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Call for price

75 James WaySouthampton, PA 18966

33,000 SF Vacant Medical Office, Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 33,000 square foot vacant medical office building presents a compelling value-add redevelopment opportunity in Southampton, Pennsylvania. Located on a 3.02-acre lot at a signalized intersection of James Way and County Line Road, this two-story, Class C building offers unparalleled visibility and accessibility. The property boasts 114 parking spaces and benefits from its proximity to the PA Turnpike (I-276), boasting 87,000 AADT, providing excellent signage opportunities. Its strategic location near local hospitals, such as Jefferson Health - Warminster Hospital (2.3 miles), and numerous retailers (Chick-fil-A, Starbucks, LA Fitness, Giant, etc.) ensures high traffic and strong potential for tenant attraction. Built in 1990, the property is zoned for Limited Industrial District (LI), allowing for a variety of retail or healthcare uses. A significant advantage is the potential for substantial cost savings in redevelopment compared to new construction, estimated at approximately $6 million by Benchmark Construction. Furthermore, Pennsylvania Sites & RACP grant monies may be available for a medical redevelopment project. The property is currently vacant with an occupancy date of October 3, 2024. This distressed sale offers a unique chance to capitalize on a prime location and significant redevelopment potential. The property's APN is 48-011-004-003.

Highlights

  • 33,000 SF vacant medical office building on a 3.02-acre lot in Southampton, PA.
  • Redevelopment opportunity offering significant cost savings compared to new construction; Benchmark Construction analysis available.
  • By-right zoning permits various retail and healthcare uses.
  • High-traffic location at a signalized intersection with excellent visibility from I-276/PA Turnpike.
  • Proximity to hospitals and numerous retail amenities.
  • Eligible for PA Sites & RACP grant funding for medical redevelopment.

Property Details for 75 James Way

Property type
Specialty properties, Office properties
Square Feet
33,000 SF
Class
C
Year Built
1990
Buildings
1
Stories
2
Lot Size (sq. ft)
131,551 SF

Location Insight

City
Southampton
County
Bucks
State
Pennsylvania
Latitude
40.164570072214
Longitude
-75.058125437269
75 James Way, Southampton, Pennsylvania

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75 James Way
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