1705 Langhorne Newtown RdLanghorne, PA 19047

Property Details for 1705 Langhorne Newtown Rd

Year built

1988

Property size (Sq ft)

1,056 SF

Zone code

RA2

Property type

Office properties

Property subtype

Other office properties

APN

22-005-005-003-006

APU

22005005003006

Description

This bright and beautiful 1,228 square foot end-unit office condominium is located on the second floor of the Victoria Commons Office Complex in Langhorne, PA. Situated at the corner of Route 413 and the Newtown Bypass, this property offers unparalleled access to major roadways including I-95, the Pennsylvania Turnpike, and Route 1, making commutes to Princeton, Philadelphia, Newtown, and Langhorne exceptionally convenient. The unit boasts a welcoming reception area, a dedicated conference room, three private offices, a restroom, a closet, and a utility room. Elegant hardwood floors, updated windows, and classic wainscoting enhance the professional atmosphere. Ample free parking is available on-site. Currently leased with a one-year lease and a one-year renewal option, this property provides immediate cash flow and a strong return on investment. The versatile space is suitable for a variety of professional uses, including medical, business, and educational purposes. The fully furnished condition makes this a true turnkey opportunity for immediate occupancy and functionality within a thriving business community. The property sits on a 0.03-acre lot. Priced at $195,000, this is an exceptional investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $174,588

  6.5%

  $161,158

  7%

  $149,647

• Comparable approach

  Method

  Valuation

  Relative Method

  $137,977

  Geo Method

  $137,977

• Alternative Use

  Use

  Valuation

  Residential

  $199,836

  Hospitality

  $183,049

  Educational

  $152,295

  Medical

  $157,532

  Retail

  $236,903

Location Insight

City

Langhorne

County

Bucks

State

Pennsylvania

Latitude

40.2156

Longitude

-74.9301

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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