This property is Off-Market
1723 Woodbourne Avenue
Levittown, PA 19057 ·
21,486 SF · Office For Sale
Woodbourne Professional Offices
|Building Size||21,486 SF||Building Class||B|
|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|
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.
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