Mixed-Use Property with Office
New
For Sale
$2,500,000
70 W OAKLAND AVENUE, Doylestown, PA 18901
Three parcels combine multi-tenant professional offices, a two-unit residence, and dedicated parking in a central borough setting.
Property Size19,321 SF
Price / SF$129.39
Days on Market2
Property Features for 70 W OAKLAND AVENUE
General Information
Standard status
Active
Size
19,321 SF
Total Parking Spaces
28
Property subtype
Commercial
Zoning
CC
Additional Details
Public Transit
Yes
Tenant in Place
Yes
Property Use
Office
Building Details
Year Built
1974
Buildings
2
Stories
3
Tenancy
Multi
Listing Agency:
Coldwell Banker Hearthside Realtors- Ottsville
(610) 847-3300
Listed By:
Scott K Freeman · License #RS283644
(610) 476-1172
Source:
Cummingsrealtors
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 4 at 1:32PM
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 Coldwell Banker Hearthside Realtors- Ottsville
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Investment Insights
Based on property information with market context.
The offering comprises three parcels with a three-story professional office building, a separate twin-style duplex, and a parcel used for parking. The office building contains approximately 19,321 square feet of gross building area and multiple tenant suites. The duplex provides two adjoining residences with mirrored layouts; each has a living room, dining room, kitchen, two bedrooms, one full bathroom, a finished third-floor den, and a basement. Its combined gross building area is approximately 2,541 square feet. The office building was constructed in 1974, and approximately 28 off-street parking spaces serve the property.
At West Oakland Avenue and South Clinton Street in Doylestown Borough, the property is within walking distance of the Bucks County Justice Center, Bucks County Administration Building, Doylestown SEPTA Regional Rail Station, and downtown restaurants, shops, and professional services. Doylestown Hospital is a short drive away, with Routes 202 and 611 providing regional access. The zoning designation is CC (Central Commercial), supporting professional office use and other commercial opportunities subject to applicable regulations.
At West Oakland Avenue and South Clinton Street in Doylestown Borough, the property is within walking distance of the Bucks County Justice Center, Bucks County Administration Building, Doylestown SEPTA Regional Rail Station, and downtown restaurants, shops, and professional services. Doylestown Hospital is a short drive away, with Routes 202 and 611 providing regional access. The zoning designation is CC (Central Commercial), supporting professional office use and other commercial opportunities subject to applicable regulations.
Key Highlights
- Three‑parcel offering includes office, residential, and dedicated parking parcels
- Three‑story office building with approximately 19,321 square feet of gross building area
- Twin‑style duplex has two residences and approximately 2,541 square feet of combined gross building area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$229,246
Cap Rate
9.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,584,920
$4.6M
Cap Rate 7%
$3,274,943
$3.3M
Cap Rate 9%
$2,547,178
$2.5M
Market Conditions
NOI Build-Up for 19,321 SF
Gross rent
$343.1K $17.76/SF
− Vacancy
−$15.6K −$0.81/SF
EGI
$327.5K $16.95/SF
− OpEx
−$98.2K −$5.09/SF
NOI
$229.2K $11.87/SF
Area
Bucks County, PA
Vacancy
4.56%
Lease Rate
$17.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,584,920
Cap Rate 7%
$3,274,943
Cap Rate 9%
$2,547,178
Alternative Uses
Best Use
Office B
$4.34M
$3.80M – $5.06M
NOI $303,758 @ 7.0% cap · market cap 12.15%
Second Best
Apartment 5plus
$3.42M
$2.99M – $3.99M
NOI $239,222 @ 7.0% cap · market cap 9.57%
Theoretical Best
Office A
$5.86M
$5.13M – $6.83M
NOI $410,055 @ 7.0% cap · market cap 16.40%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
584
Businesses Nearby
Explore this area
Business Placement
Demographics for 18901, PA
28,395
Population
11,431
Households
2.5
Avg Household Size
47
Median Age
58%
College-Educated
98%
High-School Grad
21.0 sq mi
ZIP Area
1,352
Density / Sq Mi
$115,425
Median Household Income
$54,548
Median Earnings
$1,890
Median Rent
$544,200
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three parcels combine multi-tenant professional offices, a two-unit residence, and dedicated parking in a central borough setting.
Where is this mixed-use property located?
The property is located at 70 W OAKLAND AVENUE Doylestown, PA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Three‑parcel offering includes office, residential, and dedicated parking parcels; Three‑story office building with approximately 19,321 square feet of gross building area; Twin‑style duplex has two residences and approximately 2,541 square feet of combined gross building area
