Current Use by Public Records
- MGA Crisis Intervention / Medical Clinic
- Riteload / Logistics Company / Freight Service
Property Details for 75 James Way
- Year built
- 1990
- Lot size
- 3.02 lot acres
- Property type
- Specialty properties
- Property subtype
- Office Spaces
Description
This exceptional 33,000 square foot vacant medical office building presents a compelling value-add redevelopment opportunity in Southampton, Pennsylvania. Located on a 3.02-acre lot at a signalized intersection of James Way and County Line Road, this two-story, Class C building offers unparalleled visibility and accessibility. The property boasts 114 parking spaces and benefits from its proximity to the PA Turnpike (I-276), boasting 87,000 AADT, providing excellent signage opportunities. Its strategic location near local hospitals, such as Jefferson Health - Warminster Hospital (2.3 miles), and numerous retailers (Chick-fil-A, Starbucks, LA Fitness, Giant, etc.) ensures high traffic and strong potential for tenant attraction. Built in 1990, the property is zoned for Limited Industrial District (LI), allowing for a variety of retail or healthcare uses. A significant advantage is the potential for substantial cost savings in redevelopment compared to new construction, estimated at approximately $6 million by Benchmark Construction. Furthermore, Pennsylvania Sites & RACP grant monies may be available for a medical redevelopment project. The property is currently vacant with an occupancy date of October 3, 2024. This distressed sale offers a unique chance to capitalize on a prime location and significant redevelopment potential. The property's APN is 48-011-004-003.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Southampton
- County
- Bucks
- State
- Pennsylvania
- Longitude
- -75.0581
- Latitude
- 40.1646
