2260 State RdBensalem, PA 19020

Property Details for 2260 State Rd

Year built

1970

Lot size

5.06 AC

Property size (Sq ft)

65,200 SF

Zone code

M2

Property type

Warehouses

APN

02-065-015-001

APU

2065015001

Description

This exceptional two-story office building, located at 2260 State Road in Bensalem, Pennsylvania, offers 94,280 square feet of traditional office space. Built in 1944 and renovated in 1970, the property features a single, large suite currently configured for multiple tenants. The building sits on a sizable lot and provides ample parking with 75 spaces available. The zoning is R-55. Currently, there is 8,424 square feet of office space available for lease on the second floor. This space is highly adaptable

• CAP approach

  CAP return

  Valuation

  6%

  $26,336,800

  6.5%

  $24,310,900

  7%

  $22,574,400

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,630,500

  Geo Method

  $13,630,500

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $12,557,900

  Mixed-Use / Specialty

  $12,585,100

  Hospitality / Lodging

  $9,327,010

  Office

  $12,585,300

  Institutional / Educational

  $13,109,100

  Residential Income

  $15,337,700

  Multifamily

  $17,996,100

  Automotive / Energy

  $11,236,400

  Parking / Income-Based Land

  $3,806,420

  Restaurant / Food Service

  $6,699,250

  Healthcare / Senior Housing

  $12,831,900

Location Insight

City

Bensalem

County

Bucks

State

Pennsylvania

Latitude

40.0704

Longitude

-74.9447

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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