12 Penns Trl Newtown, PA 18940
- Office Properties & Spaces
- 3,949 SF
- 3.00 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 12 Penns Trl
- Year built
- 2004
- Lot size
- 3.00 lot acres
- Property size
- 3,949 SF
- Zone code
- LI
- Property type
- Office Properties & Spaces
- APN
- 29-010-087-00A
- APU
- 2901008700A
Description
Platinum Suites of Newtown offers a premier office solution on a spacious 2.5-acre lot at 12 Penns Trail. This exceptional property provides a range of options to suit diverse business needs, from dedicated private office suites to collaborative coworking spaces. The building boasts state-of-the-art technology in its conference and meeting rooms, furnished to a high standard for optimal productivity and professional presentations. Beyond traditional office space, Platinum Suites also offers virtual office services, providing a prestigious business address and phone number for clients who prefer a flexible or remote work arrangement. Convenience is key, with readily available coffee, tea, and flavored water stations throughout the building. This comprehensive approach to office space ensures a comfortable and productive work environment. The property is ideally situated in Newtown, PA, offering easy access to major transportation routes and local amenities. The size of the building is not specified, but the expansive 2.5-acre lot provides ample parking and potential for future expansion. This is an unparalleled opportunity to secure a highly functional and prestigious office space in a desirable location. Inquire today to learn more about leasing options and availability.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $895,000
- ML approach
- $970,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,105,000
- 6.5%
- $1,020,000
- 7%
- $945,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,042,000
- AI Estimate
- $643,000
Market price range: $736k - $1.21MMarket price range: $244k - $966k -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $990,000 Current use
- MEDICAL BUILDING
- $975,000 Change: -2% Conversion: Easy
- COMMERCIAL (GENERAL)
- $945,000 Change: -5% Conversion: Easy
- AUTO REPAIR, GARAGE
- $920,000 Change: -7% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Newtown
- County
- Bucks
- State
- Pennsylvania
- Longitude
- -74.9091
- Latitude
- 40.2298
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA