23 Richard Rd, Ivyland, PA 18974-1512
- Warehouses
- 7,813 SF
Current Use by Public Records
- Warehouses
Property Details for 23 Richard Rd
- Year built
- 1973
- Zone code
- I1
- Property type
- Warehouses
- APN
- 31-001-004-008-023
- APU
- 31001004008023
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 3, 2025 | — | Mjmac2007 LLC | — | Deed · related | $419k · Empire State Certifed Development Corp |
| Aug 13, 2025 | $1,025,000 | Mjmac2007 LLC | Jb Richard Road LLC | Deed | $513k · Pnc Bank NA |
| Mar 29, 2016 | $585,000 | Jb Richard Road LLC | Ivyland Ventures LLC | Deed | $715k · Parke Bank |
Description
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.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,330,000
- 6.5%
- $1,230,000
- 7%
- $1,140,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $771,000
Market price range: $659k - $1.30M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $905,000 Current use
- RETAIL STORES
- $1,550,000 Change: +71% Conversion: Moderate
- NEIGHBORHOOD: SHOPPING CENTER
- $1,415,000 Change: +56% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Ivyland
- County
- Bucks
- State
- Pennsylvania
- Longitude
- -75.0605
- Latitude
- 40.2177
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
