- For Sale $9,500,000
- Property Type Other
- Property Size 30,800 SF
- Units 28
- Year Built 2024
- Date Updated Apr 26, 2024
- Website 905forestlane.sharplaunch.com
Alcove at Forest Lane is a newly constructed residential community situated off Main Street (Route 73) in Schwenksville, Montgomery County, Pennsylvania. The community is set on ±2.7-acres with beautiful landscaped grounds.
The property consists of (28) two-bedroom/two-bath units averaging 1,100 square feet. The spacious, open units feature stainless steel appliances, granite counters, a kitchen island, hardwood and tile floors, an in-unit washer and dryer, individual HVAC, and high-end finishes. The tenants enjoy on-site storage facilities, a bike room, off-street parking, and modern security features as well as a private patio or balcony which is unique to this market.
The property is situated within the highly sought-after Borough of Schwenksville. The Alcove at Forest Lane offers residents easy access to local businesses, schools, parks, and entertainment venues. Its proximity to major transportation routes such as Routes 422, 113, and Interstate 476 (the Pennsylvania Turnpike) enhances its appeal to renters seeking convenience and connectivity. For families, there is the added benefit that the property is located in the boundaries of the top-ranked Perkiomen Valley School District which was recently recognized by NICHE as the 31st-ranked school district in the State of Pennsylvania (496 Districts polled).
The Alcove at Forest Lane offers investors the opportunity to purchase the only newly constructed multifamily property built within the last 20 years in the Borough of Schwenksville. With a household income averaging $145,000 (within a five-mile radius of the property), there will be strong demand for apartments of this caliber given the lack of new supply.
The Alcove at Forest Lane is an exceptional investment opportunity for commercial real estate investors seeking growth and stability.
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Attachments
Highlights
- New Construction: 2.68-Acre Site; Turnkey Opportunity; Little to No Deferred Maintenance
- Desirable Unit Mix: (28) Two-Bedroom/Two-Bath Units; 1,100 SF Average Unit Size
- High-End Premium Finishes: Granite Counters, Kitchen Island, In-Unit Washer/Dryer, Private Balcony or Patio, Individual HVAC, and Private Parking
- Excellent Location: Top-Rated School District; Proximity to Cafes, Restaurants and Essential Shopping; Access to Perkiomen Trail and Other Parks
- Access to Major Roadways: Main Street/Skippack Pike (Route 73), Routes 422 and 113, Interstate-476 (Pennsylvania Turnpike), and Interstate-76 (Schuylkill Expressway)
- Proximity to Major Employment Centers: King of Prussia, Plymouth Meeting, Willow Grove, Conshohocken, Doylestown, Blue Bell/Ambler, and Philadelphia All Within 35 Miles
False
Contacts
Location
Getting Around
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Walk Score ®
46/100
Car-Dependent
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Bike Score ®
29/100
Somewhat Bikeable
- City Schwenksville, PA
- Zip Code 19473
- Market Philadelphia
Points of Interest
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Lansdale
9.66 miles
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9th Street
9.95 miles
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Pennbrook
9.95 miles
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Wawa
1.63 miles
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Giant
3.32 miles
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BP
3.33 miles
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Wawa
3.37 miles
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Sunoco
3.45 miles
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Wawa
3.57 miles
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Oehlert
3.83 miles
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Exxon
3.93 miles
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Getty
4.14 miles
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Exxon
4.35 miles
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Perkiomen Trail Parking
0.22 miles
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Perkiomen Trail Cedar Road Trailhead
0.64 miles
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Perkiomen Trail Parking
1.37 miles
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Perkiomen Trail Parking
1.46 miles
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Perkiomen Trail Hollywood Trailhead
2.10 miles
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Perkiomen Trail Parking
2.52 miles
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Perkiomen Trail Graterford Trailhead
2.80 miles
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Perkiomen Trail Rahns Trailhead
3.34 miles
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Skippack Trails Parking
3.83 miles
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Perkiomen Trail Crusher Road Trailhead
4.59 miles
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Joe's Spring Mount Hotel
1.44 miles
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Holiday Inn Express
5.20 miles
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Staybridge Suites
5.30 miles
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Courtyard by Marriott
6.71 miles
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Courtyard by Marriott Lansdale
6.73 miles
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Residence Inn
6.75 miles
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Days Inn
8.23 miles
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Three Daughters Inn
8.51 miles
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Hampton Inn & Suites Valley Forge/Oaks
8.61 miles
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Hilton Garden Inn - Valley Forge/Oaks
8.77 miles
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Base Lodge
1.44 miles
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Johnny's Pizza
1.45 miles
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Vincent's Pizzeria & Grill
2.73 miles
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McDonald's
3.27 miles
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Dunkin' Donuts
3.34 miles
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Sonic
3.35 miles
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Sunshine Cafe
3.36 miles
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California Tortilla
3.41 miles
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Pizza Hut
3.42 miles
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Barrister's Bagels
3.42 miles
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Schwenksville Elementary School
0.47 miles
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Western Center for Technical Studies
2.60 miles
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New Boys Life Ranch School
2.74 miles
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Evans Elementary School
2.86 miles
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New Life School
2.89 miles
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Skippack School
3.63 miles
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South Elementary School
3.87 miles
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Salford Hills Elementary School
4.05 miles
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Oak Ridge Elementary School
4.26 miles
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Ursinus College
4.31 miles
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The Goddard School
1.06 miles
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Kiddie Academy
2.44 miles
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New Hanover Child Care
3.29 miles
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The Goddard School
6.84 miles
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New Hanover Child Care Ltd
7.01 miles
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Ducklings Early Learning Center
7.09 miles
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Center Point Pond
7.52 miles
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Little Faces Learning Cente
8.13 miles
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The Malvern School of Oaks
8.30 miles
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Bright Horizons at Collegeville
8.33 miles
Frequently Asked Questions
What is the lease rate for 905 Forest Lane?
Rental asking rate at 905 Forest Lane is $4,750,000.00/YR.
What is the total square footage of 905 Forest Lane?
905 Forest Lane totals 30,800 square feet.
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