853 2Nd Street PikeRichboro, PA 18954

Property Details for 853 2Nd Street Pike

Year built

1983

Property size (Sq ft)

1,485 SF

Zone code

C2

Property type

Office properties

APN

31-018-017-00A-001

APU

3101801700A001

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $245,515

  6.5%

  $226,629

  7%

  $210,441

• Comparable approach

  Method

  Valuation

  Relative Method

  $194,030

  Geo Method

  $194,030

• Alternative Use

  Use

  Valuation

  Residential

  $281,020

  Hospitality

  $257,413

  Educational

  $214,164

  Medical

  $221,530

  Retail

  $333,145

Location Insight

City

Richboro

County

Bucks

State

Pennsylvania

Latitude

40.2099

Longitude

-75.0123

CBSA code

37980

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].