862 2Nd Street PikeRichboro, PA 18954

Property Details for 862 2Nd Street Pike

Year built

1890

Construction

FRAME

Lot size

0.67 AC

Property size (Sq ft)

1,536 SF

Zone code

C2

Property type

Office properties

Property subtype

Office buildings

APN

31-018-006

APU

31018006

Description

This exceptional 0.67-acre commercial land parcel is ideally situated at 862 Second Street Pike in Richboro, Pennsylvania, zip code 18954. The property offers excellent visibility and accessibility from a major thoroughfare, boasting strong daytime and residential population density. The asking price is $1,100,000. This versatile site presents a unique opportunity for various commercial ventures. Potential uses include, but are not limited to, restaurants, medical facilities, office spaces, or retail establishments. The property owner is open to considering build-to-suit options, providing flexibility for prospective buyers or tenants to tailor the development to their specific needs. The location in Bucks County, Pennsylvania, offers a thriving business environment and a strong local community. The property's size and location make it an attractive investment opportunity for developers and businesses seeking a prominent presence in a desirable area. Full access is provided directly from Second Street Pike, ensuring convenient access for customers and employees. Serious inquiries are encouraged to explore this exceptional commercial land opportunity further.

• CAP approach

  CAP return

  Valuation

  6%

  $253,947

  6.5%

  $234,412

  7%

  $217,669

• Comparable approach

  Method

  Valuation

  Relative Method

  $200,694

  Geo Method

  $200,694

• Alternative Use

  Use

  Valuation

  Residential

  $290,671

  Hospitality

  $266,253

  Educational

  $221,520

  Medical

  $229,138

  Retail

  $344,586

Location Insight

City

Richboro

County

Bucks

State

Pennsylvania

Latitude

40.2106

Longitude

-75.0127

CBSA code

37980

CBSA name

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

Property Tax & Assessments

FAQs

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