222 Bridge StMorrisville, PA 19067

  • Retail properties
  • 13,330 SF
For Sale
$3,500,000 View listing

Property Details for 222 Bridge St

Year built
1921
Lot size
0.58 AC
Property size (Sq ft)
13,330 SF
Zone code
R2
Property type
Retail properties
Property subtype
Retail space
APN
24-009-229
APU
24009229

Description

This exceptional 16,675 square foot flex/warehouse/retail building in Morrisville, Pennsylvania, presents a compelling investment opportunity. Located at 222 East Bridge Street, this property boasts a stunning waterfront location on Bridge Street and offers immediate cash flow potential with existing tenants, including a dental office, wellness/smoke shop, regional warehousing operation, and an auto mechanic. Alternatively, the building can be delivered vacant, providing flexibility for a new owner or user. The property features a renovated retail storefront and adaptable drive-in flex/warehouse space, making it suitable for a variety of uses. Its prime location in Lower Bucks County provides easy access to major transportation arteries, including I-276, Route 1, and I-95, as well as New Jersey. The asking price is $3,500,000, translating to $209.90 per square foot. This versatile property offers significant potential for value-add investors or owner-users seeking a unique combination of retail, warehouse, and waterfront appeal. The property is currently vacant, but the existing tenants could provide immediate cash flow. The building's adaptable design and prime location make it an ideal investment with strong future development potential. The 19067 zip code ensures convenient access to a range of amenities and services. This is a rare opportunity to acquire a unique and well-positioned commercial property in a thriving market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,239,655
    6.5%
    $2,990,451
    7%
    $2,776,848
  • Comparable approach

    Method
    Valuation
    Relative Method
    $4,389,078
    Geo Method
    $4,389,078
  • Alternative Use

    Use
    Valuation
    Residential
    $2,522,557
    Hospitality
    $2,310,649
    Educational
    $1,922,433
    Medical
    $1,988,548
    Retail
    $2,990,451
222 Bridge St, Morrisville, Pennsylvania

Location Insight

City
Morrisville
County
Bucks
State
Pennsylvania
Latitude
40.2105
Longitude
-74.7712
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
$29,118
$25,120
$65,320
$90,440
-
$344,108
$894,791
$1,238,899

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