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The Oldies.com property in West Conshohocken has been sold to a developer

The site will be marketed for lease as premium industrial space with high visibility, Velocity Venture Partners said.

The Oldies.com building as seen from Interstate 476 in West Conshohocken.
The Oldies.com building as seen from Interstate 476 in West Conshohocken.Read moreGoogle

The 56,000-square-foot industrial property recognizable by motorists on Interstate 476 as the Oldies.com building in West Conshohocken has been sold to Velocity Venture Partners, the developer announced Monday.

Velocity, a firm based in Bala Cynwyd, said it intended to market the site for lease as a premium industrial space with high visibility. More than 115,000 vehicles pass by the building daily, the firm said in a statement.

The site, located at 60 Portland Rd., is located just north on the I-476 interchange with the Schuylkill Expressway and east of King of Prussia.

» READ MORE: If you like oldies music and classic movies, get to know Oldies.com

The Philadelphia Business Journal reported that Velocity acquired the site for $7.85 million. Oldies.com last year made the property available because it needed far less space for its business, the Journal reported.

Velocity Venture Partners is a developer of industrial real estate with a portfolio of more than 100 buildings.

Oldies.com is a family-owned business that sells vinyl records, DVDs, and other collectibles through its website and catalogs.