119 York Rd, Warminster, PA 18974

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List Price
$1,100,000
Status
ACTIVE
MLS#
PABU2116374
Living Area
3,764
Lot Size (Acres)
0.54
Style
Other
Year Built
1947
County
Bucks
School District
Centennial

Property Description

Excellent investment opportunity at 119 York Road featuring a mixed-use commercial property with multiple income streams and future potential. The property includes a second floor residential apartment generating $2,100/month with a lease in place through November 15, 2026. Additional income is produced from the rear parking lot leased to a car dealership at $1,200/month on a month-to-month basis, along with two additional parking spaces rented for $125/month each and an additional food truck rental for $200 a month. The entire lower level is currently occupied by Smart Decor $3000 a month (owner opperator) and offers flexible ground level commercial space, including a walk-in refrigerator. The lower level includes three bathrooms, one with a full shower. Utilities feature three electric zones (two commercial, one apartment) and a single water bill servicing the property. Heating is provided by two oil heaters (separate systems for apartment and commercial space) along with two mini-split units for additional climate control. The property also includes a storage shed with electric service, 32 parking spaces, and potential subdivision opportunities (buyer to verify with township). Ideal for investors or owner-users seeking strong cash flow with upside potential. The property has direct road access and frontage at the front and rear allowing convenient entry / exit options. There is a garage door opening at the rear of the building that was converted to a bar, but could be opened up again.

Additional Information

Area
Warminster Twp (10149)
School District
Centennial
Heating
Forced Air
Cooling
Central Air
Roof
Flat
Utilities
Natural Gas Available
Water
Public
Sewer
Public Sewer

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Listing courtesy of Innovate Real Estate. Contact: