Historic Stone Office
New
For Sale
$995,000
116 E BUTLER AVENUE, Chalfont, PA 18914
Three-level professional property includes private offices, adaptable work areas, and on-site parking.
Property Size4,659 SF
Lot Size10.00 Acres
Price / SF$213.57
Days on Market7
Property Features for 116 E BUTLER AVENUE
General Information
Standard status
Active
Size
4,659 SF
Lot size
10.00 Acres
Property subtype
Commercial
Additional Details
Road Access
Yes
Property Use
Office
Building Details
Year Built
1796
Buildings
1
Stories
3
Construction
stone
Listing Agency:
J. Carroll Molloy Realtor, LLC
(215) 348-3558
Listed By:
Dylan Smith · License #RS371231
(267) 261-4296
Source:
Cummingsrealtors
Added: Oct 20
Changed: Oct 25
Last Checked: Oct 24 at 6:30PM
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 J. Carroll Molloy Realtor, LLC
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Investment Insights
Based on property information with market context.
Dating to 1796, this stone office property encompasses approximately 4,659 square feet across three floors, with additional basement space. Interior details include exposed stone, heavy timber beams, historic fireplaces, and a mix of private offices and larger flexible rooms. The first floor has a reception area and kitchen; the second includes two full bathrooms, and additional offices occupy the upper floor.
The property sits on approximately 10 acres along E. Butler Avenue, also identified as Route 202 Business, with frontage on the North Branch of Neshaminy Creek. Grounds include mature trees and wooded areas, and on-site parking serves the building. The property’s prior uses included a residence and bed-and-breakfast before its conversion to professional office space.
The property sits on approximately 10 acres along E. Butler Avenue, also identified as Route 202 Business, with frontage on the North Branch of Neshaminy Creek. Grounds include mature trees and wooded areas, and on-site parking serves the building. The property’s prior uses included a residence and bed-and-breakfast before its conversion to professional office space.
Key Highlights
- Approximately 4,659 square feet arranged across three floors, plus basement space
- Approximately 10 acres with frontage along E. Butler Avenue (Route 202 Business)
- Stone building constructed in 1796
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,247
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,464,940
$1.5M
Cap Rate 7%
$1,046,386
$1.0M
Cap Rate 9%
$813,856
$813.9K
Market Conditions
NOI Build-Up for 4,659 SF
Gross rent
$121.3K $26.04/SF
− Vacancy
−$23.7K −$5.08/SF
EGI
$97.7K $20.96/SF
− OpEx
−$24.4K −$5.24/SF
NOI
$73.2K $15.72/SF
Area
Bucks County, PA
Vacancy
19.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,464,940
Cap Rate 7%
$1,046,386
Cap Rate 9%
$813,856
Alternative Uses
Best Use
Office B
$1.05M
$915.6K – $1.22M
NOI $73,247 @ 7.0% cap · market cap 7.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.41M
$1.24M – $1.65M
NOI $98,879 @ 7.0% cap · market cap 9.94%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
430
Businesses Nearby
Explore this area
Business Placement
Demographics for 18914, PA
21,475
Population
7,900
Households
2.7
Avg Household Size
43
Median Age
56%
College-Educated
97%
High-School Grad
17.6 sq mi
ZIP Area
1,220
Density / Sq Mi
$148,286
Median Household Income
$67,169
Median Earnings
$1,991
Median Rent
$477,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Three-level professional property includes private offices, adaptable work areas, and on-site parking.
Where is this office building located?
The property is located at 116 E BUTLER AVENUE Chalfont, PA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Approximately 4,659 square feet arranged across three floors, plus basement space; Approximately 10 acres with frontage along E. Butler Avenue (Route 202 Business); Stone building constructed in 1796
