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Property profile & analytics
FOR SALE
Office buildings

351 W Philadelphia Ave Morrisville, PA 19067

20,400 SF 3.16 ac lot Built 1999
Entity Owned 13-yr Hold ~ Est. High Equity
Property ID
US73-0434491
Property summary
AI-generated overview

This exceptional commercial property, located at 351 West Philadelphia Avenue in Morrisville, Pennsylvania, presents a significant opportunity. The 20,400 square foot building is situated on a substantial 3.16-acre lot, with an additional 3 acres available for lease, offering significant expansion potential. The property's zoning allows for a variety of uses, including C2 (Shopping Center) and HI (Heavy Industrial) classifications, providing flexibility for diverse business needs. The building itself is a two-story structure currently fully vacant, presenting a blank canvas for immediate occupancy and customization. The entire 20,400 square feet is available for lease, making it ideal for a single large tenant or potentially divisible for multiple occupants. Its warehouse and distribution subtype makes it suitable for logistics, storage, or light manufacturing. The property's location in Morrisville, Bucks County (zip code 19067), offers convenient access to major transportation routes, enhancing logistical efficiency. This is a rare opportunity to acquire a substantial warehouse property with significant land holdings in a desirable location. The combination of size, zoning flexibility, and location makes this property an attractive investment for businesses seeking to establish or expand their operations in the thriving Bucks County market. Contact us today to learn more about this exceptional opportunity.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1999
Total area 20,400 SF
Lot 3.16 ac (137,650 SF)
Zoning code C3
APN 24-010-001
UPID US73-0434491
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.79M
Blend (final) Blend
$2.91M
Owner & transaction history
3gmc Realty LP · 13 yrs held
3gmc Realty LP
since 2012
4 recorded transactions
2022
Price N/A
2021
Price N/A
2012
$1.0M
2000
Price N/A
Zoning & alternative use
C3 · Morrisville, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $4.7M +10.7%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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