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    1502 Haines Rd Levittown, PA 19055

    Sponsored
    For Sale
    $2,400,000

    2.03-acre commercial site, high income potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.03-acre commercial property in Levittown, Pennsylvania, presents a lucrative redevelopment opportunity. Located on Bristal Pike, near I-95 exit 6, this income-producing site boasts four existing retail buildings with four tenants, one owner-occupied office for property management, and a three-bedroom apartment. Additionally, the property generates income from month-to-month leases for 41 container storage units and 10 outdoor fenced storage yards. Zoning approval is already in place for a 107-unit modern self-storage facility, with architect and engineer plans included in the sale price of $2,400,000. These plans allow for the retention of the existing retail buildings. Alternatively, the site is well-suited for redevelopment into a community retail strip center, a quick-service restaurant (QSR) pad site, or a car wash. The property's prime location and existing cash flow make it an attractive investment for developers seeking significant returns. The sale includes zoning approval, architect plans, and engineer plans for the self-storage project. Note that the build-out of the storage buildings and any groundwork are not included in the sale price. The projected annual rental income for the proposed 107 self-storage units ranges from 3'x6' to 8'x30' and is estimated at $16,238.00. This property offers a unique blend of immediate income and substantial future development potential.

    Property Features for 1502 Haines Rd

    General Information

    Property type
    Restaurants

    HighLights

    • 2.03‑acre commercial redevelopment opportunity in Levittown, PA, on Bristal Pike near I‑95 exit 6.
    • Income‑producing property with four retail buildings (four tenants), one owner‑occupied office, and a three‑bedroom apartment. Also includes 41 container storage units and 10 outdoor fenced storage yards under month‑to‑month leases.
    • Zoning approval for a 107‑unit self‑storage facility is in place, with architect and engineer plans included in the $2,400,000 sale price. Existing retail buildings can be retained.
    • Alternative redevelopment options include a community retail strip center, QSR pad site, or car wash.
    • Projected annual rental income for the proposed 107 self‑storage units is $16,238. The sale includes zoning approval, architect plans, and engineer plans; build‑out and groundwork are not included.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ponticelli Pizzeria & Restaurant Pizza Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Levittown
    County
    Bucks
    State
    Pennsylvania
    Longitude
    -74.8304807
    Latitude
    40.1336494

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    FAQs

    What type of property is this?
    Restaurant - 2.03-acre commercial site, high income potential.
    Where is this restaurant located?
    The property is located at 1502 Haines Rd Levittown, PA.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: 2.03-acre commercial redevelopment opportunity in Levittown, PA, on Bristal Pike near I-95 exit 6.; Income-producing property with four retail buildings (four tenants), one owner-occupied office, and a three-bedroom apartment. Also includes 41 container storage units and 10 outdoor fenced storage yards under month-to-month leases.; Zoning approval for a 107-unit self-storage facility is in place, with architect and engineer plans included in the $2,400,000 sale price. Existing retail buildings can be retained.
    Request Owner's contact information
    1502 Haines Rd Levittown, PA 19055
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    Levittown, PA 19055
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1502 Haines Rd Levittown, PA 19055
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