Technical
Financial
Distress signals
Property profile

975 2nd St Pike Richboro, PA 18954

OFF-MARKET
Office buildings
Property ID
US73-0115031
2,568 SF 0.5 ac lot Built 1900
Entity Owned 12-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial space, located at 975 2nd Street Pike Unit H in Richboro, Pennsylvania, offers a unique opportunity for businesses seeking high visibility and convenient access. Currently configured with one 3rd-floor room, this listing also includes an additional room available for rent, providing flexibility to suit various business needs. The building enjoys a prime location directly across from a newly constructed Dunkin' Donuts and McDonald's, ensuring high foot traffic and excellent brand exposure. Second Street Pike boasts a daily traffic count exceeding 10,000 vehicles, guaranteeing significant visibility for your business. The property's versatile layout allows for expansion, with two additional rooms available for lease should your business require more space. The building's diverse tenant mix includes a reputable title company on the lower level and a music teacher on the upper level, creating a vibrant and professional atmosphere. A significant advantage is the absence of common area maintenance (CAM) charges. Utility costs are shared proportionally based on square footage, encompassing only gas and water expenses. This makes budgeting predictable and transparent. This is an exceptional opportunity to establish your business in a thriving, high-traffic location with minimal overhead.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1900
Total area 2,568 SF
Lot 0.5 ac (21,736 SF)
Zoning code C2
APN 31-009-033
UPID US73-0115031

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Barber Shop
  • Roofing Company General Contractor
  • (Bike/Boat/Book/etc) Store
  • Insurance Agency
  • Medical Clinic Skin Care Clinic

Location

975 2nd St Pike Richboro, PA 18954-1554
Richboro metro Census 105003 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$450k

Owner & transaction history

since 2013
7 recorded transactions
2018
Price N/A
2013
$387,000
2013
Price N/A
2009
Price N/A
2004
$525,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C2 · Richboro, PA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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