100 N Penn Street, Hatboro, PA 19040 | Offered for Sale or Lease | $1,975,000 ($107 PSF)
Well-located small industrial buildings in eastern Montgomery County rarely come to market, and even fewer come with heavy industrial zoning, a crane, and a freshly remodeled interior. 100 N Penn Street checks all three boxes, and the owner is motivated to close before year end.
The Property
The building totals 18,473 square feet on 1.29 acres in the Borough of Hatboro. It is zoned HI (Heavy Industrial), which gives an owner-user or tenant far more flexibility than the light industrial and flex zoning common across the surrounding suburbs. Manufacturing, fabrication, contractor operations, and warehouse and distribution uses all fit the profile.
The layout combines open factory and warehouse space with dedicated work areas, storage, and a two-level office component. A 5 ton bridge crane serves the production floor, and the warehouse areas feature LED lighting, drive-in doors, and a ramped loading access. The site is fully paved with ample parking and room for truck circulation, a genuine advantage on an infill parcel.
Newly Remodeled
The office areas have been fully updated with new flooring, lighting, windows, and finishes, including private offices and a conference room. A new occupant can move in and operate without a round of capital improvements on day one.
Priced Below Replacement Cost
At $1,975,000, or roughly $107 per square foot, the asking price sits well below what it would cost to build a comparable facility today, before even accounting for land. Construction costs, site work, and the time required to entitle and permit new industrial product in this part of the region make new development at this scale difficult to justify. For an owner-user, that gap translates into immediate equity and a basis that is hard to replicate.
Location
Hatboro sits in the heart of eastern Montgomery County, close to Willow Grove, Horsham, and Warminster. The Pennsylvania Turnpike (I-276) is minutes away, with I-95 nearby, connecting the property to Philadelphia and the broader Northeast corridor. The infill setting offers access to an established labor pool and proximity to customers and suppliers throughout the Philadelphia suburbs and Bucks County.
Sale or Lease
The building is available for purchase or for lease, giving both owner-users and tenants a path to occupancy. Buyers seeking to close in 2026 should move quickly, as the owner is targeting a year end transaction.
McGowan Corporate Real Estate Advisors is the exclusive agent for this offering.
Kevin McGowan, CCIM, SIOR
Mobile (610) 233-6490
kevin@mcgowanadvisors.com
Matt Marshall
Mobile (610) 574-4286
mmarshall@mcgowanadvisors.com
www.mcgowanadvisors.com
Information concerning this offer is from sources deemed reliable, but no warranty is made as to the accuracy thereof and it is submitted subject to errors, omissions, change of price or other conditions, prior sale or lease, or withdrawal without notice.
