$414,750
$449,900
7.8%For more information regarding the value of a property, please contact us for a free consultation.
7,050 Sqft Lot
SOLD DATE : 07/18/2018
Key Details
Sold Price $414,750
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Upper Southampton
MLS Listing ID 1004452523
Sold Date 07/18/18
HOA Y/N N
Originating Board TREND
Year Built 1985
Annual Tax Amount $6,445
Tax Year 2018
Lot Size 7,050 Sqft
Acres 0.16
Lot Dimensions 50X141
Property Description
Four, fully occupied professional office units in renovated office building on the highly traveled Street Road corridor in Bucks County, PA! This is an incredible opportunity to own the building in which you work, or a great commercial rental investment property. Located within minutes of major access roads, including Interstate 95, the PA Turnpike entrance, Route 1 (Roosevelt Blvd), Route 611 and Second Street Pike. Plenty of private off-road parking behind the office building included. The four office rentals currently total $3950 per month. New owner could INSTANTLY generate $47,400 rental income yearly with current full occupancy. Lovely entrance into this professional space makes for a "great first impression". As you enter the building through the side entry take 7 steps up to the first set of office suites, labeled 100 and 101. Four office suites total (two per floor), each with its own private bathroom, at least two conference rooms, open space, private entrance, cathedral ceilings and sky lights (top floor only) and separate utilities, including central air. State-of-the-art building! Welcoming entrance ways and halls to each office suite, new lighting and stylish blinds/window coverings. A very bright, clean and cheerful working environment with access to outdoor decks on each floor. 2 Ground-level storage areas are currently unoccupied, but have been rented in the past for $650+ a month. No space is wasted. All office suites offer cable and are high speed internet ready with great cell phone reception. This property easily can be made handicap accessible with a stair lift system, no elevator. Copies of current leases available to serious buyers only. Above average overall condition, the previous owner provided a capital improvement of $80,000 the later part of 2013. Photos were taken prior to total office occupancy. Now is the time to invest in real estate! Don't miss this outstanding opportunity!
Location
State PA
County Bucks
Area Upper Southampton Twp (10148)
Zoning CC
Rooms
Other Rooms Primary Bedroom
Interior
Hot Water Electric
Flooring Carpet, Vinyl
Fireplace N
Exterior
Utilities Available Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone, Cable TV Available
Waterfront N
Water Access N
Roof Type Pitched,Shingle
Accessibility None
Road Frontage State
Parking Type Parking Lot
Garage N
Building
Building Description Other, Fire Escape,Security System
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Structure Type Other
New Construction N
Schools
School District Centennial
Others
Tax ID 48-013-003
Ownership Fee Simple
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Bought with Sharon Spadaccini • BHHS Fox & Roach-New Hope
“Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”