$725,000
$750,000
3.3%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 04/04/2024
Key Details
Sold Price $725,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PABU2058760
Sold Date 04/04/24
Originating Board BRIGHT
Year Built 1981
Annual Tax Amount $11,539
Tax Year 2023
Lot Dimensions 0.00 x 0.00
Property Description
SkyRun II Business Center, Unit #A, offers an attractive investment opportunity in the commercial real estate market, tailored for forward-thinking business investors. This two-story end-unit commercial condo encompasses a substantial 8,000 square feet, housing 14 versatile office suites (Suites A1-A14) and four well-appointed bathrooms. The ground floor, spanning 4,000 square feet, is fully occupied by three separate business entities, demonstrating strong tenant demand and stability. This level features a unique combination of workspace and convenience, including a heated and cooled garage and three of the property's four bathrooms. The second floor has undergone a strategic transformation to maximize its income potential. Originally home to five office spaces, the largest suite was ingeniously reconfigured into seven additional office suites. This renovation has expanded the second floor's offerings to 11 rentable spaces, enhancing the building's appeal to a diverse range of businesses. This leaves three newly constructed suites available for you to occupy or to take the rental income potential to its highest ability. The addition of these new office suites is projected to increase the annual gross rental income by an additional $30,300, raising the property's total potential income to an impressive $108,870. Investors will appreciate the recent upgrades to the building's infrastructure. In 2022, a new rubber and silicone roof was installed, coming with a transferable 50-year warranty. This investment in quality extends to new furnaces installed on both floors, ensuring comfort and efficiency. Included in the uploaded documents is a Net Operating Income Worksheet, providing a transparent and detailed financial overview of the property. SkyRun II Business Center Unit #A is more than just a real estate investment; it's a well-positioned asset in a vibrant business community, offering a blend of steady income and growth potential, ideal for discerning investors seeking to expand their portfolio.
Location
State PA
County Bucks
Area Buckingham Twp (10106)
Zoning P1- INDUSTRIAL
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Flooring Carpet, Ceramic Tile
Heat Source Natural Gas
Exterior
Garage Spaces 14.0
Utilities Available Cable TV Available, Electric Available, Natural Gas Available, Phone Available, Under Ground
Waterfront N
Water Access N
Roof Type Rubber
Accessibility Level Entry - Main, Grab Bars Mod
Parking Type Parking Lot
Total Parking Spaces 14
Garage N
Building
Sewer Public Sewer
Water Well
New Construction N
Schools
School District Central Bucks
Others
Tax ID 06-004-010-001-04A
Ownership Condominium
Special Listing Condition Standard
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