Historical Office Sale Listing - Woodbourne Professional Offices

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Woodbourne Professional Offices

1723 Woodbourne Avenue, Levittown, PA 19057

N/A

21,486 SF | Office

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Office Property - Off Market

Price:
N/A
Building Size:
21,486 SF
Property Type:
Office
Property Sub-type:
Office Building
Property Use Type:
Investment
Commission Split:
3%
Building Class:
B
Tenancy:
Multiple
Lot Size:
5.38 AC
APN / Parcel ID:
22055224001
Listing ID
17317399
Last Updated
over 1 year ago

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.

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

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