Mixed-Use Duplex and Flex
For Sale
$1,275,000
921 Woodbine Ave, Bensalem, PA 19020
Two buildings on 10.40 acres combine occupied duplex living with a leased flex warehouse with drive-in access.
Property Size5,610 SF
Days on Market103
Property Features for 921 Woodbine Ave
General Information
Standard status
Active
Size
5,610 SF
Property subtype
Mixed-use
Building Details
Building Size
5,610 SF
Year Built
1940
Listing Agency:
SVN | Ahia
Listed By:
Chichi E. Ahia, SIOR · License #PA #RM423727
(267) 981-9110
Source:
Svnahia
Added: Jun 29
Changed: Sep 11
Last Checked: Oct 7 at 10:51AM
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 SVN | Ahia
Investment Insights
Based on property information with market context.
The property includes two well-maintained buildings totaling approximately 5,600 square feet on a 10.40-acre lot. The front building is a 2-story duplex with two residential units, both currently occupied, with a strong rental history. The rear building is a single-story, free-standing flex warehouse space currently leased, totaling approximately 3,000 square feet.
The flex warehouse features a 12-foot drive-in door, 14-foot ceilings, open warehouse space, and dedicated office areas, and it is described as being in excellent condition. The property is positioned for convenient travel, with immediate access to major area highways and close commuting proximity to and from Philadelphia, including access to Bristol Pike and Street Road.
This configuration can suit investors seeking income-producing residential units alongside a separately leased warehouse/flex component, with the added benefit of being in a Commercial L1 zoning district that allows for abundant permitted uses. The offering is presented as meticulously maintained, with a comprehensive list of recent improvements included in the materials.
The flex warehouse features a 12-foot drive-in door, 14-foot ceilings, open warehouse space, and dedicated office areas, and it is described as being in excellent condition. The property is positioned for convenient travel, with immediate access to major area highways and close commuting proximity to and from Philadelphia, including access to Bristol Pike and Street Road.
This configuration can suit investors seeking income-producing residential units alongside a separately leased warehouse/flex component, with the added benefit of being in a Commercial L1 zoning district that allows for abundant permitted uses. The offering is presented as meticulously maintained, with a comprehensive list of recent improvements included in the materials.
Key Highlights
- Mixed‑use property in Bensalem Township, Bucks County, PA: two buildings on a 10.40‑acre lot
- Front building: 2‑story duplex with two residential units; both currently occupied with a strong rental history
- Rear building: approx. 3,000 SF single‑story flex warehouse currently leased with a 12‑foot drive‑in door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,460
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,389,200
$1.4M
Cap Rate 7%
$992,286
$992.3K
Cap Rate 9%
$771,778
$771.8K
Market Conditions
NOI Build-Up for 5,610 SF
Gross rent
$130.6K $23.28/SF
− Vacancy
−$4.3K −$0.77/SF
EGI
$126.3K $22.51/SF
− OpEx
−$56.8K −$10.13/SF
NOI
$69.5K $12.38/SF
Area
Bucks County, PA
Vacancy
3.30%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,389,200
Cap Rate 7%
$992,286
Cap Rate 9%
$771,778
Alternative Uses
Best Use
Apartment 5plus
$992.3K
$868.3K – $1.16M
NOI $69,460 @ 7.0% cap · market cap 5.45%
Second Best
Multifamily LT 5
$950.9K
$832.0K – $1.11M
NOI $66,563 @ 7.0% cap · market cap 5.22%
Theoretical Best
Office A
$1.70M
$1.49M – $1.98M
NOI $119,063 @ 7.0% cap · market cap 9.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
515
Businesses Nearby
Explore this area
Business Placement
Demographics for 19020, PA
57,043
Population
23,471
Households
2.4
Avg Household Size
42
Median Age
31%
College-Educated
89%
High-School Grad
17.3 sq mi
ZIP Area
3,297
Density / Sq Mi
$80,158
Median Household Income
$49,154
Median Earnings
$1,549
Median Rent
$344,400
Median Home Value
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Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two buildings on 10.40 acres combine occupied duplex living with a leased flex warehouse with drive-in access.
Where is this mixed-use property located?
The property is located at 921 Woodbine Ave Bensalem, PA.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Mixed‑use property in Bensalem Township, Bucks County, PA: two buildings on a 10.40‑acre lot; Front building: 2‑story duplex with two residential units; both currently occupied with a strong rental history; Rear building: approx. 3,000 SF single‑story flex warehouse currently leased with a 12‑foot drive‑in door
