1858 Street RdBensalem, PA 19020

Property Details for 1858 Street Rd

Year built

1939

Lot size

3.42 AC

Property size (Sq ft)

64,400 SF

Zone code

R1

Property type

Retail properties

Property subtype

Turn key restaurants

APN

02-043-095

APU

2043095

Description

This exceptional 64,400 square foot, two-story commercial property presents a unique investment opportunity in Bensalem, Pennsylvania. Currently vacant, this mixed-use building, zoned G-C General Commercial, offers significant potential for redevelopment or repurposing. Situated on a 3.42-acre lot, the property boasts ample parking with space for over 500 vehicles. Its previous use as a restaurant, banquet hall, and entertainment complex highlights its adaptability to a variety of commercial ventures. The property enjoys a highly visible location with a daily traffic count of 33,227 vehicles. The property features one unit across two stories and includes a parcel ID of 02-043-095. 2022 property taxes totaled $47,782. A virtual tour is available online. This prime location in Bucks County, Pennsylvania, offers easy access to major transportation routes and a thriving suburban market. The substantial size and versatile zoning make this property ideal for a wide range of commercial uses. Don't miss this chance to acquire a significant commercial asset in a high-traffic area.

• CAP approach

  CAP return

  Valuation

  6%

  $19,954,252

  6.5%

  $18,419,310

  7%

  $17,103,644

• Comparable approach

  Method

  Valuation

  Relative Method

  $21,204,550

  Geo Method

  $21,204,550

• Alternative Use

  Use

  Valuation

  Residential

  $15,537,377

  Hospitality

  $14,232,153

  Educational

  $11,840,985

  Medical

  $12,248,214

  Retail

  $18,419,310

Location Insight

City

Bensalem

County

Bucks

State

Pennsylvania

Latitude

40.095

Longitude

-74.9449

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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