501 St Rd, Southampton, PA 18966-3796
- Medical Office Space
- 9,062 SF
- 0.76 lot acres
Current Use by Public Records
- Emotional Harmony, LLC / Counselor
- Suburban Solutions Moving Bucks County / Moving Company
- Christina Young-Mi Young Mi Kim / Physician
- Laura Butterwick / Physician
- Chaset Pc / Medical Clinic
Property Details for 501 St Rd
- Year built
- 1840
- Lot size
- 0.76 lot acres
- Zone code
- CC
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 48-007-122
- APU
- 48007122
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Sep 15, 2004 | $1,900,000 | Brothers Management LLP | Pa Avenue Associates LLC | Grant Deed | $1.5M · Premier Bank |
| Apr 11, 2003 | — | Pa Avenue Associates LLC | Womens Medical Specialties | Grant Deed | $1.1M · Commerce Bank Pennsylvania NA |
| Jan 26, 1998 | — | Womens Medical Specialties Ass | — | Deed Of Trust · related | $1.3M · Commerce Bank |
| — | — | Womens Medical Specialties Ass | — | Deed Of Trust · related | $100k · Commerce Bank |
| — | — | Women's Medical Specialties | — | Deed Of Trust · related | $79k · Premier Bank |
Description
This exceptional investment opportunity presents a 12,640 square foot, 95% occupied medical and traditional office building situated on a 0.76-acre lot in Southampton, Pennsylvania. The Class B property, built in 1953 and renovated in 2010, features two buildings with two stories each, housing six units and five tenants. The property boasts a strong 6.55% cap rate with a Net Operating Income (NOI) of $147,458, and an asking price of $2,250,000 ($178.01 per square foot). The tenant mix includes a diverse range of businesses, providing investment diversification and resilience. A significant strength is a recently signed seven-year lease (with options) by a prominent recovery services tenant. The property benefits from a prime location on Street Road, near Route 232, with high traffic counts (22,489 vehicles per day). Amenities include ample parking (40 spaces per 1,000 sq ft). The lease structure is modified, with corporate guarantees in place for tenant credit. The building is well-maintained, with no deferred maintenance, and the roof and structure are the landlord's responsibility. Conveniently located near major roadways, including I-95 and the PA Turnpike, and within 45 minutes of Trenton Mercer Airport and Philadelphia International Airport. This is a compelling investment opportunity with significant upside potential.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,493,000
- AI Estimate
- $786,000
Market price range: $1.44M - $3.22MMarket price range: $591k - $1.91M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,795,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Southampton
- County
- Bucks
- State
- Pennsylvania
- Longitude
- -75.0477
- Latitude
- 40.1773
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
