1841 Lincoln Hwy Langhorne, PA 19047-5041

Property Details for 1841 Lincoln Hwy

Year built

1967

Lot size

0.64 lot acres

Property size

9,348 SF

Zone code

R2

Property type

Auto shops

APN

22-016-126-001

APU

22016126001

Description

This fee-simple property, located at 1841 W Lincoln Hwy in Langhorne, Pennsylvania (zip code 19047), presents a compelling value-add investment opportunity. The 9,036 square foot building sits on a 0.79-acre lot and is currently 100% occupied by a Maaco franchisee under a Net Net Net (NNN) lease expiring October 1, 2027 (2.9 years remaining). The asking price is $1,443,000, representing a price per square foot of $159.69 and a land value of $42.07 per square foot. The property generates a current Net Operating Income (NOI) of $93,763, resulting in a 6.50% capitalization rate. Annual rent increases are the lesser of 3% or the Consumer Price Index (CPI), offering inflation protection. The property is zoned C (Commercial), allowing for potential alternative uses given its size and high traffic location (approximately 27,000 vehicles daily). The property is situated in the Philadelphia MSA, benefiting from a population of approximately 235,000 residents within a 5-mile radius. This single-story building offers a recession-resistant investment in the auto body repair industry, with no lease options remaining. The property's location on West Lincoln Highway provides excellent visibility and accessibility.

Location Insight

City

Langhorne

County

Bucks

State

Pennsylvania

Longitude

-74.9379

Latitude

40.1536

CBSA code

37980

CBSA name

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

Property Tax & Assessments