Renovated Creative
New
For Sale
$330,000
1609 WOODBOURNE ROAD #202B, Levittown, PA 19057
The 1,500-square-foot unit is occupied under a tenancy extending through August 2027.
Property Size1,500 SF
Price / SF$220
Days on Market7
Property Features for 1609 WOODBOURNE ROAD #202B
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Commercial
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Condition
Newly Renovated
HOA Fee
$404
Property Use
Podcast and Photography studio
Building Details
Year Built
2003
Tenancy
Single
Listing Agency:
Zindak Real Estate
(267) 467-5648
Listed By:
Jay M Patel
(267) 750-1122
Source:
Cummingsrealtors
Added: Oct 26
Changed: Nov 1
Last Checked: Nov 1 at 4:44AM
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 Zindak Real Estate
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Investment Insights
Based on property information with market context.
This 1,500-square-foot creative space is configured for podcast and photography studio use and has been fully renovated. The building’s roof and the unit’s interior electrical system were replaced about two years ago. A tenancy is in place through August 2027.
Key Highlights
- 1,500‑square‑foot creative space
- Currently used for podcast and photography studio work
- Tenancy runs through August 2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,582
Cap Rate
7.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$471,640
$471.6K
Cap Rate 7%
$336,886
$336.9K
Cap Rate 9%
$262,022
$262.0K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$39.1K $26.04/SF
− Vacancy
−$7.6K −$5.08/SF
EGI
$31.4K $20.96/SF
− OpEx
−$7.9K −$5.24/SF
NOI
$23.6K $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%
$471,640
Cap Rate 7%
$336,886
Cap Rate 9%
$262,022
Alternative Uses
Best Use
Office B
$336.9K
$294.8K – $393.0K
NOI $23,582 @ 7.0% cap · market cap 7.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$454.8K
$397.9K – $530.6K
NOI $31,835 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
599
Businesses Nearby
Explore this area
Business Placement
Demographics for 19057, PA
16,916
Population
6,452
Households
2.6
Avg Household Size
40
Median Age
26%
College-Educated
93%
High-School Grad
4.4 sq mi
ZIP Area
3,845
Density / Sq Mi
$95,089
Median Household Income
$48,682
Median Earnings
$1,518
Median Rent
$299,900
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Creative space - The 1,500-square-foot unit is occupied under a tenancy extending through August 2027.
Where is this creative space located?
The property is located at 1609 WOODBOURNE ROAD #202B Levittown, PA.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: 1,500‑square‑foot creative space; Currently used for podcast and photography studio work; Tenancy runs through August 2027
