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Property profile & analytics
FOR LEASE
Retail space

2385 John Fries Hwy Red Hill, PA 18951

6,000 SF 12.48 ac lot Built 1970
Entity Owned 15-yr Hold ~ Est. High Equity
Property ID
US73-0209718
Property summary
AI-generated overview

The Route 663 Business Center, located at 2385 John Fries Hwy in Quakertown, PA 18951, offers a diverse range of flexible commercial spaces. This Class A property, built in 1969, comprises two single-story buildings totaling 46,400 square feet. Currently, 15,779 square feet are available, divisible into units as small as 1,171 square feet, with a maximum contiguous space of 11,250 square feet. The property features convenient amenities for businesses, including four loading docks, three drive-in bays, and ample parking with 100 spaces. Its strategic location on heavily trafficked Route 663, with easy access to Route 309 and the Pennsylvania Turnpike, ensures high visibility and convenient transportation. The property is zoned RD and situated in Bucks County. The building is suitable for multiple tenants and offers a variety of space options to accommodate diverse business needs. This well-maintained property provides a functional and efficient workspace, ideal for businesses seeking a strategic location with excellent accessibility. The five existing suites offer a variety of configurations, allowing for customization to meet specific requirements. The property's robust infrastructure and convenient location make it an attractive option for a wide range of businesses.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1970
Total area 6,000 SF
Lot 12.48 ac (543,629 SF)
Zoning code RD
APN 23-010-175-003
UPID US73-0209718
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • One Week Kitchens General Contractor
  • Re-Bath Quakertown Renovation Specialist General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.34M
Comparable Approach Comparable
$752k
Blend (final) Blend
$1.09M
Owner & transaction history
Krevitz Family LP · 15 yrs held
Krevitz Family LP
since 2011
5 recorded transactions
2024
Price N/A
2011
$1.6M
2003
$951
1997
Price N/A
1969
Price N/A
Zoning & alternative use
RD · Quakertown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $1.6M +38.0%
Medical building $1.5M +24.6%
Commercial (general) $1.4M +20.8%
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More about this property
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