1950 Street RdBensalem, PA 19020

Property Details for 1950 Street Rd

Year built

1969

Lot size

1.36 AC

Property size (Sq ft)

37,248 SF

Zone code

C

Property type

Office buildings

APN

02-039-190

APU

2039190

Description

This four-story, 34,944 square foot medical office building in Bensalem, PA, offers multiple suites ranging from 431 to 7,888 contiguous square feet. Located on 1.35 acres at 1950 Street Road, the property boasts 90+ surface parking spaces (2.5/1000 ratio) and is conveniently situated in the Lower Bucks County submarket, zoned GC - General Commercial District. Currently, 15,278 square feet are vacant, providing significant opportunity for immediate occupancy. The building features an elevator and is easily accessible from major roadways, including I-95 and the Pennsylvania Turnpike, as well as public transportation. Its location within a dense commercial corridor offers tenants and visitors access to a variety of shops and restaurants. The property's APN is 02-039-190. This is an excellent opportunity for medical practices or other professional businesses seeking a high-visibility location with ample parking and convenient access to major transportation routes. The minimum divisible space is 431 square feet. This free-standing building presents a distinguished appearance and is ideal for businesses seeking a prominent presence in a thriving commercial area.

• CAP approach

  CAP return

  Valuation

  6%

  $7,850,530

  6.5%

  $7,246,643

  7%

  $6,729,026

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,866,824

  Geo Method

  $4,866,824

• Alternative Use

  Use

  Valuation

  Residential

  $8,985,837

  Hospitality

  $8,230,978

  Educational

  $6,848,078

  Medical

  $7,083,594

  Retail

  $10,652,565

Location Insight

City

Bensalem

County

Bucks

State

Pennsylvania

Latitude

40.0968

Longitude

-74.9464

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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