Building Details

Year Built 1850

Listing Agency: 24-7 Real Estate, LLC

Listed By: Joanrenette M Niedrist · License #RS307762 Show Phone

Source: Kandorre

Added: Mar 25 Changed: Oct 2 Last Checked: Oct 12 at 10:30PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of 24-7 Real Estate, LLC

Investment Insights

Based on property information with market context.

This 17,000 sq ft commercial property, located within the BC District, presents a flexible opportunity for investors, developers, or owners. The existing structure offers a flexible layout suitable for a range of uses, including mixed-use or residential conversion (in progress), bed and breakfast/hospitality, day care or educational facility, religious or assembly use, agricultural/grow operation, garden center or retail, and warehouse, storage, or light commercial purposes. The seller is currently pursuing approvals for an apartment conversion, presenting a potential for future residential or mixed-use development. This property offers scale and adaptability.

Key Highlights

• Expansive 17,000 sq ft commercial property offers significant scale and development potential.
• Flexible layout adaptable to a wide range of uses.
• Potential for mixed‑use or residential conversion, with approvals currently in progress.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$60,292

Cap Rate

6.89%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,205,840 $1.2M

Cap Rate 7%

$861,314 $861.3K

Cap Rate 9%

$669,911 $669.9K

Market Conditions

NOI Build-Up for 17,000 SF

Gross rent

$110.5K $6.50/SF

− Vacancy

−$14.0K −$0.83/SF

EGI

$96.5K $5.67/SF

− OpEx

−$36.2K −$2.13/SF

NOI

$60.3K $3.55/SF

Area

Bucks County, PA

Vacancy

12.70%

Lease Rate

$6.50 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,205,840

Cap Rate 7%

$861,314

Cap Rate 9%

$669,911

Alternative Uses

Best Use

Mixed Use

$861.3K

$753.7K – $1.00M (±1% cap)

NOI $60,292 @ 7.0% cap · market cap 6.89%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$5.15M

$4.51M – $6.01M (±1% cap)

NOI $360,796 @ 7.0% cap · market cap 41.23%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Mixed-use properties

Suggested Use

Top Pick Real Estate Agency Hair Salon Law Firm Dental Office Nail Salon Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

418

Businesses Nearby

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Demographics for 18974, PA

42,507

Population

17,970

Households

2.4

Avg Household Size

47

Median Age

39%

College-Educated

95%

High-School Grad

19.7 sq mi

ZIP Area

2,158

Density / Sq Mi

$99,724

Median Household Income

$57,726

Median Earnings

$1,634

Median Rent

$407,300

Median Home Value

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Mixed-use property - Adaptable commercial building with development potential in the BC District.

Where is this mixed-use property located?

The property is located at 1060 Greeley Ivyland, PA.

What is the asking price?

The asking price for this property is $875,000.

What are key features of this property?

This property features: Expansive 17,000 sq ft commercial property offers significant scale and development potential.; Flexible layout adaptable to a wide range of uses.; Potential for mixed‑use or residential conversion, with approvals currently in progress.