301 W Bridge St | Morrisville, PA 19067
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301 W Bridge St
Morrisville, PA 19067
Office Property For Sale
Investment Highlights
- Close Proximity to major Highways
- Scarce Rental units in area
Executive Summary
Prime Investment Opportunity in Morrisville, PA : Discover this fully occupied, mixed-use property at 301 W. Bridge St., featuring a blend of residential and commercial spaces. The main building offers 3,980 sq. ft., housing four well-maintained residential apartments and a versatile ground-floor office (ideal for medical or general use). Additionally, a separate 1,500 sq. ft. commercial garage adds to the property’s income potential. Several units have been recently upgraded, with the owner also enhancing portions of the electrical systems and HVAC for improved efficiency. The property includes six parking spaces at the rear, two of which are leased to the garage tenant. The ground-floor office is currently leased on a short-term, flexible basis, providing versatility for future tenants. The residential units boast a stellar rental history with minimal vacancies, making this a stable and lucrative investment. Centrally located in Lower Bucks County, this property offers easy access to Route 1, I-295/I-95, and the Trenton-Morrisville Bridge. This is a fantastic, low-maintenance investment opportunity you won’t want to miss!
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
3,890 SF
Building Class
B
Year Built/Renovated
1901/2023
Price
£575,021
Price Per SF
£148
Net Initial Yield
8.66%
NOI
£49,795
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
2,500 SF
Building FAR
0.19
Lot Size
0.48 AC
Zoning
24C3 - commercial zoning many approved uses
Parking
7 Spaces (1.8 Spaces per 1,000 SF Leased)
Amenities
- Smoke Detector
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