3488 York RdFurlong, PA 18925

  • Office properties
  • 4,462 SF
For Sale
$2,475,000 View listing

Property Details for 3488 York Rd

Year built
1947
Lot size
3.11 AC
Property size (Sq ft)
4,462 SF
Zone code
VC2
Property type
Office properties
Property subtype
Office buildings
APN
06-008-017
APU
6008017

Description

This exceptional commercial investment opportunity in Buckingham Township, PA, presents a rare chance to acquire a fully leased, high-visibility property. Situated on a prominent corner lot at the intersection of Rt. 263 (York Road) and Edison Furlong Road, this property boasts exceptional daily traffic counts, ensuring strong tenant appeal and consistent income. The property comprises two well-maintained buildings totaling 11,074 square feet, situated on a spacious 3.11-acre lot. Ample parking is available, accommodating up to 60 vehicles, with convenient access from two entry/exit points. Both buildings feature newer roofs, and the property benefits from public water access. The VC2 zoning designation allows for a variety of uses. Currently, the property is fully leased to established businesses, providing immediate and stable cash flow. This turnkey investment offers the security of long-term tenants and guaranteed rental income from day one. Its strategic location offers easy access to Doylestown, New Hope, Newtown, and Warminster, further enhancing its appeal and investment potential. This is a truly exceptional opportunity for investors seeking a stable, high-return commercial property with minimal management requirements.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,108,430
    6.5%
    $1,023,166
    7%
    $950,083
  • Comparable approach

    Method
    Valuation
    Relative Method
    $586,924
    Geo Method
    $583,005
  • Alternative Use

    Use
    Valuation
    Residential
    $1,268,726
    Hospitality
    $1,162,146
    Educational
    $966,892
    Medical
    $1,000,145
    Retail
    $1,504,054
3488 York Rd, Furlong, Pennsylvania

Location Insight

City
Furlong
County
Bucks
State
Pennsylvania
Latitude
40.2954
Longitude
-75.0831
CBSA code
37980
CBSA name
PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$14,239
$37,920
$49,540
$87,460
-
$519,450
$678,627
$1,198,077

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