241 Butler Ave & Skyline Dr Chalfont, PA 18914
- Lifestyle centers
- 46,051 SF
- 7.31 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 241 Butler Ave & Skyline Dr
- Lot size
- 7.31 lot acres
- Property size
- 46,051 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional 46,051 square foot retail property, located at 241 W. Butler Ave & Skyline Drive in Chalfont, Pennsylvania (zip code 18914), presents a compelling value-add investment opportunity. The property, zoned C-1, sits on a 7.31-acre lot and currently boasts a multi-tenant occupancy of 12.54%. The versatile space includes a former bank and a vacant outparcel of approximately 3,096 square feet, offering flexible options for user-operators seeking between 21,000 and 46,000+ square feet. The property's strategic location provides convenient access to a substantial market, with 26,123 households within a 10-minute drive. This presents a unique chance to acquire a significant retail center in a thriving Bucks County community. The property's diverse subtype, encompassing bank, grocery store, and shopping center uses, allows for a wide range of potential redevelopment and leasing strategies. The substantial square footage and prime location make this an attractive proposition for both experienced investors and owner-operators seeking to establish a strong presence in a high-demand area. The existing infrastructure and flexible zoning provide a solid foundation for future growth and profitability. This is a rare opportunity to acquire a significant retail asset in a desirable location with considerable upside potential.
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
- Chalfont
- County
- Bucks
- State
- Pennsylvania
- Longitude
- -75.2157
- Latitude
- 40.2798
