1703 Langhorne Newtown Rd Langhorne, PA 19047-1082
- Office Properties & Spaces
- 882 SF
Current Use by Public Records
- Newtown Medical Group / Medical Group
- YOUR SENIOR SAVIOR, LLC / Insurance Agency
- Sharon Miller / Nurse Practitioner / General Practitioner
- Kind Mind Therapy & Wellness / Wellness Center
- SMA 55 / Doctor
Property Details for 1703 Langhorne Newtown Rd
- Year built
- 1987
- Property size
- 882 SF
- Zone code
- RA2
- Property type
- Office Properties & Spaces
- APN
- 22-005-005-001-003
- APU
- 22005005001003
Description
This well-maintained 1,264 square foot office building in Langhorne, PA, presents a fantastic investment opportunity. Located at 1703 Langhorne Newtown Road, Unit 5, the property sits on a 0.03-acre lot and offers convenient parking directly adjacent to the entrance. The interior boasts a spacious reception/waiting area, three private offices (one extra-large and two medium-sized), and a single bathroom. Multiple closets provide ample storage space. The property is currently generating a gross monthly rental income between $1,700 and $1,900, translating to an annual income potential of up to $22,800. One office is currently leased for $825 per month. The building is zoned for a variety of professional uses, including medical, professional, business, government offices, educational uses, and community buildings. This makes it an ideal investment for those seeking a stable income stream with diverse tenant possibilities. The property's prime location and excellent condition make it a highly attractive proposition for both owner-occupiers and investors. The asking price is $190,000. Don't miss this chance to acquire a profitable and versatile commercial property in a desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $270,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $190,000
- 6.5%
- $190,000
- 7%
- $205,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $215,000
- Geo Method
- $230,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $205,000
- Retail
- $175,000
- Mixed-Use
- $215,000
- Hospitality
- $210,000
- Educational
- $190,000
- Residential Income
- $230,000
- Energy
- $225,000
- Income-Based Land
- $235,000
- Food Service
- $185,000
Location Insight
- Map
- Local Demand
- City
- Langhorne
- County
- Bucks
- State
- Pennsylvania
- Longitude
- -74.9302
- Latitude
- 40.2154
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA