NNN Investment Opportunity
20 N Pennsylvania Avenue
Morrisville, PA 19067
Highlights
- NNN office investment opportunity
- 3-story, freestanding building
- Total building area of 9,150 SF ±
- Functional floor plans
- Attractive 13% CAP rate
- Excellent Opportunity for investors and owner/users
- Immediate income from existing in-place tenant
- Potential for future residential/multi-family conversion
- Exceptional location within Morrisville Borough
- Convenient location for business and consumer access
- Proximate to populated residential neighborhoods
- Convenient access to major connecting routes
Description
SVN® is pleased to present an excellent opportunity to acquire a single-tenant, net leased, office investment opportunity located in Morrisville Borough, Bucks County, Pennsylvania. The property is comprised of a 9,150 square foot, three-story office building currently leased to a single tenant since 2016. The building itself offers stately presentation in an uncompromising environment and demonstrates the ideal cross section of historic significance and modern relevance. Originally built in 1928 by Bucks County Contributionship Insurance Company, the oldest fire insurance company in Bucks County, and fully renovated in 2016. The property offers many distinctive features throughout, including 12 foot ceilings, a fully finished basement and historic architectural details. This highly visible and accessible location offers convenient access to major connecting routes.
Located on North Pennsylvania Avenue at the immediate proximity to the intersection of South Pennsylvania Avenue and East Bridge Street in Morrisville Borough, Bucks County, Pennsylvania. Convenient location across from the New Jersey state border and commutable distance to Philadelphia, South and Central New Jersey, and New York City. Excellent location less than 0.2 miles to/from the Route 1 Exit ramp. Morrisville is an amenities rich borough neighborhood with a diverse tenant mix, all in immediate proximity.
