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Key Details
Sold Price $2,800,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 15,170 sqft
Price per Sqft $184
MLS Listing ID PABU2007632
Sold Date 12/09/21
HOA Y/N N
Originating Board BRIGHT
Year Built 1987
Annual Tax Amount $28,761
Tax Year 2021
Lot Size 2.150 Acres
Acres 2.15
Lot Dimensions 282 x 337
Property Description
User or Investor Opportunity - This 15,170 SF one story office building has six tenant spaces, five of which are currently occupied and generating a "net" annual income of $136,274 ("nets" are approximately $3.10 per SF per year). One space (Suite E2 - 3750 SF) is available. That suite is being offered at $12 per SF per year plus the "nets". The property sits on 2.15 acres with 60 parking spaces and is zoned "Planned Industrial". It is located one block from Route 309 with easy access to the Lehigh Valley. The cell tower on the site is NOT INCLUDED in this offering and will be retained by the sellers. The six office suites have their own electric and gas services. restrooms and kitchen areas. This is an excellent opportunity for someone that needs to fill the back side of a 1031 Tax Free Exchange or an office user. Detailed lease information is available.
Location
State PA
County Bucks
Area Richland Twp (10136)
Zoning PI
Interior
Hot Water Multi-tank, Electric
Heating Forced Air
Cooling Central A/C, Multi Units
Flooring Carpet, Vinyl
Heat Source Natural Gas
Exterior
Garage Spaces 60.0
Utilities Available Multiple Phone Lines, Phone, Sewer Available, Water Available, Natural Gas Available, Under Ground
Water Access N
Street Surface Black Top
Accessibility 36\"+ wide Halls, Doors - Lever Handle(s), Grab Bars Mod, Level Entry - Main, No Stairs, Other Bath Mod, Vehicle Transfer Area, Wheelchair Mod
Road Frontage Boro/Township
Total Parking Spaces 60
Garage N
Building
Lot Description Corner, Level, Road Frontage
Foundation Slab
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Quakertown Community
Others
Tax ID 36-005-123-014
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional, Industrial Development Authority
Listing Terms Cash, Conventional, Industrial Development Authority
Financing Cash,Conventional,Industrial Development Authority
Special Listing Condition Standard
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Bought with Cynthia D Smith • Brode & Brooks Inc
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