538 STREET RD Southampton, PA 18966

Four, professional office suites (about 650 sq ft each) in an updated, well-maintained office building on the highly traveled Street Road corridor in Bucks County, PA! Three of the four office suites are currently rented, which presents an incredible opportunity to either have your office in a building you own or rent the fourth suite for a great, fully leased commercial rental investment property. Approximately $50,000 in capital improvements and updates in the past 3 years including: installation of new HVAC systems in each of the 4 suites, installation of state-of-the-art fire alarm system; new toilets in the powder rooms; new landscaping in front and rear of lot, roof maintenance performed with all sky lights sealed from inside and outside, pressure washed and stained emergency exit, all four suites and common area freshly painted and freshly paved and sealed parking lot and driveway. Located within minutes of major access roads, including Interstate 95, the PA Turnpike entrance, Route 1 (Roosevelt Blvd), Route 611 and Second Street Pike. Plenty of private off-road parking behind the office building included. The three, leased office suites plus two ground-level storage areas currently produce a total of $36,000 per year. New owner could INSTANTLY generate $46,800 rental income yearly with full occupancy which equates to a cap rate of 7.46%. ($46,800 minus expenses of $9554.95 per year = $37,245.05 (NOI) divided by sale price of $499,000 = cap rate of 7.46%). Attractive main, side entrance into this professional space makes for a great first impression. Four office suites total (two per floor), each with its own private bathroom, at least two conference rooms, open space, private entrance, cathedral ceilings and sky lights (top floor only) and separate utilities, including central air. Welcoming entrance ways and halls to each office suite, newer lighting, and stylish blinds/window coverings. A very bright, clean, and cheerful working environment with access to outdoor decks on each floor. No space is wasted! All office suites offer cable and are high speed internet ready with great cell phone reception. This property easily can be made handicap accessible with a stair lift system, no elevator. Copies of current leases available to serious, qualified buyers only. Rental option for Suite 101 listed for $900 per month, see rental listing. The rental is zoned CC which means "Controlled Commercial District". Approved usages can be found on the Upper Southampton Township Website under Licenses & Inspections, then go to the right column of that page under departments and click on "Codes Online", then scroll to Chapter 185 Zoning, click on Section 185-16 Tables of Use Regulation. Check for permitted uses under "CC" and look for the "P" which means permitted. Some examples of allowable usage are: business services including offices for real estate, stock & bond brokers, accountants, adjusters, appraisers, computer services, utility companies, including other wholesale business services which are predominantly office oriented AND professional services including but not limited to offices of physicians, lawyers, teachers, dentists, architects, engineers, insurance agents, opticians, medical and related offices.