For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $1,200,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 5,921 sqft
Price per Sqft $202
MLS Listing ID PABU2051046
Sold Date 11/15/23
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $11,031
Tax Year 2023
Lot Size 1.000 Acres
Acres 1.0
Lot Dimensions 0.00 x 0.00
Property Description
Investor Opportunity Awaits, a 3 unit updated commercial building in Bensalem Twp, a short drive from Interstate 95 and Street Road. Potential 7% cap rate +. Lease gross income is $104,792.40 yearly. Yearly estimated expenses about $15,000 includes taxes, insurance, snow removal and maintenance. Long-term occupants include World of Animals (well established vet), AirGas Distribution Center and Tattoo Design Studio. There are a total of two buildings. Buildings are very well kept, bright and clean as evidenced by photos. The first building which was built in the 1850's has been recently renovated, this 2-story building with basement houses World of Animals (vet, 2000 sq ft above grade with about 1000 sq ft in basement which is partially finished). The newer buildering with flat roofing system houses Airgas Distribution Center (2080 sq ft), has been a long-term tenant of about 40 years and the Tattoo Design Studio (1841 sq ft). That building totals about 3921 sq ft. Plenty of parking for all three businesses. Businesses are NOT for sale just the buildings. Both buildings are all on one tax parcel number. This location NOT to be confused with Bristol ROAD because public records have it noted incorrectly. Copies of leases available for serious, qualified buyers. Property is being sold in current condition. Showing times limited to Tuesday or Thursday 1pm-4pm if showing appointment wants to include all three units, tenants will be present for all showings. AirGas would need to be first appt shown if appointment is scheduled at 4pm. Please view online videos, floor plans and 3D tours. Bristol Pike also known as Rt 13.
Location
State PA
County Bucks
Area Bensalem Twp (10102)
Zoning COMMERCIAL
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Flooring Tile/Brick, Vinyl, Engineered Wood
Equipment None
Heat Source Natural Gas
Exterior
Garage Spaces 30.0
Water Access N
Roof Type Architectural Shingle,Flat,Pitched,Rubber
Street Surface US Highway/Interstate
Accessibility None
Road Frontage State
Total Parking Spaces 30
Garage N
Building
Foundation Stone, Slab
Sewer Public Sewer
Water Public
New Construction N
Schools
High Schools Bensalem Township
School District Bensalem Township
Others
Tax ID 02-075-001
Ownership Fee Simple
SqFt Source Estimated
Security Features Fire Detection System
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Laura J Dau • EXP Realty, LLC