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419 York Rd 5,502 SF 100% Leased Retail Building New Hope, PA 18938 $1,475,000 ($268.08/SF) 6.68% Cap Rate
INVESTMENT HIGHLIGHTS
- Large first floor level for commercial Tenant
- Parcel features extensive parking for tenants and visitors
- Second floor, 2br. / 1 bath apartment with parquet floors and extensive views of wooded lot
- Second floor tenant , "new" two year lease
EXECUTIVE SUMMARY
This mixed-use, 5,502 sft.(+/-), two Tenant property is a solid income generator, situated on 1.28 acres. The first-floor long term commercial tenant is well established with an extended lease w/options and occupies approximately 3,630 sft. The second floor 2bdrm / 1 bath residential apartment is approximately 1,255 sft., and features parquet floors, balcony, and views of the wooded parcel surrounding the building. There is a 617 sft. workshop, at grade level that could be rented out or used by the owner for personal hobbies. The property is serviced by private water and septic. Key extensive capital improvements within the last two years include: New roof, hot water heater; new electric panel, 2 new skylights, new well pump and well tank, new second floor escape ladder and a Trane HVAC unit. If seriously interested, please call for a non-disclosure form to review leases and to view the property. Only serious "qualified" buyers are invited to tour the building.
FINANCIAL SUMMARY (PRO FORMA - 2026) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$129,638
|
$23.56
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$129,638
|
$23.56
|
| Taxes |
$12,915
|
$2.35
|
| Operating Expenses |
$18,187
|
$3.31
|
| Total Expenses |
$31,102
|
$5.65
|
| Net Operating Income |
$98,536
|
$17.91
|
FINANCIAL SUMMARY (PRO FORMA - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $129,638 |
| Annual Per SF | $23.56 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $129,638 |
| Annual Per SF | $23.56 |
| Taxes | |
|---|---|
| Annual | $12,915 |
| Annual Per SF | $2.35 |
| Operating Expenses | |
|---|---|
| Annual | $18,187 |
| Annual Per SF | $3.31 |
| Total Expenses | |
|---|---|
| Annual | $31,102 |
| Annual Per SF | $5.65 |
| Net Operating Income | |
|---|---|
| Annual | $98,536 |
| Annual Per SF | $17.91 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,502 SF
Building Class
C
Year Built
1978
Price
$1,475,000
Price Per SF
$268.08
Cap Rate
6.68%
NOI
$98,537
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.10
Lot Size
1.28 AC
Zoning
HC - Highway Commercial zoning is for areas along major roads, allowing for a variety of commercial uses such as retail stores, offices, service businesses
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 41-022-148 | Total Assessment | $77,740 (2025) |
| Land Assessment | $8,800 (2025) | Annual Taxes | $12,915 ($2.35/SF) |
| Improvements Assessment | $68,940 (2025) | Tax Year | 2026 |
PROPERTY TAXES
Parcel Number
41-022-148
Land Assessment
$8,800 (2025)
Improvements Assessment
$68,940 (2025)
Total Assessment
$77,740 (2025)
Annual Taxes
$12,915 ($2.35/SF)
Tax Year
2026
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419 York Rd
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