1020 Lincoln Avenue Prospect Park, PA 19076

This property features a long-established and thriving bakery business in Delaware County. The sale includes a 5,600 square foot building with a long-term (10 year) NN lease featuring 3% annual increases, plus two apartments. The gross initial income from the building will be $96,000. The family-owned and operated bakery business has over 50 years of experience. The building is in excellent condition, with the bakery occupying the entire first floor and part of the second floor. Two fully furnished apartments are occupied by long-term tenants. The property is located on heavily traveled Route 420, the main street for Prospect Park, with 12,000 average daily traffic (ADT), and 24,000 ADT on Chester Pike. The location offers excellent demographics, with 128,640 people within a 3-mile radius and an average household income of $81,090. The property is located just off Route 95 and Route 476, providing easy access to the entire Delaware Valley. The apartments are often occupied by airline pilots and employees due to their proximity to the Philadelphia Airport. The bakery business currently grosses $22,000 per week. This could be a good investment with a brand new long-term lease commencing at settlement.