$3,950,000

RETAIL COMPLEX – SALE

MULTI-TENANT RETAIL CENTER – FOR SALE
“PENN’S PURCHASE” – Investment Property

5860 Lower York Road
Lahaska, Bucks County, PA

Penn’s Grant Realty Corporation has been retained and is pleased to offer for sale the opportunity to acquire “Penn’s Purchase” 5860 Lower York Road, Lahaska, PA (the “Property”), which consists of the successful retail shopping complex. Located on PA Route 202 (Lower York Road), which is the main artery between New Jersey and Bucks County, the complex is in a prime location in front of “Peddler’s Village”, and is surrounded by an affluent suburban market.
Totaling 22,900± square feet, the Property is 96% leased to 12+ tenants and offers them all the convenience that a popular commercial space has to offer in one of eastern Pennsylvania’s most historic shopping districts.

Net Operating Income (2021): $266,922
Total Complex Size: 22,900± sq. ft.
Number of Buildings/Structures: Six (6)
Existing Tenants: Ten (10) Retail Tenants*; Two (2) Apartments
*Some retail tenants occupy more than one retail unit
Total Land Area: 2.2092± Acres
Frontage: 375’ on Lower York Road

Investment Highlights
  • Stabilized rental income with potential upside revenue, which is ideal for local and regional real estate investors and 1031 tax-deferred exchanges
  • Boasting not only locally owned charming boutique retail tenants but also strong nationally recognized businesses.
  • 22,900± square feet spread out over six retail buildings situated on 2.21± acres in the charming and bustling “Penn’s Purchase” retail complex.
  • On-site parking for approximately 130+ cars.
  • Prominent, high visibility location, with traffic light access off Lower York Road (Route 202) in a shopping mecca and tourist destination in stunning Central Bucks County.
  • Surrounded by shopping, restaurants, offices, and residential neighborhoods, “Penn’s Purchase” blends seamlessly with the neighboring “Peddler’s Village” shopping complex.
  • Central Bucks County location, is only an hour from New York City and Philadelphia.
  • Located near the corner of Street Road and Route 202 (Lower York Road) a main artery for travelers coming from the eastern bordering states of New Jersey and New York, traveling into the central Bucks County region; traffic counts exceed 15,275 vehicles daily
  • Strong demographics support this region’s most famous shopping destination.

Details

Available Space (Sq. Ft) : 22,900  2.2092
Business Complex : Penn's Purchase Retail Center  
Lot Size : 2.2092  
Tax Parcel : 06-016-007  
Zoning : VC2 - Village Commercial 2  
Address : 5860 Lower York Road  
Use : Retail / Office / Residential  
City : Lahaska  
State : PA  
Municipality : Buckingham Township  
County : Bucks  
Parking : 130+  
Price : $3,950,000  
Search all property types : Investment  
Purpose : For Sale  
Status : Available  

Attachments

Highlights

  • Boasting not only locally owned charming boutique retail tenants but also strong nationally recognized businesses.
  • 22,900± square feet spread out over six retail buildings situated on 2.21± acres in the charming and bustling “Penn’s Purchase” retail complex.
  • Prominent, high visibility location, with traffic light access off Lower York Road (Route 202) in a shopping mecca and tourist destination in stunning Central Bucks County.
  • On-site parking for approximately 130+ cars.

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