975 2Nd Street PikeRichboro, PA 18954

Property Details for 975 2Nd Street Pike

Year built

1900

Lot size

0.50 AC

Property size (Sq ft)

2,568 SF

Zone code

C2

Property type

Office properties

Property subtype

Office buildings

APN

31-009-033

APU

31009033

Description

This exceptional commercial space, located at 975 2nd Street Pike Unit H in Richboro, Pennsylvania, offers a unique opportunity for businesses seeking high visibility and convenient access. Currently configured with one 3rd-floor room, this listing also includes an additional room available for rent, providing flexibility to suit various business needs. The building enjoys a prime location directly across from a newly constructed Dunkin' Donuts and McDonald's, ensuring high foot traffic and excellent brand exposure. Second Street Pike boasts a daily traffic count exceeding 10,000 vehicles, guaranteeing significant visibility for your business. The property's versatile layout allows for expansion, with two additional rooms available for lease should your business require more space. The building's diverse tenant mix includes a reputable title company on the lower level and a music teacher on the upper level, creating a vibrant and professional atmosphere. A significant advantage is the absence of common area maintenance (CAM) charges. Utility costs are shared proportionally based on square footage, encompassing only gas and water expenses. This makes budgeting predictable and transparent. This is an exceptional opportunity to establish your business in a thriving, high-traffic location with minimal overhead.

• CAP approach

  CAP return

  Valuation

  6%

  $424,567

  6.5%

  $391,908

  7%

  $363,915

• Comparable approach

  Method

  Valuation

  Relative Method

  $335,535

  Geo Method

  $335,535

• Alternative Use

  Use

  Valuation

  Residential

  $485,966

  Hospitality

  $445,142

  Educational

  $370,353

  Medical

  $383,090

  Retail

  $576,105

Location Insight

City

Richboro

County

Bucks

State

Pennsylvania

Latitude

40.214

Longitude

-75.0102

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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