1851 St Rd Warrington, PA 18976
- Warehouses
- 2,280 SF
- 0.56 lot acres
Sep 28, 2020
Current Use by Public Records
- Warehouses
Property Details for 1851 St Rd
- Year built
- 1970
- Lot size
- 0.56 lot acres
- Property size
- 2,280 SF
- Zone code
- R2
- Property type
- Warehouses
- APN
- 50-035-001
- APU
- 50035001
Description
This 2,195 square foot warehouse, situated on a 0.562-acre lot in Warrington, Pennsylvania (APN 50-035-001), presents a compelling investment opportunity. The single-story masonry building features one loading dock and approximately 6+ parking spaces, plus additional space in a vacant lot. The interior measures roughly 57' x 38.5', and includes attic storage. The property is conveniently located at 1851 Street Road, offering easy access to Route 132 and Neshaminy Avenue, with quick access to the Pennsylvania Turnpike. The building benefits from oil-fired hot air heating and A/C window units. Currently zoned R2- Medium Density-Non Conforming, this property has been successfully used as an industrial space since the 1970s. The asking price is $495,000, translating to $225.51 per square foot. This property is available immediately and offers excellent regional access, along with proximity to shopping and restaurants. This is a rare opportunity to acquire a well-located industrial property in a thriving area.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $275,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $390,000
- 6.5%
- $360,000
- 7%
- $335,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $399,000
Market price range: $184k - $399k -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $265,000 Current use
- RETAIL STORES
- $450,000 Change: +70% Conversion: Moderate
- NEIGHBORHOOD: SHOPPING CENTER
- $415,000 Change: +56% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Warrington
- County
- Bucks
- State
- Pennsylvania
- Longitude
- -75.1323
- Latitude
- 40.2261
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA