Mixed-Use Property with Retail
534 W Broad St Quakertown, PA 18951
534 W Broad St, Quakertown, PA, 18951
$625,000
For Sale
$625,000
Ground-floor C2 space can operate as two units or a connected retail footprint, with income-producing apartments upstairs.
Property Size3,000 SF
Price / SF$208.33
Days on Market11
Property Features for 534 W Broad St
General Information
- Standard status
- Active
- Size
- 3,000 SF
Listing agency
Keller Williams Real Estate-Montgomeryville
(267) 934-5674
Listed by
Joshua Wernick
(267) 934-5674
Source
Exprealty
Added: Jul 12 Updated: Jul 22 at 10:02AM Checked: Jul 22 at 10:02AM
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-Montgomeryville
Investment Insights
Based on property information with market context.
This mixed-use property includes two adjacent ground-floor commercial units plus two residential apartments above. The first floor features approximately 725 SF in a former Rita’s Water Ice space and Unit 1 at approximately 600 SF, with bedroom, bathroom, laundry, kitchen, and basement storage access. The connecting wall between the two ground-floor units can be opened to create a single connected commercial footprint of approximately 1,325 SF, with no additional zoning approval or conditional use hearing required for that configuration. Both ground-floor units are permitted for commercial use by right under Quakertown Borough’s C2 General Commercial zoning.
Two residential apartments are located above: Unit 2 at $925/month and Unit 3 at $1,050/month. Unit 1 is currently tenanted residentially at $1,175/month under a grandfathered use, and at lease expiration in early October the new owner may convert to commercial use by right or continue residential tenancy. The property has private rear parking for 6 spaces, basement storage, and separate entrances for residential tenants.
As of now, the property generates $54,600 in gross annual income across all four units. The C2 zoning also includes a Pedestrian-Oriented Mixed-Use Overlay District (POMU). Built in 1920, the total size is approximately 3,000 SF per assessor, with annual taxes of $5,783. Showing is by appointment.
Two residential apartments are located above: Unit 2 at $925/month and Unit 3 at $1,050/month. Unit 1 is currently tenanted residentially at $1,175/month under a grandfathered use, and at lease expiration in early October the new owner may convert to commercial use by right or continue residential tenancy. The property has private rear parking for 6 spaces, basement storage, and separate entrances for residential tenants.
As of now, the property generates $54,600 in gross annual income across all four units. The C2 zoning also includes a Pedestrian-Oriented Mixed-Use Overlay District (POMU). Built in 1920, the total size is approximately 3,000 SF per assessor, with annual taxes of $5,783. Showing is by appointment.
Key Highlights
- 534 W. Broad St. mixed‑use property with C2 zoning and Pedestrian‑Oriented Mixed‑Use overlay (POMU).
- Up to 1,325 SF of ground‑floor commercial space available by right under C2, with no township approval required.
- First floor includes two adjacent units: approx. 725 SF former Rita's Water Ice space and Unit 1 approx. 600 SF.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $78.1k | $26.04 |
| − Vacancy | −$15.2k | −$5.08 |
| EGI | $62.9k | $20.96 |
| − OpEx | −$15.7k | −$5.24 |
| NOI | $47.2k | $15.72 |
3,000 SF · lease $26.04/SF/yr · vacancy 19.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$673.8K
$589.6K – $786.1K
NOI $47,165 @ 7.0% cap · market cap 7.55%
Second Best
Retail
$621.9K
$544.2K – $725.6K
NOI $43,534 @ 7.0% cap · market cap 6.97%
Theoretical Best
Office A
$909.6K
$795.9K – $1.06M
NOI $63,670 @ 7.0% cap · market cap 10.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Rita's Italian Ice ...
Grocery & Convenience Store
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Ground-floor C2 space can operate as two units or a connected retail footprint, with income-producing apartments upstairs.
Where is this mixed-use property located?
The property is located at 534 W Broad St Quakertown, PA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 534 W. Broad St. mixed‑use property with C2 zoning and Pedestrian‑Oriented Mixed‑Use overlay (POMU).; Up to 1,325 SF of ground‑floor commercial space available by right under C2, with no township approval required.; First floor includes two adjacent units: approx. 725 SF former Rita's Water Ice space and Unit 1 approx. 600 SF.
