1502 Haines RdLevittown, PA 19055

For Sale
$2,400,000

2.03-acre commercial site, high income potential.

Overview

Added:
Dec 11, 2024
Days on market:
96
This exceptional 2.03-acre commercial property in Levittown, Pennsylvania, presents a lucrative redevelopment opportunity. Located on Bristal Pike, near I-95 exit 6, this income-producing site boasts four existing retail buildings with four tenants, one owner-occupied office for property management, and a three-bedroom apartment. Additionally, the property generates income from month-to-month leases for 41 container storage units and 10 outdoor fenced storage yards. Zoning approval is already in place for a 107-unit modern self-storage facility, with architect and engineer plans included in the sale price of $2,400,000. These plans allow for the retention of the existing retail buildings. Alternatively, the site is well-suited for redevelopment into a community retail strip center, a quick-service restaurant (QSR) pad site, or a car wash. The property's prime location and existing cash flow make it an attractive investment for developers seeking significant returns. The sale includes zoning approval, architect plans, and engineer plans for the self-storage project. Note that the build-out of the storage buildings and any groundwork are not included in the sale price. The projected annual rental income for the proposed 107 self-storage units ranges from 3'x6' to 8'x30' and is estimated at $16,238.00. This property offers a unique blend of immediate income and substantial future development potential.

Highlights

  • 2.03-acre commercial redevelopment opportunity in Levittown, PA, on Bristal Pike near I-95 exit 6.
  • Income-producing property with four retail buildings (four tenants), one owner-occupied office, and a three-bedroom apartment. Also includes 41 container storage units and 10 outdoor fenced storage yards under month-to-month leases.
  • Zoning approval for a 107-unit self-storage facility is in place, with architect and engineer plans included in the $2,400,000 sale price. Existing retail buildings can be retained.
  • Alternative redevelopment options include a community retail strip center, QSR pad site, or car wash.
  • Projected annual rental income for the proposed 107 self-storage units is $16,238. The sale includes zoning approval, architect plans, and engineer plans; build-out and groundwork are not included.

Location Insight

City
Levittown
County
Bucks
State
Pennsylvania
Latitude
40.1336494
Longitude
-74.8304807
1502 Haines Rd, Levittown, Pennsylvania

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1502 Haines Rd
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