4050 Skyron Drive #A, SUITES 1-14, Doylestown, PA 18902 - Photo 1

1/1

$725,000

Sold
Closed
Manufacturing

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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.

Full Property Details

Full Property Details for 4050 Skyron Dr #A, SUITES 1-14

General

Sold For: $725,000
Taxes: $11,539 (2023)
Status: Closed
Type: Manufacturing
Source: BrightMLSPhilly
MLS ID: PABU2058760
Added to Site: 881 day(s) ago

Business

Business Type: Professional, Manufacturing, Flex, Other/General Reta

Interior

Flooring: Carpet, Ceramic Tile

Rooms

Bathrooms

Restrooms: 4

Parking

Total Spaces: 14
Parking Features: Paved Parking
Parking Type: Parking Lot

Location

Area: Buckingham Twp (10106)
Municipality: BUCKINGHAM TWP
County: Bucks
Building Name: SKY RUN II UNIT A
Cross Streets: Cold Spring Creamery Rd
Driving Directions: Via Rt 202 N: If Leaving Doylestown Boro, head N on to Rt 202. Make a Left onto Rt 313/Swamp Rd. Make a right onto Cold Spring Creamery Rd. Make a left onto Skyron Drive. Turn left for the parking of "SKYRUN II BUSINESS CENTER." Unit A is the first END unit on your left.
Location Details: Business Park

Heating & Cooling

Central air: Yes
Cooling Type: Central A/C
Cooling Fuel: Electric
Heating Type: Forced Air
Heating Fuel: Natural Gas
Water Heater: Electric

Utilities

Sewer: Public Sewer
Water: Well
Utility Description: Cable TV Available, Electric Available, Natural Gas Available, Phone Available, Under Ground

Structural Information

Construction: Block, Concrete, Copper Plumbing, Glass, Rigid Insulation, Spray Foam Insulation, Steel Siding, Stick Built
Roof: Rubber
Drive-In Doors: 1
Entry Floor Number: 1
Stories/Levels: 2
Year Built: 1981
Year Built Source: Estimated
Property Condition: Very Good

Unit Information

# Tenants: Multiple
Other Units: Unit 1, Unit 2, Unit 4, Unit 5, Unit 8, Unit 3, Unit 6, Unit 7, Unit 9, Unit 10, Unit 10, Unit 10, Unit 10, Unit

Unit 1

Unit Description: Unit 1

Unit 2

Unit Description: Unit 10

Unit 3

Unit Description: Unit 10

Unit 4

Unit Description: Unit 10

Unit 5

Unit Description: Unit 10

Unit 6

Unit Description: Unit 10

Unit 7

Unit Description: Unit 2

Unit 8

Unit Description: Unit 3

Unit 9

Unit Description: Unit 4

Lot Features

Lot Dimensions: 0.00 x 0.00
Zoning: P1- INDUSTRIAL

Financial Considerations

Operating Expenses: $18,000
Assessment Year: 2023
School Tax: $9,426
City/TownTax: $287
City/TownTax Freq: Annually
County Tax: $1,826
County Tax Freq: Annually
Tax w/Assessment: $71,760
Tax Amount: $11,539
Tax Year: 2023
Owner Pays: Electricity, Gas, Sewer
Landlord Pays: Electricity, Gas, Sewer

Disclosures and Reports

Ownership: Condominium
Exclusions: Personal items that belong to individual businesses who are renting the units.
Investment: Yes

Listed by RE/MAX Centre Realtors, Sheri G. Oshins
Sold by Non Subscribing Office, NON MEMBER

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Listing agent

— 4050 Skyron Dr #A, SUITES 1-14 —

Sheri G. Oshins

RE/MAX Centre Realtors

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Schools

Schools serving 4050 Skyron Dr #A, SUITES 1-14

School District:Central Bucks School District

Name	Grades	Distance
Gayman El School 4440 Point Pleasant Pike, Doylestown, PA 18902	K-6	1.8 mi
Tohickon Middle School 5051 Old Easton Road, Doylestown, PA 18902	7-9	2.2 mi
Central Bucks High School-East 2804 Holicong Road, Doylestown, PA 18902	10-12	3.3 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 4050 Skyron Dr #A, SUITES 1-14

Date

Details

Price

Change

Source

4/04/2024

Sold

$725,000

-3.33%

MLS

11/10/2023

Listed

$750,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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4050 Skyron Drive #A, SUITES 1-14, Doylestown, PA 18902 (MLS# PABU2058760) is a Manufacturing property that was sold at $725,000 on April 04, 2024. Want to learn more about 4050 Skyron Drive #A, SUITES 1-14? Do you have questions about finding other Manufacturing real estate for sale in Doylestown? You can browse all Doylestown real estate or contact a Coldwell Banker agent to request more information.

4050 Skyron Dr #A, SUITES 1-14 Doylestown, PA 18902