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132 Bellevue Ave 2,500 SF 100% Leased Office Building Penndel, PA 19047 $375,000 ($150/SF)
Investment Highlights
- Four-unit income property with FHA commercial eligibility.
- Two turnkey apartments with strong rental comps.
- Live-work or full investment flexibility. Offered as a standalone asset at 132 Bellevue Avenue.
- High-visibility location ideal for office or residential use.
- Private rear entry and yard for added tenant appeal.
Executive Summary
132 Bellevue Avenue offers a compelling investment opportunity in one of Richmond’s most visible and versatile corridors. This mixed-use property features four income-producing units and is eligible for FHA’s commercial 4-unit financing, making it ideal for both seasoned investors and owner-occupants seeking a hybrid live-work setup.
The building’s layout supports a range of uses—from public-facing offices and private practices to full residential occupancy. With private rear access and a yard, the property offers privacy and convenience for tenants or owners. The two upper-level apartments are in move-in ready condition, with market rents estimated between $1,800 and $2,200 per month, providing immediate income potential.
Strategically located in a high-traffic area, 132 Bellevue Avenue benefits from excellent visibility and accessibility, making it a prime candidate for professional services, boutique offices, or residential leasing. Whether you choose to occupy one unit and lease the others, or operate the entire property as a cash-flowing investment, this asset delivers flexibility and upside in a sought-after Richmond neighborhood.
The building’s layout supports a range of uses—from public-facing offices and private practices to full residential occupancy. With private rear access and a yard, the property offers privacy and convenience for tenants or owners. The two upper-level apartments are in move-in ready condition, with market rents estimated between $1,800 and $2,200 per month, providing immediate income potential.
Strategically located in a high-traffic area, 132 Bellevue Avenue benefits from excellent visibility and accessibility, making it a prime candidate for professional services, boutique offices, or residential leasing. Whether you choose to occupy one unit and lease the others, or operate the entire property as a cash-flowing investment, this asset delivers flexibility and upside in a sought-after Richmond neighborhood.
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
2,500 SF
Building Class
C
Year Built/Renovated
1971/1995
Price
$375,000
Price Per SF
$150
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,250 SF
Slab To Slab
9’
Building FAR
1.01
Lot Size
0.06 AC
Zoning
32RC - Commercial
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Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
70/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 32-005-029 | Improvements Assessment | $21,680 |
| Land Assessment | $3,920 | Total Assessment | $25,600 |
Property Taxes
Parcel Number
32-005-029
Land Assessment
$3,920
Improvements Assessment
$21,680
Total Assessment
$25,600
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132 Bellevue Ave
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