640 Lincoln Hwy Langhorne, PA 19047-2905
- Drive through restaurants
- 3,686 SF
- 0.96 lot acres
Current Use by Public Records
- The Burger Den / Restaurant
- The Meltdown / Delivery Restaurant
Property Details for 640 Lincoln Hwy
- Year built
- 1973
- Lot size
- 0.96 lot acres
- Property size
- 3,686 SF
- Zone code
- C
- Property type
- Drive through restaurants
- APN
- 22-041-026
- APU
- 22041026
Description
This 3,686 sq ft vacant restaurant building in Langhorne, PA, is situated on a one-acre lot along heavily trafficked Route 1 (Lincoln Highway), boasting 19,251 vehicles per day. Formerly a Denny's, this property offers a fully equipped kitchen, ideal for a restaurant owner/user or developer. Located near Langhorne Square Shopping Center (anchored by Redners, Planet Fitness, and Floor & Décor) and across from Lowe's, it benefits from a dense population (87,427 within three miles) with a high average household income ($130,612). The property features 28 dedicated parking spaces and multiple points of ingress/egress, ensuring easy access. With its prime location, high visibility, and existing infrastructure, this property presents a significant opportunity. The asking price is $1,800,000, translating to $488.33 per square foot. Built in 1973, the single-story building is zoned for commercial use. The property is currently vacant, with an occupancy date of July 29, 2024.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,585,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,170,000
- 6.5%
- $1,250,000
- 7%
- $1,275,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,015,000
- Geo Method
- $1,270,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,250,000
- Retail
- $1,205,000
- Mixed-Use
- $1,090,000
- Hospitality
- $1,265,000
- Educational
- $1,015,000
- Residential Income
- $1,005,000
- Energy
- $1,085,000
- Income-Based Land
- $1,270,000
- Food Service
- $1,280,000
Location Insight
- Map
- Local Demand
- City
- Langhorne
- County
- Bucks
- State
- Pennsylvania
- Longitude
- -74.9047
- Latitude
- 40.1642
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA