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242 Wood St 5,872 SF 100% Leased Office Building Doylestown, PA 18901 $1,350,000 ($229.90/SF)
Investment Highlights
- Mixed-use configuration with both residential and retail components.
- On-site parking lot with 15 spaces, a valuable feature in the downtown area.
- Walking distance to shops, dining, and cultural attractions in Doylestown.
- Located in Doylestown Borough’s Central Commercial district with flexible zoning.
- Brick construction on a 0.12-acre lot, providing durability and low maintenance.
- Easy access to major highways and regional transportation routes.
Executive Summary
This mixed-use property at 242 Wood Street offers a unique investment opportunity in the heart of Doylestown Borough, a vibrant and historic community in Bucks County, Pennsylvania. Positioned within walking distance of downtown amenities, the property combines residential, office and retail potential, making it an attractive option for investors seeking stable income and long-term appreciation.
The building features a brick exterior and is situated on a 0.12-acre lot with a dedicated parking lot providing 15 spaces, a rare advantage in this high-demand area. The property includes multiple units, with two apartments currently occupied on month to month lease, offering immediate leasing flexibility. Both tenants would accept longer term leases. Retail or office space on the ground floor enhances income diversity and positions the property for strong tenant demand.
Located in the Central Commercial zoning district, the property supports a variety of uses, including apartment, office and general retail, allowing for multiple tenancy options. With proximity to major roadways, public transportation, and the cultural and dining attractions of Doylestown, this asset is well-suited for investors looking to capitalize on a thriving local economy and a desirable residential and commercial market.
The building features a brick exterior and is situated on a 0.12-acre lot with a dedicated parking lot providing 15 spaces, a rare advantage in this high-demand area. The property includes multiple units, with two apartments currently occupied on month to month lease, offering immediate leasing flexibility. Both tenants would accept longer term leases. Retail or office space on the ground floor enhances income diversity and positions the property for strong tenant demand.
Located in the Central Commercial zoning district, the property supports a variety of uses, including apartment, office and general retail, allowing for multiple tenancy options. With proximity to major roadways, public transportation, and the cultural and dining attractions of Doylestown, this asset is well-suited for investors looking to capitalize on a thriving local economy and a desirable residential and commercial market.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
5,872 SF
Building Class
C
Year Built
1970
Price
$1,350,000
Price Per SF
$229.90
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,936 SF
Building FAR
0.61
Lot Size
0.22 AC
Zoning
CC - This zoning designation allows for various commercial uses, including apartment, retail, office, and service businesses, within a defined area.
Parking
12 Spaces (2.04 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
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Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 08-004-091 | Improvements Assessment | $44,290 |
| Land Assessment | $7,200 | Total Assessment | $51,490 |
Property Taxes
Parcel Number
08-004-091
Land Assessment
$7,200
Improvements Assessment
$44,290
Total Assessment
$51,490
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Contact the Sale Advisor
242 Wood St