640 Lincoln HwyLanghorne, PA 19047

  • Retail properties
  • 3,686 SF
For Sale
$1,800,000 View listing

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
640 Lincoln Hwy, Langhorne, Pennsylvania

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$23,782
$62,800
$46,440
$109,240
-
$860,270
$636,162
$1,496,432

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