853 2Nd Street Pike Richboro, PA 18954

Property Details for 853 2Nd Street Pike

Year built

1983

Property size

1,485 SF

Zone code

C2

Property type

Office Properties & Spaces

APN

31-018-017-00A-001

APU

3101801700A001

Description

This exceptional investment opportunity presents a 1,396 square foot medical office condo located at 853 Second Street Pike in Richboro, Pennsylvania. Currently leased until November 2028, with a built-in option to extend, this property offers a secure and stable income stream. The lease includes a minimal annual rent increase of 4%, ensuring consistent growth in rental income. The unit itself comprises 1,396 square feet and includes a portion of the common hallway. This is a turnkey investment, requiring minimal management. The property is ideally suited for investors seeking a reliable, long-term return. Condo fees are structured at $2.75 per square foot, billed semi-annually, providing transparency in ongoing costs. The asking price for this prime medical office space is $179,900. Given the existing lease and projected rental increases, this property represents a compelling investment opportunity in a desirable location. The long-term lease significantly mitigates vacancy risk, making this an attractive option for investors seeking passive income and capital appreciation. Detailed financial projections are available upon request. This is a rare chance to acquire a well-located, income-producing asset with a proven track record. Serious inquiries only.

Location Insight

City

Richboro

County

Bucks

State

Pennsylvania

Longitude

-75.0123

Latitude

40.2099

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments