101 Washington StMorrisville, PA 19067

  • Office buildings
  • 13,090 SF
For Lease
$20/SF/YR View listing

Property Details for 101 Washington St

Year built
1987
Lot size
0.30 AC
Property size (Sq ft)
13,090 SF
Zone code
C1
Property type
Office buildings
APN
24-009-289
APU
24009289

Description

This exceptional two-story, 12,000 square foot Class B office building, renovated in 2021, is located at 101 Washington Street, Morrisville, PA 19067, near the cross street of 101 Washington Street. The property boasts 27 individual suites, perfect for a variety of businesses, ranging from 100 to 2,500 contiguous square feet. Ideal for entrepreneurs and smaller businesses seeking a unique and collaborative environment, this building offers a thriving community atmosphere. The flexible space caters to diverse needs, including creative offices, coworking spaces, salons, photography studios, and general office uses. With ample parking (25 spaces) and a C2 zoning designation, this property presents a rare opportunity in the Bucks County submarket. The building is comprised of one building with no elevators. The minimum divisible space is 100 square feet. This is a multi-tenant building with a unique character, unlike any other in the area. It's the perfect solution for businesses seeking a space beyond the confines of a home office or traditional office setting. The property is situated in a prime location within Bucks County, Pennsylvania.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,164,168
    6.5%
    $1,997,694
    7%
    $1,855,001
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,710,339
    Geo Method
    $1,710,339
  • Alternative Use

    Use
    Valuation
    Residential
    $2,477,140
    Hospitality
    $2,269,047
    Educational
    $1,887,820
    Medical
    $1,952,745
    Retail
    $2,936,610

Location Insight

City
Morrisville
County
Bucks
State
Pennsylvania
Latitude
40.2077
Longitude
-74.7743
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
$33,304
$7,960
$95,480
$103,440
-
$109,041
$1,307,940
$1,416,981

FAQs

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