This Office Property is Off-Market.

1723 Woodbourne Avenue
Levittown, PA 19057 ·

21,486 SF · Office For Sale

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Woodbourne Professional Offices

Price N/A Commission Split 3%
Building Size 21,486 SF Building Class B
Property Type Office Tenancy Multiple
Property Sub-type Office Building Lot Size 5.38 AC
Property Use Type Investment APN / Parcel ID 22055224001
Listing ID: 17317399 Date Created: 09/02/2011 Last Updated: 07/21/2013

Description

Large vacancy equals strong potential, making this a strong buy for those with vision and cash. Woodbourne Professional Office Center is a 21,486 square foot 2-story office building located on Woodbourne Road in Levittown, Bucks County, PA. There is excellent exposure to traffic in a densely populated area.

This building consists of 13 suite configurations ranging from 101 SF to 6,460 SF. The vacancy has created an excellent opportunity for an investor or user with cash, as this property is priced below $62 per square foot!

The building was built in 1978, and renovated in 2001. It has a private parking lot with 119 spaces, which allows 7 spaces for every 1000 SF of office, way above the norm. The operating expenses are low at approximately $3.75 per SF including taxes, common area insurance, and common area maintenance.

Because of this extremely low price, it would be possible to fill the space at just $10 NNN ($13.50 gross) and enjoy a cap rate of at least 16.5%!

Located on heavily traveled Woodbourne Road in the heart of Levittown, Middletown Township, Bucks County, PA.

Research

1723 Woodbourne Avenue, Levittown, PA 19057 (Bucks County)

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