23 Richard Rd Ivyland, PA 18974-1512
This 7,840 square foot industrial flex condominium in Warminster, PA, offers a versatile space ideal for various business needs. Located at 23 Richard Road within the Northampton Township Business & Technology Center, this single-story property features approximately 700 square feet of office space and 7,140 square feet of warehouse space. The warehouse boasts an 18-foot clear ceiling height, concrete floors, and two drive-in doors with an adaptable rear ramp for potential loading dock configuration. The property is equipped with 200 amp, 3-phase, 220-volt power and public water and sewer connections. Zoned I1-Planned Industrial/Office, this property is well-suited for a range of industrial and office uses. The asking price is $1,250,000, translating to $159.44 per square foot. This prime location in Bucks County offers strategic advantages for businesses seeking a dynamic industrial setting. The functional layout, ample space, and convenient amenities make this property an excellent investment opportunity. The property is part of a thriving business park, fostering innovation and growth within the Northampton Township municipality. This single-unit condominium provides a self-contained and efficient workspace.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
I1 · Ivyland, PACosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.