640 Lincoln HwyLanghorne, PA 19047

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

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.

• 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

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