Turnkey Inpatient Detox Facility
For Sale
$3,500,000
Pending
1288 Veterans Hwy, Levittown, PA 19056
Licensed inpatient detox facility with expansion potential in Bucks County.
Property Size9,764 SF
Lot Size1.12 Acres
Days on Market554
Property Features for 1288 Veterans Hwy
General Information
Standard status
Pending
Size
9,764 SF
Lot size
1.12 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$15,647
Amenities
Open
Business District
Cleared
Front Yard
Landscaping
Level
Rear Yard
Road Frontage
SideYard(s)
Building Details
Year Built
1970
Listing Agency:
JOHN E. KITCHEN SHAY REAL ESTATE
(216) 669-6722
Listed By:
JOHN E. KITCHEN
Source:
Corcoran
Added: Feb 2, 2025
Changed: Aug 8
Last Checked: Aug 8 at 1:31PM
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 JOHN E. KITCHEN SHAY REAL ESTATE
Investment Insights
Based on property information with market context.
This property, situated on 1.07 acres in Middletown Township, Bucks County, PA, offers approximately 9,764 square feet of space. The property has undergone a condominium conversion, creating two distinct spaces: Unit I and Unit II. Condo Unit I is a 16-bed inpatient residential detox facility, featuring 8 licensed detox beds and 8 licensed residential beds. The sale includes furnishings and equipment currently in place, and the purchase of the license may be possible. Licensed in 2020, the detox facility occupies approximately 5,000 square feet across an upper and lower level connected by an internal stairway and elevator. Other potential uses include inpatient mental health rehabilitation. The upper level features 16 beds in 8 rooms, each with private baths and showers, dual televisions, individual room temperature controls, and electric adjustable beds. Two beds are located in a fully wheelchair-accessible unit with a compliant shower. This level also includes a registration office, a 360-degree nurses station with a secure medication room, a medical office with a handwashing sink, and a half bath. The lower level, accessible by elevator or a wide staircase, includes kitchen and dining areas, a media room/group room, a private office/snack room, a fully equipped laundry room, and two luxurious spa rooms with hot or cold soaking tubs, each featuring a full bath with shower and heated towel racks, and a half bath. Condo Unit II, spanning approximately 5,000 square feet, is currently licensed as an outpatient drug and alcohol facility. Entitlements with Middletown Township, Bucks County, include zoning and construction documents approvals that allow conversion of this condo for use as a 16-bed inpatient residential detox facility or as an inpatient mental health rehabilitation facility. The rear area of the property features a gazebo/smoking area and general recreation space. The property is fenced with an electrically operated gate, and a large parking lot supports these uses.
Key Highlights
- Licensed 16‑bed inpatient residential detox facility (Unit I) with furnishings and equipment included.
- Second 5,000 sq ft unit (Unit II) with entitlements for conversion to a 16‑bed inpatient Residential Detox or Mental Health Rehabilitation facility.
- Each of the 16 beds in Unit I features private baths/showers, dual televisions, individual temperature controls, and electric adjustable beds.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$135,083
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,701,660
$2.7M
Cap Rate 7%
$1,929,757
$1.9M
Cap Rate 9%
$1,500,922
$1.5M
Market Conditions
NOI Build-Up for 9,764 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$246.1K $25.20/SF
− Vacancy
−$20.9K −$2.14/SF
EGI
$225.1K $23.06/SF
− OpEx
−$90.1K −$9.22/SF
NOI
$135.1K $13.83/SF
Area
Bucks County, PA
Vacancy
8.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,701,660
Cap Rate 7%
$1,929,757
Cap Rate 9%
$1,500,922
Alternative Uses
Best Use
Healthcare Medical
$1.93M
$1.69M – $2.25M
NOI $135,083 @ 7.0% cap · market cap 3.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.96M
$2.59M – $3.45M
NOI $207,224 @ 7.0% cap · market cap 5.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
294
Businesses Nearby
Explore this area
Business Placement
Demographics for 19056, PA
15,858
Population
6,030
Households
2.6
Avg Household Size
41
Median Age
34%
College-Educated
95%
High-School Grad
3.9 sq mi
ZIP Area
4,066
Density / Sq Mi
$104,382
Median Household Income
$53,916
Median Earnings
$1,409
Median Rent
$360,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Rehabilitation center - Licensed inpatient detox facility with expansion potential in Bucks County.
Where is this rehabilitation center located?
The property is located at 1288 Veterans Hwy Levittown, PA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Licensed 16‑bed inpatient residential detox facility (Unit I) with furnishings and equipment included.; Second 5,000 sq ft unit (Unit II) with entitlements for conversion to a 16‑bed inpatient Residential Detox or Mental Health Rehabilitation facility.; Each of the 16 beds in Unit I features private baths/showers, dual televisions, individual temperature controls, and electric adjustable beds.
