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Commercial Property for sale:
16 N Franklin St
Doylestown, PA 18901
Price $3,900,000
Beds N/A
Baths N/A
Status Available
County Bucks
Listing ID# 17727303
Estimated Payment $18,207
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$3,900,000 Commercial Property for Sale in Doylestown, PA

Real Estate for Sale, ListingId:17727303, location: 16 N Franklin St Doylestown 18901
 

Nancy Presti

Prudential/Fox & Roach Doylestown
Doylestown, PA 18901
Nancy Presti, Doylestown Real Estate
Main Phone (215) 588-4684
Email Contact Agent by Email
Website Visit Agent Website

PROPERTY DESCRIPTION

Professionally renovated in-town 3-story ... office building of over 20,000 square feet, 98% leased. All leases have increases and most with terms of 3-5 years. First floor interior has large glass enclosed conference room, 9 executive suites with kitchenette, and additional office suites. Second and Third floors with suites ranging from 500-3,000 sf. Parking lot of over 18 cars plus 6 additional on side, 24/7 key-card access, and elevator. New heat pumps, maintenance contracts on all systems. Terrific location set between hospital and courthouse directly off of West State. Variety of tenants have extended their lease terms to make this a stable investment. Capitol improvements including a front porch and upgrades of interior common areas and suites recently completed. Cap rate of 7.5%, NOI $295,000. MLS# 5962108.

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