881 2Nd Street Pike Richboro, PA 18954
- Mixed-use properties
- 1.35 lot acres
Current Use by Public Records
- Richboro Imported Car / Car Inspection Station / Auto Repair Shop
Property Details for 881 2Nd Street Pike
- Year built
- 1900
- Lot size
- 1.35 lot acres
- Property type
- Mixed-use properties
Description
This exceptional 1.35-acre mixed-use development opportunity in Richboro, PA, presents a unique investment prospect. The property encompasses two tax parcels (31-018-021 and 31-018-020) zoned C-2 Commercial, offering significant potential for redevelopment. Currently, the site includes a substantial 6,000+ square foot auto body shop located at 881 2nd Street Pike. In addition, there are several residential properties: a vacant three-bedroom twin dwelling at 871 2nd Street Pike, and five three-bedroom twin homes located at 869, 870, and 868 Bustleton Pike, each currently rented at $1200 per month on a month-to-month basis. These existing structures provide immediate income potential while allowing for future development plans. The property's C-2 zoning allows for a wide range of commercial uses, making it ideal for projects such as a medical building or a shopping center with integrated apartments. This prime location in Richboro offers excellent visibility and accessibility, presenting a compelling opportunity for investors seeking a high-return commercial development project. The highest and best use is clearly commercial development, offering significant upside potential for the discerning buyer. The property is offered at $2,300,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Richboro
- County
- Bucks
- State
- Pennsylvania
- Longitude
- -75.0113
- Latitude
- 40.2106
