Climate-Controlled
New
For Sale
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2 PHEASANT RUN, Newtown, PA 18940
The property pairs dedicated office space with conditioned warehouse area and three-phase electrical service.
Property Size6,258 SF
Price / SF$0.00
Days on Market6
Property Features for 2 PHEASANT RUN
General Information
Standard status
Active
Size
6,258 SF
Property subtype
Commercial
Zoning
Light Industrial District
Warehouse & Industrial
Clear Height
14 ft
Warehouse Space
4,258 SF
Office Build-Out
2,000 SF
Dock-High Doors
1
Column Spacing
25 x 40 ft
Voltage
480 V
Three-Phase Power
Yes
Conditioned Warehouse
Yes
Additional Details
Property Use
Flex/Warehouse
Building Details
Year Built
1973
Buildings
1
Building Size
6,258 SF
Listing Agency:
RE/MAX Properties
(215) 968-7400
Listed By:
Daniel J McCloskey · License #AB050673L
(215) 669-8333
Source:
Cummingsrealtors
Added: Oct 21
Changed: Oct 25
Last Checked: Oct 26 at 3:47PM
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 RE/MAX Properties
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Investment Insights
Based on property information with market context.
Built in 1973, this 6,258-square-foot flex/warehouse property includes approximately 2,000 square feet of office space and 4,258 square feet of warehouse space. The warehouse is climate-controlled, with about 14 feet from floor to the underside of the beam and 25-by-40-foot column spacing. Electrical service is 480V, 3-phase. The building also has a tailgate door that may be modified for drive-in access, two ADA bathrooms, and potential for building signage.
The property is in Newtown Business Commons, with access to I-295, I-95, the Pennsylvania Turnpike, and Route 1. Restaurants, shopping centers, and Historic Newtown Borough are within a mile. The source also identifies an Overlay District that allows many uses in the Light Industrial District.
The property is in Newtown Business Commons, with access to I-295, I-95, the Pennsylvania Turnpike, and Route 1. Restaurants, shopping centers, and Historic Newtown Borough are within a mile. The source also identifies an Overlay District that allows many uses in the Light Industrial District.
Key Highlights
- 6,258 square feet, including approximately 2,000 square feet of office and 4,258 square feet of warehouse space
- Climate‑controlled warehouse with 480V 3 Phase electric
- Approx. 14' floor‑to‑beam clearance and 25' x 40' column spacing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,119
Suggested Prices Based on Cap Rates
Cap Rate 5%
$642,380
$642.4K
Cap Rate 7%
$458,843
$458.8K
Cap Rate 9%
$356,878
$356.9K
Market Conditions
NOI Build-Up for 6,258 SF
Gross rent
$52.6K $8.40/SF
− Vacancy
−$3.2K −$0.50/SF
EGI
$49.4K $7.90/SF
− OpEx
−$17.3K −$2.76/SF
NOI
$32.1K $5.13/SF
Area
Bucks County, PA
Vacancy
6.00%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$642,380
Cap Rate 7%
$458,843
Cap Rate 9%
$356,878
Alternative Uses
Best Use
Warehouse
$914.4K
$800.1K – $1.07M
NOI $64,010 @ 7.0% cap · market cap 457,214.29%
Second Best
Industrial
$656.3K
$574.3K – $765.7K
NOI $45,944 @ 7.0% cap · market cap 328,171.43%
Theoretical Best
Office A
$1.90M
$1.66M – $2.21M
NOI $132,815 @ 7.0% cap · market cap 948,678.57%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
14 ft
Clear height
1
Dock-high doors
Location Intelligence
Trade Area within ½ mile
1,495
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 18940, PA
30,280
Population
11,763
Households
2.6
Avg Household Size
47
Median Age
67%
College-Educated
97%
High-School Grad
34.6 sq mi
ZIP Area
875
Density / Sq Mi
$157,591
Median Household Income
$85,895
Median Earnings
$2,227
Median Rent
$623,300
Median Home Value
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Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- C and G Fine Foods — 140 Terry Dr, Newtown, PA 18940
Frequently Asked Questions
What type of property is this?
Flex space - The property pairs dedicated office space with conditioned warehouse area and three-phase electrical service.
Where is this flex space located?
The property is located at 2 PHEASANT RUN Newtown, PA.
What are key features of this property?
This property features: 6,258 square feet, including approximately 2,000 square feet of office and 4,258 square feet of warehouse space; Climate‑controlled warehouse with 480V 3 Phase electric; Approx. 14' floor‑to‑beam clearance and 25' x 40' column spacing
