501 Street Rd Southampton, PA 18966

Property Details for 501 Street Rd

Year built

1840

Lot size

0.76 lot acres

Property size

9,062 SF

Zone code

CC

Property type

Medical offices

Property subtype

Medical centers

APN

48-007-122

APU

48007122

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.

Location Insight

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

Property Tax & Assessments