172 Middletown Blvd Langhorne, PA 19047
- Office Properties & Spaces
- 1,343 SF
Current Use by Public Records
- Nourish Me Nutrition Therapy / Dietitian / Diabetologist
- Jambro Robert D MD / Internist
- Jay G. Friedberg, M.D. / Ophthalmologist
- Oxford Valley Eye Associates / Ophthalmologist
- Law Offices of Paul R. Weber / Personal Injury Attorney / Attorney
Property Details for 172 Middletown Blvd
- Year built
- 1984
- Property size
- 1,343 SF
- Zone code
- GB
- Property type
- Office Properties & Spaces
- APN
- 22-040-029-005-0B1
- APU
- 220400290050B1
Description
This exceptional turnkey medical spa business is located in Langhorne, Pennsylvania, at 172 Middletown Blvd, in a high-income area. The 1,400-square-foot space, situated on a 3.5-acre lot, boasts a brand-new, impressive fit-out completed in 2024. The property, a Class B, single-tenant office building constructed in 1989 and renovated this year, includes a spacious reception area, four private treatment rooms, a break room, storage, an administrative/flex room, and two bathrooms. Twenty parking spaces are available for clients and staff. The building is a condominium and sits in a prime location, offering substantial exposure at the gateway to Oxford Valley Mall and directly across from a new 611-unit luxury apartment complex and the Oxford Valley Medical complex. The current net lease is $2,400 per month plus utilities, with no CAM fees or real estate taxes. The asking price for the business is $300,000, which includes all equipment (approximately $600,000 original cost, three years old), materials, supplies, inventory, client list, and registered business name. All technicians, who are nurses or nurse practitioners, will remain with the business. The real estate is available for an additional $300,000, allowing for a combined purchase price of $550,000. SBA financing is available for qualified buyers with as little as 10% down
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $190,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $170,000
- 6.5%
- $185,000
- 7%
- $175,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $170,000
- Geo Method
- $160,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $190,000
- Retail
- $195,000
- Mixed-Use
- $145,000
- Hospitality
- $175,000
- Educational
- $190,000
- Residential Income
- $195,000
- Energy
- $165,000
- Income-Based Land
- $175,000
- Food Service
- $195,000
Location Insight
- Map
- Local Demand
- City
- Langhorne
- County
- Bucks
- State
- Pennsylvania
- Longitude
- -74.8825
- Latitude
- 40.1798
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA