave
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Mount Carmel Plaza 540 W Mount Carmel Ave
15,323 SF 85% Leased Retail Building Glenside, PA 19038 $2,102,568 CAD ($137 CAD/SF)
Investment Highlights
- 85% occupied, 14,500 square foot value-add strip in Glenside, Pennsylvania, just outside of Philadelphia
- Strong occupancy history of 10 years for each tenant
- Extremely well positioned retail strip with over 1 million square feet of occupied retail space within a 3-mile radius including national retailers li
- Well positioned value-add investment for a new owner to capture additional rent
- Great access and frontage along Mount Carmel Avenue with 16,152 vehicles per day
- Positioned approximately a half mile from Philadelphia County, boasting 132,195 residents with average household incomes of $132,847 within 3-miles
Executive Summary
MSC is proud to exclusively present 540 W Mount Carmel, a 14,500 square foot
shopping center located in Glenside, Montgomery County, Pennsylvania. At 85% occupied,
this shopping center offers a value add opportunity with a stable core tenant lineup to drive
additional leasing velocity and growth. For the past 20 years, the center has been occupied
by Dominos and SGS Paper. Both tenants serve as staples to communities, Dominos will be
extending the lease for another 5 years showing their commitment to the area. The rest of the
property is made up of two vacancies and Red House Asian, which has also been in place for
over 10 years.
The center is extremely well positioned on Mount Carmel Avenue which boasts 16,152 vehicles
per day and over 1 million square feet of retail space within just a 3-mile radius. Glenside is an
optimally positioned suburb of Philadelphia that is located approximately half a mile from the
Philadelphia County Line. This location benefits from incredible population density, boasting
132,847 residents with average household incomes of $132,847 within three miles of the
center. This captive customer base benefits from the close proximity to Philadelphia while
enjoying a top 20% school district and avoiding burdensome Philadelphia taxes, which has
driven incredible residential demand.
shopping center located in Glenside, Montgomery County, Pennsylvania. At 85% occupied,
this shopping center offers a value add opportunity with a stable core tenant lineup to drive
additional leasing velocity and growth. For the past 20 years, the center has been occupied
by Dominos and SGS Paper. Both tenants serve as staples to communities, Dominos will be
extending the lease for another 5 years showing their commitment to the area. The rest of the
property is made up of two vacancies and Red House Asian, which has also been in place for
over 10 years.
The center is extremely well positioned on Mount Carmel Avenue which boasts 16,152 vehicles
per day and over 1 million square feet of retail space within just a 3-mile radius. Glenside is an
optimally positioned suburb of Philadelphia that is located approximately half a mile from the
Philadelphia County Line. This location benefits from incredible population density, boasting
132,847 residents with average household incomes of $132,847 within three miles of the
center. This captive customer base benefits from the close proximity to Philadelphia while
enjoying a top 20% school district and avoiding burdensome Philadelphia taxes, which has
driven incredible residential demand.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
15,323 SF
Building Class
B
Year Built
1975
Price
$2,102,568 CAD
Price Per SF
$137 CAD
Percent Leased
85%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Land Acres
1.30 AC
Zoning
G
Parking
69 Spaces (4.76 Spaces per 1,000 SF Leased)
Frontage
262 ft on Mt Carmel Ave
Amenities
- Pylon Sign
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Busy prime retail center Great visibility Great access Lots of parking Tons of drive-by Can be used for: Retail Service Showroom Supply House Flex
- 3
- 1,400 SF
- Retail
- In-Line
- Now
- 5
- 850 SF
- Retail
- End Cap
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 9,600 SF | Flex | - | Mar 2025 |
| 3 | 1,400 SF | Retail | In-Line | Now |
| 5 | 850 SF | Retail | End Cap | Now |
1st Floor
| Size |
| 9,600 SF |
| Space Use |
| Flex |
| Position |
| - |
| Available |
| Mar 2025 |
3
| Size |
| 1,400 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
5
| Size |
| 850 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
1st Floor
| Size | 9,600 SF |
| Space Use | Flex |
| Position | - |
| Available | Mar 2025 |
Busy prime retail center Great visibility Great access Lots of parking Tons of drive-by Can be used for: Retail Service Showroom Supply House Flex
Walk Score ®
Very Walkable (77)
PROPERTY TAXES
| Parcel Number | 31-00-19738-004 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,002,667 CAD |
PROPERTY TAXES
Parcel Number
31-00-19738-004
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,002,667 CAD
-
Jesse Dubrow -
MSC
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Mount Carmel Plaza | 540 W Mount Carmel Ave
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