Doylestown, PA 18902,4050 SKYRON DR #A, SUITES 1-14
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Doylestown, PA 18902,4050 SKYRON DR #A, SUITES 1-14
Doylestown, PA 18902,4050 SKYRON DR #A, SUITES 1-14
Doylestown, PA 18902,4050 SKYRON DR #A, SUITES 1-14
Doylestown, PA 18902,4050 SKYRON DR #A, SUITES 1-14

$725,000

Est. payment /mo

$750,000

3.3%
Est.Price: ?

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4050 SKYRON DR #A, SUITES 1-14 Doylestown, PA 18902

SOLD DATE : 04/04/2024

Key Details

Sold Price $725,000

Property Type Commercial

Sub Type Office

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PABU2058760

Sold Date 04/04/24

Originating Board BRIGHT

Year Built 1981

Annual Tax Amount $11,539

Tax Year 2023

Lot Dimensions 0.00 x 0.00

Property Description

SkyRun II Business Center, Unit #A, offers an attractive investment opportunity in the commercial real estate market, tailored for forward-thinking business investors. This two-story end-unit commercial condo encompasses a substantial 8,000 square feet, housing 14 versatile office suites (Suites A1-A14) and four well-appointed bathrooms. The ground floor, spanning 4,000 square feet, is fully occupied by three separate business entities, demonstrating strong tenant demand and stability. This level features a unique combination of workspace and convenience, including a heated and cooled garage and three of the property's four bathrooms. The second floor has undergone a strategic transformation to maximize its income potential. Originally home to five office spaces, the largest suite was ingeniously reconfigured into seven additional office suites. This renovation has expanded the second floor's offerings to 11 rentable spaces, enhancing the building's appeal to a diverse range of businesses. This leaves three newly constructed suites available for you to occupy or to take the rental income potential to its highest ability. The addition of these new office suites is projected to increase the annual gross rental income by an additional $30,300, raising the property's total potential income to an impressive $108,870. Investors will appreciate the recent upgrades to the building's infrastructure. In 2022, a new rubber and silicone roof was installed, coming with a transferable 50-year warranty. This investment in quality extends to new furnaces installed on both floors, ensuring comfort and efficiency. Included in the uploaded documents is a Net Operating Income Worksheet, providing a transparent and detailed financial overview of the property. SkyRun II Business Center Unit #A is more than just a real estate investment; it's a well-positioned asset in a vibrant business community, offering a blend of steady income and growth potential, ideal for discerning investors seeking to expand their portfolio.

Location

State PA

County Bucks

Area Buckingham Twp (10106)

Zoning P1- INDUSTRIAL

Interior

Hot Water Electric

Heating Forced Air

Cooling Central A/C

Flooring Carpet, Ceramic Tile

Heat Source Natural Gas

Exterior

Garage Spaces 14.0

Utilities Available Cable TV Available, Electric Available, Natural Gas Available, Phone Available, Under Ground

Water Access N

Roof Type Rubber

Accessibility Level Entry - Main, Grab Bars Mod

Total Parking Spaces 14

Garage N

Building

Sewer Public Sewer

Water Well

New Construction N

Schools

School District Central Bucks

Others

Tax ID 06-004-010-001-04A

Ownership Condominium

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Sheri G. Oshins • RE/MAX Centre Realtors
Bought with NON MEMBER • Non Subscribing Office

Tracy Marshall

License ID: 678268

+1(443) 306-7673

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