$700,000
$725,000
3.4%For more information regarding the value of a property, please contact us for a free consultation.
0.5 Acres Lot
SOLD DATE : 07/15/2017
Key Details
Sold Price $700,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Langhorne Gdns
MLS Listing ID 1002603237
Sold Date 07/15/17
HOA Y/N N
Originating Board TREND
Year Built 1979
Annual Tax Amount $7,651
Tax Year 2017
Lot Size 0.502 Acres
Acres 0.5
Lot Dimensions 156X118
Property Description
5 Unit Mixed use property. Yielding 8.25% CAP rate after accounting for a 10 % Vacancy Rate. Great commercial corner property with prominent lite signage. Professional zoning. Across the street from regional shopping center, Oxford Valley Mall. Average daily traffic count over 10,000 vehicles pass this location according to Penn Dot. There are 2 buildings the main build is a converted farmhouse. It houses 3 units, 2 office units on the first floor with a shared power room. The second and third floors has a 3-4 bedroom apartment. The second building is a converted tractor barn and it has 2 units, both offered as office spaces. There is a Full Kitchen and 1 1/2 baths in this building, allowing for flexibility to be used as a residence. The main building also has a full basement, and all units have air conditioning, and all separate utilities.
Location
State PA
County Bucks
Area Middletown Twp (10122)
Zoning PROF
Rooms
Other Rooms Primary Bedroom
Interior
Hot Water Electric
Flooring Tile/Brick, Wood, Carpet
Fireplace N
Heat Source Bottled Gas/Propane
Exterior
Utilities Available Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone, Cable TV Available, Under Ground
Waterfront N
Water Access N
Roof Type Pitched,Shingle
Accessibility Mobility Improvements
Road Frontage State
Parking Type Parking Lot
Garage N
Building
Building Description Other,Plaster Walls, Kitchen
Foundation Stone, Concrete Perimeter
Sewer Public Sewer
Water Public, Well
Structure Type Other,Plaster Walls
New Construction N
Schools
School District Neshaminy
Others
Tax ID 22-044-090
Ownership Fee Simple
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Bought with Zena Charokopos • Nai Mertz Corporation
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "