222 Bridge StMorrisville, PA 19067
- Retail properties
- 13,330 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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