640 Lincoln HwyLanghorne, PA 19047
- Retail properties
- 3,686 SF
Property Details for 640 Lincoln Hwy
- Year built
- 1973
- Lot size
- 0.96 AC
- Property size (Sq ft)
- 3,686 SF
- Zone code
- C
- Property type
- Retail properties
- Property subtype
- Drive through restaurants
- APN
- 22-041-026
- APU
- 22041026
Description
This 3,686 sq ft vacant restaurant building in Langhorne, PA, is situated on a one-acre lot along heavily trafficked Route 1 (Lincoln Highway), boasting 19,251 vehicles per day. Formerly a Denny's, this property offers a fully equipped kitchen, ideal for a restaurant owner/user or developer. Located near Langhorne Square Shopping Center (anchored by Redners, Planet Fitness, and Floor & Décor) and across from Lowe's, it benefits from a dense population (87,427 within three miles) with a high average household income ($130,612). The property features 28 dedicated parking spaces and multiple points of ingress/egress, ensuring easy access. With its prime location, high visibility, and existing infrastructure, this property presents a significant opportunity. The asking price is $1,800,000, translating to $488.33 per square foot. Built in 1973, the single-story building is zoned for commercial use. The property is currently vacant, with an occupancy date of July 29, 2024.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $895,827
- 6.5%
- $826,917
- 7%
- $767,851
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,213,664
- Geo Method
- $1,213,664
-
Alternative Use
- Use
- Valuation
- Residential
- $697,535
- Hospitality
- $638,939
- Educational
- $531,589
- Medical
- $549,872
- Retail
- $826,917
Location Insight
- City
- Langhorne
- County
- Bucks
- State
- Pennsylvania
- Latitude
- 40.1642
- Longitude
- -74.9047
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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