202 Marketplace Offering Memorandum

411 Doylestown Road, Montgomeryville, PA 18936

Details

Status Sale
GLA 67,550 SF
Occupancy 100%

Demographics

Demographic 1 Mile 3 Miles 5 Miles
Population 7,585 72,691 149,137
Households 2,843 27,914 57,516
Average Household Income $158,558 $155,639 $164,114
Daytime Employees 4,016 35,618 66,727
Total Businesses 417 3,052 5,550
Total Housing Units 2,944 28,912 59,497
Traffic Count Doylestown Road - 12,637 A.D.T.
Traffic Count Horsham Road (Route 463) - 12,982 A.D.T.
Traffic Count Bethlehem Pike (Route 309) - 30,013 A.D.T.

Description

Offering Summary

Constructed in 1975 and renovated in 1996 and again in 2018, 202 Marketplace is a community center comprised of ±67,550 square feet of retail space. The 202 Marketplace is occupied by national, regional and local tenants but most notably is anchored by Dollar Tree, the Celebree School, and most recently, Sherwin Williams. This fully occupied center offers owner-operators the immediate ability to cash flow a stable center in a mature-regional market. The property is located between two signalized intersections directly adjacent to Bethlehem Pike in the dense Montgomeryville retail corridor with a 5-mile population of 149,137 and average household income of $155,639. The property is easily accessible to the major thoroughfare of Bethlehem Pike, the North-South corridor that creates a strong road network system to the regional and local communities.

Property Description

Montgomeryville, Pennsylvania, is a suburban community located in Montgomery County, about 20 miles north of Philadelphia. The town is part of the larger Philadelphia metropolitan area, offering a balance of suburban tranquility with convenient access to the bustling city. Montgomeryville is situated at the intersection of major roadways, including (Bethlehem Pike) Route 309 and the Pennsylvania Turnpike, making it easily accessible and connecting residents and businesses to the larger region. Known for its excellent location and a range of amenities, Montgomeryville has developed into a thriving community that attracts both families and professionals looking for a suburban lifestyle with urban conveniences.

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