132 Bellevue Ave Penndel, PA 19047-5256
- Retail space
- 1,260 SF
- 0.06 lot acres
Current Use by Public Records
- Retail space
Property Details for 132 Bellevue Ave
- Year built
- 1971
- Lot size
- 0.06 lot acres
- Property size
- 1,260 SF
- Zone code
- RC
- Property type
- Retail space
- APN
- 32-005-029
- APU
- 32005029
Description
This exceptional mixed-use property in Penndel, Pennsylvania, presents a lucrative investment opportunity. The offering encompasses two adjacent parcels, 132 Bellevue Avenue (Tax ID #32-005-029) and 136 Bellevue Avenue (Tax ID #32-003-153), totaling 0.06 acres. The property boasts two street-level retail spaces, ideal for a variety of businesses, providing immediate income potential. Above the retail units are two separate two-bedroom apartments, offering additional rental income streams. The property includes convenient off-street parking for tenants and customers, along with a single-car garage. This versatile property is well-suited for both owner-occupancy and passive income generation. The strategic location in Penndel ensures high visibility and accessibility, making it an attractive proposition for both established businesses and new ventures. The combined retail and residential components offer a balanced and diversified investment portfolio, minimizing risk and maximizing returns. This is a rare opportunity to acquire a well-maintained, income-producing property in a desirable location. The property's size and configuration provide flexibility for future expansion or redevelopment, allowing for significant long-term growth potential. The asking price is $1,290,000.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $295,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $305,000
- 6.5%
- $280,000
- 7%
- $260,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $338,000
Market price range: $138k - $388k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $250,000 Current use
- MEDICAL BUILDING
- $310,000 Change: +25% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $300,000 Change: +21% Conversion: Easy
- AUTO REPAIR, GARAGE
- $295,000 Change: +17% Conversion: Difficult
- OFFICE BUILDING
- $240,000 Change: -3% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $230,000 Change: -9% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Penndel
- County
- Bucks
- State
- Pennsylvania
- Longitude
- -74.9123
- Latitude
- 40.1581
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA