Sold
Listed By:
RE/MAX Centre Realtors
Sold By:
Non Subscribing Office
Address
4050 Skyron Drive # A, Suites 1-14, Doylestown, PA
Price
$ 725,000
Property Attributes
  • MLS#PABU2058760
  • TypeCommercial
  • CountyBUCKS
  • CityDoylestown
  • Zip18902
  • Style
  • Price$ 725,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage8000
Data Source:
Bright MLS
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.

Price History
11/10/2023 Listed $750,000

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 18902

Price
AVG $530K
$730K