218 New Street - R.M. Taylor Bldg
Quakertown, PA 18951 - Upper Bucks County Submarket
Property Type:OfficeSub Type:-Status:Existing Year Built:1910Stories:3Typical Floor:3,865 SFBuilding Size:11,596 SF
For Sale Price:$325,000Price/SF:$28.03Cap Rate:-
Building has undergone major renovations including a new roof. Current use is a Design Center occupying the second & third floors. Majority of first floor tenant occupied. Property is zoned for apartment conversion. Possible office conversion with up to 30 offices. Sprinkler system, hardwood, ADA accessible to first floor. Entire building is wired for sound. Phase I & Phase II completed. Each floor zoned separately for heat & electric.
Sale Notes:
Great building with lots of potential. It could be an apartment or condo conversion. It would make great offices for a single user or multi-user space. Numerous improvements have been done in the last few years making this property a real consideration at a great price. Lender owned REO property. Come and take a look at the possibilities!
Near the intersection of Hellertown Ave and New Street.... a couple blocks from Route313 in the Boro of Quakertown.
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the above is a quote from a website. its been reduced to $275k. and i dont think it has tenants but its good to know that It has had tenants recently and that its fit to rent out as is. separate electrical for each floor.
my plan would be to convert the to floor (4,000 sf per floor) to residential and rent out bottom two commercial floors to cover taxes and mortgage. i would bet that top floor has open rafters with the pitched roof and would make a great shared live/work space with common area kitchen and bath. pleasant neighborhood and with phase one and two of renovation done it sound turnkey ready. screw phase three, keep it open plan downstairs, rent out whole 4,000 sf floors. landscaping is done too. even wheel chair access for 1st floor. off street parking.
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the above is a quote from a website. its been reduced to $275k. and i dont think it has tenants but its good to know that It has had tenants recently and that its fit to rent out as is. separate electrical for each floor. my plan would be to convert the to floor (4,000 sf per floor) to residential and rent out bottom two commercial floors to cover taxes and mortgage. i would bet that top floor has open rafters with the pitched roof and would make a great shared live/work space with common area kitchen and bath. pleasant neighborhood and with phase one and two of renovation done it sound turnkey ready. screw phase three, keep it open plan downstairs, rent out whole 4,000 sf floors. landscaping is done too. even wheel chair access for 1st floor. off street parking.
- bill 9-28-2012 6:29 pm