For Sale
$179,900

853 2Nd Street PikeRichboro, PA 18954

Leased Medical Office, Strong ROI Potential

Overview

Added:
Feb 3
Days on market:
61
This exceptional investment opportunity presents a 1,396 square foot medical office condo located at 853 Second Street Pike in Richboro, Pennsylvania. Currently leased until November 2028, with a built-in option to extend, this property offers a secure and stable income stream. The lease includes a minimal annual rent increase of 4%, ensuring consistent growth in rental income. The unit itself comprises 1,396 square feet and includes a portion of the common hallway. This is a turnkey investment, requiring minimal management. The property is ideally suited for investors seeking a reliable, long-term return. Condo fees are structured at $2.75 per square foot, billed semi-annually, providing transparency in ongoing costs. The asking price for this prime medical office space is $179,900. Given the existing lease and projected rental increases, this property represents a compelling investment opportunity in a desirable location. The long-term lease significantly mitigates vacancy risk, making this an attractive option for investors seeking passive income and capital appreciation. Detailed financial projections are available upon request. This is a rare chance to acquire a well-located, income-producing asset with a proven track record. Serious inquiries only.

Property Details for 853 2Nd Street Pike

Property type
Office properties
Square Feet
1,396 SF
Year Built
1984

Location Insight

City
Richboro
County
Bucks
State
Pennsylvania
Latitude
40.20994
Longitude
-75.01221
853 2Nd Street Pike, Richboro, Pennsylvania

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853 2Nd Street Pike
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