17 State St Doylestown, PA 18901
- Retail residential properties
- 5,405 SF
- 0.06 lot acres
Current Use by Public Records
- Retail residential properties
Property Details for 17 State St
- Year built
- 1921
- Lot size
- 0.06 lot acres
- Property size
- 5,405 SF
- Zone code
- CC
- Property type
- Retail residential properties
- APN
- 08-008-257
- APU
- 8008257
Description
This exceptional mixed-use property, located at 17 W State Street in the heart of Doylestown Borough, Pennsylvania, presents a compelling investment opportunity. The 5,200 square foot building sits on a 0.06-acre lot and is currently fully occupied by a diverse mix of long-term tenants, ensuring consistent rental income. The ground floor is occupied by an established home goods retailer, a tenant since 2020, who has significantly grown their business within this prime location. The second floor houses a well-established yoga studio, a fixture in the community for over 15 years, demonstrating the property's enduring appeal. The third floor is a residential apartment, experiencing only short vacancy periods between occupants. All utilities are separately metered for efficient management and cost allocation. This property offers a unique blend of commercial and residential income streams, providing stability and potential for future appreciation in a highly desirable downtown Doylestown location. The asking price is $1,675,000. This is an excellent opportunity to acquire a stable, income-producing asset in a thriving borough. The long-term tenants and established businesses contribute to a low-risk, high-return investment profile. The property's central location provides easy access to local amenities, transportation, and a vibrant community.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,550,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,445,000
- 6.5%
- $1,420,000
- 7%
- $1,400,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,180,000
- Geo Method
- $1,580,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,515,000
- Retail
- $1,195,000
- Mixed-Use
- $1,240,000
- Hospitality
- $1,285,000
- Educational
- $1,230,000
- Residential Income
- $1,465,000
- Energy
- $1,245,000
- Income-Based Land
- $1,210,000
- Food Service
- $1,490,000
Location Insight
- Map
- Local Demand
- City
- Doylestown
- County
- Bucks
- State
- Pennsylvania
- Longitude
- -75.131
- Latitude
- 40.3099
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
