1703 Langhorne Newtown RdLanghorne, PA 19047

Property Details for 1703 Langhorne Newtown Rd

Year built

1987

Property size (Sq ft)

882 SF

Zone code

RA2

Property type

Office properties

Property subtype

Other office properties

APN

22-005-005-001-003

APU

22005005001003

Description

This well-maintained 1,264 square foot office building in Langhorne, PA, presents a fantastic investment opportunity. Located at 1703 Langhorne Newtown Road, Unit 5, the property sits on a 0.03-acre lot and offers convenient parking directly adjacent to the entrance. The interior boasts a spacious reception/waiting area, three private offices (one extra-large and two medium-sized), and a single bathroom. Multiple closets provide ample storage space. The property is currently generating a gross monthly rental income between $1,700 and $1,900, translating to an annual income potential of up to $22,800. One office is currently leased for $825 per month. The building is zoned for a variety of professional uses, including medical, professional, business, government offices, educational uses, and community buildings. This makes it an ideal investment for those seeking a stable income stream with diverse tenant possibilities. The property's prime location and excellent condition make it a highly attractive proposition for both owner-occupiers and investors. The asking price is $190,000. Don't miss this chance to acquire a profitable and versatile commercial property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $145,821

  6.5%

  $134,604

  7%

  $124,989

• Comparable approach

  Method

  Valuation

  Relative Method

  $115,242

  Geo Method

  $115,242

• Alternative Use

  Use

  Valuation

  Residential

  $166,909

  Hospitality

  $152,888

  Educational

  $127,201

  Medical

  $131,575

  Retail

  $197,868

Location Insight

City

Langhorne

County

Bucks

State

Pennsylvania

Latitude

40.2154

Longitude

-74.9302

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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