670 Woodbourne Road 704 & 706, Langhorne, Pennsylvania 19047
Listing IDPABU2016766
Price$6,500,000
StatusACTIVE
CountyBucks
Year Built2005
Property TypeCommercial Sale
Property Sub TypeServices
ASC (SURGICAL/MEDICAL) FACILITY INVESTMENT @ 7+/-cap
Great investment opportunity of a Class C medical/surgical center (Class C is the surgical status, not the building status) in a premiere Bucks County location. New long term NNN lease is currently being negotiated and will commence upon sale of property which will yield a 6.8 - 7 cap rate at an anticipated purchase price.
It is currently operating and a fully equipped turn-key Class C medical/surgical center in Langhorne, Bucks County just outside Oxford Valley Mall in beautiful professional/medical condo office park and very close and easy accessibility to all major highways, interstate and turnpikes. Facility encompasses over 10,000 square feet with 7400 square feet in the full surgical center comprising 2 full operating rooms and 2700 square feet in the medical center. It is one building but its operations are separated by an entry vestibule and they are completely independent with separate entrances, but have interior access between them for staff only.
The surgical center has 2 full operating rooms and 6 recovery stations along with reception, waiting room, locker and changing rooms, medical supply room, break room, etc.
The medical center has reception, waiting room, exam rooms, offices, changing room w/showers, supply room, etc.
The facility is in excellent condition and much effort is taken to keep the facility free and clear of contamination.
This is a solid secure investment in the medical industry in a high per capita income location.
County
Bucks
Property Sub Type
Services
Property Type
Commercial Sale
Subdivision
CORNERSTONE
Year Built
2005
Zoning
MI
Building Total SqFt Source
Assessor
Central Air
yes
Cooling Type
Central A/C
Flooring Type
Carpet, Ceramic Tile
Heating
yes
Heating Type
Forced Air, Central
Building Units Total
2
Construction Materials
Masonry, Shingle Siding, Stucco
Cooling Fuel
Electric
Electric Service
Circuit Breakers, Underground
Foundation Details
Slab
Heating Fuel
Natural Gas
Hot Water
Natural Gas
Lot Dimensions Source
Assessor
Lot Size Dimensions
0.00 x 0.00
Lot Size Source
Assessor
Lot Size Units
Square Feet
New Construction
no
Parking Features
Lighted Parking, Paved Parking
Roof
Architectural Shingle
Sewer Septic
Public Sewer
Tidal Water
no
Type of Parking
Parking Lot
Utilities
Under Ground
Water Access
no
Water Oriented
no
Water Source
Public
Water View
no
Building Name
CORNER BUILDING BACKING TO WOODS
Country
US
Location Type
Business Park
MLS Area
Middletown Twp (10122)
Municipality
MIDDLETOWN TWP
Transportation
Commuter Rail Station less than 1 mile
Waterfront
no
Zoning Description
medical office
Accessibility Features
48"+ Halls, Level Entry - Main, No Stairs, Wheelchair Mod
Builder Name
Coleman Roach
Building Classification
Class B
Business Type
Medical, Professional
Days on Market
430
Historic
no
Land Use Code
4400
Municipal Trash
no
Potential Tenancy
Multiple
Property Condition
Excellent
Property Manager
N
Property Use
Investment
Year Assessed
2023
Year Built Source
Estimated
Acceptable Financing
Cash, Conventional
Automatically Update Tax Values
yes
Cap Rate
6.8
Gross Income
443388
Gross Scheduled Income
443388
Income Includes
Professional Offices
Lease Considered
no
Net Operating Income
443388
Net SqFt
10077
Ownership Interest
Fee Simple
Possession
61-90 Days CD
Riparian Rights
no
Sale Type
Standard
Tax Annual Amount
36547
Tax Assessed Value
175180
Tax Data Updated
no
Tax Lot
001-002-3C5
Tax Opportunity Zone
N
Tax Year
2023
Total Actual Rent
443388
Vacation Rental
no
Listing courtesy of M Riccardi Agency Inc 2153530492
© 2023 Bright MLS. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Listing courtesy of M Riccardi Agency Inc. Data last updated on Thursday, March 23rd, 2023 05:08:34 PM.
Contact - Listing ID PABU2016766
Brett Furman
528 East Lancaster Avenue
St. Davids, PA 19087
Phone: 610-687-6060
Phone Alt: 610-687-6060
Data services provided by IDX Broker
