116 Richlandtown PikeQuakertown, PA 18951

Property Details for 116 Richlandtown Pike

Year built

1954

Lot size

26.81 AC

Property size (Sq ft)

10,359 SF

Zone code

SRC

Property type

Retail properties

Property subtype

Other automotive properties

APN

36-024-034

APU

36024034

Description

This exceptional multi-use property, located at 116 Richlandtown Pike in Quakertown, Pennsylvania, presents a unique investment opportunity. The 26.81-acre lot features three buildings totaling over 20,000 square feet under roof. The main building, encompassing 10,444 square feet, houses a retail store, parts department, and repair service shop on the first floor (6,200 sq ft) and three leased two-bedroom, one-bathroom apartments on the second floor (4,244 sq ft). The main building includes three drive-in doors (two 12'x12', one 10'x10'), oil hot air HVAC in the retail and parts areas, and a wood stove in the repair shop. The apartments have electric HVAC. The property also includes two large equipment barns. Equipment Barn #1 (red) is a 6,375 square foot clear-span metal pole barn with a 12' ceiling height, gravel floor, metal roof, two 12'x12' drive-in doors, and 12'x85' covered storage. Equipment Barn #2 (white) is a 3,200 square foot clear-span steel frame building with block curtain walls, a 12' ceiling height, concrete floor, metal roof, and two 12'x12' drive-in doors. The property is zoned SRC - Suburban Residential Conservation (Non-Conforming) and includes four loading docks. The asking price is $1,100,000 ($105.32/sq ft). The sale includes an existing tractor and equipment sales and service business and all inventory. This property offers significant expansion potential and is being offered for the first time in over 75 years. The property's APN is 36-024-034.

• CAP approach

  CAP return

  Valuation

  6%

  $3,782,804

  6.5%

  $3,491,819

  7%

  $3,242,404

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,433,764

  Geo Method

  $3,410,838

• Alternative Use

  Use

  Valuation

  Residential

  $2,945,480

  Hospitality

  $2,698,044

  Educational

  $2,244,741

  Medical

  $2,321,941

  Retail

  $3,491,819

Location Insight

City

Quakertown

County

Bucks

State

Pennsylvania

Latitude

40.4527

Longitude

-75.3299

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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