1502 Haines Rd Levittown, PA 19055
- Retail properties
Current Use by Public Records
- Ponticelli Pizzeria & Restaurant / Pizza Restaurant / Italian Restaurant
Property Details for 1502 Haines Rd
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
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.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Levittown
- County
- Bucks
- State
- Pennsylvania
- Longitude
- -74.8305
- Latitude
- 40.1336
