431-33 Old York Rd & 424 Johnson St

Jenkintown’s vibrant downtown centers along Old York Road (Route 611), the borough’s primary commercial corridor and a key driver of local economic activity. This well-trafficked spine benefits from strong visibility, with over 27,000 vehicles passing through daily, supporting a dynamic mix of retail and service-oriented businesses. Ongoing revitalization efforts have spurred meaningful growth, highlighted by the transformation of the former Pavilion corporate center into a modern mixed-use destination featuring residential apartments and ground-floor retail. The district is further anchored by the historic Hiway Theater, a beautifully restored cultural landmark that draws visitors and reinforces the area’s community-oriented appeal. In recent years, Jenkintown has experienced a surge in independent restaurants and boutique businesses, particularly in the “Uptown” section near Summit Avenue, contributing to a walkable, energetic environment that continues to attract both residents and visitors.MPN Realty, Inc. Is pleased to present 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.