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1 Plumbridge Dr 1,897 SF Office Building Levittown, PA 19056 $439,900 ($231.89/SF)

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EXECUTIVE SUMMARY

Many different commercial or professional possibilities available with multiple units allowed and all with separate entrances. Extremely high traffic corner location and substantial visibility including signage on major artery and close proximity to I 95 and US 1. High density of population within 1 mile with almost 1000 apartment units plus single homes and much commercial businesses. Building can be used as 1, 2 or 3 units. Currently being used as 3 units ( insurance office, accounting office, residential boarding unit (2nd floor) with owner occupying 1 of the units but commercial zoning allows for other commercial uses. Currently, boarding unit is rented month to month for $1000/month and accounting office rents $600/month. Owner pays all utilities as there is 1 HVAC unit and electric meter for the entire building. Building is in excellent move in condition with newer heat and central air conditioning, new roof 2022 and first floor bathroom currently being remodeled. See attachments for floor plan, parking plan, and tax map parcel. Property survey is available upon request.
Fantastic opportunity for a business owner to operate with almost 1600 sf. and/or collect rent to support mortgage. Owner will lease back for 2 small rooms with a separate entrance.
Property is priced as a business owner occupied property, with added rental income. It is NOT priced as an investment property. 90% financing available through SBA for qualified owner/user buyer. Monthly payment of principal and interest would be $2800/month and with $1600/month rental income, net mortgage payment to owner is only $1200/month.
Property has been a well known as a business location in the area since the 1960’s and continues to bring in business for current business occupants.
Current owner is looking to downsize to smaller quarters and will lease back 2 small rooms with separate entrance of building.

FINANCIAL SUMMARY (ACTUAL - 2022)

ANNUAL ANNUAL PER SF
Taxes $6,300 $3.32
Operating Expenses - -
Total Expenses $6,300 $3.32

FINANCIAL SUMMARY (ACTUAL - 2022)

Taxes
Annual $6,300
Annual Per SF $3.32
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $6,300
Annual Per SF $3.32

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
1,897 SF
Building Class
C
Year Built/Renovated
1955/2020
Price
$439,900
Price Per SF
$231.89
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,897 SF
Building FAR
0.14
Lot Size
0.32 AC
Zoning
05R3 - mixed used commercial/residential
Parking
12 Spaces (6.33 Spaces per 1,000 SF Leased)

AMENITIES

  • Day Care
  • Fenced Lot
  • Security System
  • Signage
  • Reception
  • Air Conditioning
  • Smoke Detector

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Finance and Insurance
  • 800 SF
  • -
  • TBD
  • -

The State Farm® mission is to help people manage the risks of everyday life, recover from the unexpected and realize their dreams. Their vision for the future is to be the customer's first and best choice in the products and services they provide. They will continue to be the leader in the insurance industry and they will become a leader in the financial services arena. Their customers' needs will determine their path. Their values will guide them. They are people who make it their business to be like a good neighbor; who built a premier Company by selling and keeping promises through their marketing partnership; who bring diverse talents and experiences to their work of serving the State Farm customer. Their success is built on a foundation of shared values — quality service and relationships, integrity and financial strength. Their company mission is to help people manage the risks of everyday life, recover from the unexpected, and realize their dreams.

  • TBD
  • Real Estate
  • 600 SF
  • -
  • TBD
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Finance and Insurance 800 SF - TBD -
TBD Real Estate 600 SF - TBD -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
05-021-044
Land Assessment
$5,800 (2025)
Improvements Assessment
$17,460 (2025)
Total Assessment
$23,260 (2025)
Annual Taxes
$6,300 ($3.32/SF)
Tax Year
2022
  • Listing ID: 29359741

  • Date on Market: 8/24/2023

  • Last Updated:

  • Address: 1 Plumbridge Dr, Levittown, PA 19056

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