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    853 2Nd Street Pike Richboro, PA 18954

    Sponsored
    For Sale
    $179,900

    Leased Medical Office, Strong ROI Potential

    Property size:
    1,396 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional investment opportunity presents a 1,396 square foot medical office condo located at 853 Second Street Pike in Richboro, Pennsylvania. Currently leased until November 2028, with a built-in option to extend, this property offers a secure and stable income stream. The lease includes a minimal annual rent increase of 4%, ensuring consistent growth in rental income. The unit itself comprises 1,396 square feet and includes a portion of the common hallway. This is a turnkey investment, requiring minimal management. The property is ideally suited for investors seeking a reliable, long-term return. Condo fees are structured at $2.75 per square foot, billed semi-annually, providing transparency in ongoing costs. The asking price for this prime medical office space is $179,900. Given the existing lease and projected rental increases, this property represents a compelling investment opportunity in a desirable location. The long-term lease significantly mitigates vacancy risk, making this an attractive option for investors seeking passive income and capital appreciation. Detailed financial projections are available upon request. This is a rare chance to acquire a well-located, income-producing asset with a proven track record. Serious inquiries only.

    Property Features for 853 2Nd Street Pike

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    1,396 SF

    Building Details

    Year Built
    1984
    Property Profile Location Intelligence

    Current Use by Public Records

    Tuyen Nguyen General Practitioner Whiz Enterprise Solutions Talent Agency Patricia Pletcher CPA Tax Preparation Service Mayur Mehta & Co Accountant Avalon Merchants LLC Luggage Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Richboro
    County
    Bucks
    State
    Pennsylvania
    Longitude
    -75.01221
    Latitude
    40.20994

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Office Property / Space - Leased Medical Office, Strong ROI Potential
    Where is this office property / space located?
    The property is located at 853 2Nd Street Pike Richboro, PA.
    What is the asking price?
    The asking price for this property is $179,900.
    (215) 355-5565
    Request Owner's contact information
    853 2Nd Street Pike Richboro, PA 18954
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    Richboro, PA 18954
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    853 2Nd Street Pike Richboro, PA 18954
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