Mixed-Use Corner
For Sale
$439,999
Pending
115 HULMEVILLE AVENUE, Penndel, PA 19047
The building combines an occupied salon with a month-to-month one-bedroom apartment.
Property Size1,245 SF
Lot Size0.42 Acres
Days on Market108
Property Features for 115 HULMEVILLE AVENUE
General Information
Standard status
Pending
Size
1,245 SF
Total Parking Spaces
10
Lot size
0.42 Acres
Zoning
RC
Occupancy
100%
Site & Location
Corner Location
Yes
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,232
Amenities
abundant parking
Window Unit(s), Wall Unit(s)
Natural Gas, Baseboard
Gas Water Heater
Driveway
Building Details
Building Size
1,245 SF
Year Built
1940
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Keller Williams Real Estate Tri-County
Listed By:
Giovanni Carpino · License #RS296840
(267) 238-7156
Source:
Evrealestate
Added: Jul 2
Changed: Oct 13
Last Checked: Oct 16 at 8:24AM
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 Keller Williams Real Estate Tri-County
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Investment Insights
Based on property information with market context.
Located at 115 Hulmeville Avenue in Penndel Borough, this mixed-use property occupies approximately 0.42 acres at a corner location. The first floor is leased to a salon, with approximately one year remaining on the current term. Upstairs, the residential unit is rented month to month and includes one bedroom, a separate living room, kitchen, full bathroom, and dedicated laundry area.
The property is zoned RC (Retail Commercial) and includes an expansive lot with abundant parking. Electric service is separately metered for each unit, while gas and water are shared. The site is minutes from Penndel Train Station and provides access to Route 1, I-295, and the Pennsylvania Turnpike, along with nearby shopping, dining, and business destinations.
The property is zoned RC (Retail Commercial) and includes an expansive lot with abundant parking. Electric service is separately metered for each unit, while gas and water are shared. The site is minutes from Penndel Train Station and provides access to Route 1, I-295, and the Pennsylvania Turnpike, along with nearby shopping, dining, and business destinations.
Key Highlights
- Approximately 0.42 acres at a highly visible corner location
- First‑floor salon lease has approximately one year remaining
- Second‑floor one‑bedroom unit is rented month to month
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,066
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$361,320
$361.3K
Cap Rate 7%
$258,086
$258.1K
Cap Rate 9%
$200,733
$200.7K
Market Conditions
NOI Build-Up for 1,245 SF
Gross rent
$27.3K $21.96/SF
− Vacancy
−$1.5K −$1.23/SF
EGI
$25.8K $20.73/SF
− OpEx
−$7.7K −$6.22/SF
NOI
$18.1K $14.51/SF
Area
Bucks County, PA
Vacancy
5.60%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$361,320
Cap Rate 7%
$258,086
Cap Rate 9%
$200,733
Alternative Uses
Best Use
Retail
$258.1K
$225.8K – $301.1K
NOI $18,066 @ 7.0% cap · market cap 4.11%
Second Best
Apartment 5plus
$220.2K
$192.7K – $256.9K
NOI $15,415 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$377.5K
$330.3K – $440.4K
NOI $26,423 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
474
Businesses Nearby
29k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 67%
Dining 30%
Home Improvements & Furnishings 3%
Dunkin' Donuts
Dining
7,648 visits/mo
0.3 miles
7-Eleven
Shops & Services
7,424 visits/mo
0.4 miles
Sunoco
Shops & Services
4,922 visits/mo
0.3 miles
AutoZone
Shops & Services
3,657 visits/mo
0.1 miles
Advance Auto Parts
Shops & Services
3,084 visits/mo
0.1 miles
Demographics for 19047, PA
35,452
Population
13,150
Households
2.7
Avg Household Size
45
Median Age
45%
College-Educated
97%
High-School Grad
17.2 sq mi
ZIP Area
2,061
Density / Sq Mi
$110,395
Median Household Income
$55,992
Median Earnings
$1,770
Median Rent
$441,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The building combines an occupied salon with a month-to-month one-bedroom apartment.
Where is this mixed-use property located?
The property is located at 115 HULMEVILLE AVENUE Penndel, PA.
What is the asking price?
The asking price for this property is $439,999.
What are key features of this property?
This property features: Approximately 0.42 acres at a highly visible corner location; First‑floor salon lease has approximately one year remaining; Second‑floor one‑bedroom unit is rented month to month
