315 State StDoylestown, PA 18901

Property Details for 315 State St

Year built

1965

Lot size

1.05 AC

Property size (Sq ft)

7,904 SF

Zone code

R3

Property type

Office buildings

APN

08-003-003-001

APU

8003003001

Description

This exceptional investment opportunity presents a 7,886 square foot, two-story medical office building situated on a 1.05-acre lot in Doylestown, Pennsylvania. Built in 1965 and renovated in 2011, the property boasts a single tenant, providing a stable income stream. Located at 315 W State St, this building enjoys high visibility on a major thoroughfare, offering convenient access to Routes 611 and 202. Its prime location within Doylestown's medical hub, adjacent to Doylestown Hospital, ensures strong tenant demand. The property features an elevator, ample on-site parking for approximately 52 cars, and prominent monument signage. The asking price is $2,250,000. Zoned R3-Residential District (non-conforming), this asset benefits from a strong local demographic with a median household income exceeding $145,000 within a 5-mile radius. The building's central Bucks County location, approximately 20 miles north of Philadelphia, PA, further enhances its appeal. This is a rare opportunity to acquire a well-maintained, income-producing medical office building in a thriving market. The property offers a stable investment with potential for future revenue growth. The building has two levels, each with ground-level entry. The APN is 08-003-003-001.

• CAP approach

  CAP return

  Valuation

  6%

  $1,963,476

  6.5%

  $1,812,440

  7%

  $1,682,980

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,039,678

  Geo Method

  $1,032,737

• Alternative Use

  Use

  Valuation

  Residential

  $2,247,425

  Hospitality

  $2,058,629

  Educational

  $1,712,755

  Medical

  $1,771,660

  Retail

  $2,664,286

Location Insight

City

Doylestown

County

Bucks

State

Pennsylvania

Latitude

40.3061

Longitude

-75.1426

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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