Contacts

Craig Fernsler

KW Commercial | Blue Bell

Craig Fernsler

KW Commercial | Blue Bell

Property Details

Property Type VacantLand
Units 0
Lot Size 2.27 Acre
Additional Rent Contact for pricing
Year Built 1950
Date Updated Dec 20, 2024

The property located at 1014 Quarry Road consists of two parcels, each measuring 1.134 acres, totaling 2.268 acres. It is situated on a corner, with 360 square feet of frontage along Route 313. The property is in a growth market with excellent demographics and high traffic counts, making it an attractive investment opportunity. Currently, the property generates a net operating income (NOI) of $82,000. This income is derived from the rental of two 3-bedroom homes and one outbuilding on the site, all of which are currently occupied by tenants. The property offers the option to either continue its current use as an income-producing rental property or embark on a redevelopment project. Notably, the property's value could potentially increase with the installation of a traffic light at the intersection. The prospect of improved traffic flow and accessibility would likely make the location even more desirable, thereby impacting pricing positively. For potential investors, the property presents multiple possibilities. They can choose to maintain the current rental setup, benefiting from the existing income while exploring development options. Alternatively, they can pursue a redevelopment project by going through the entitlement process, leveraging the rental income to offset some of the development costs. Overall, the property is considered a prime development site due to its size, frontage, location on a corner, and the expected installation of a traffic light. It offers opportunities for both immediate income generation and long-term development potential.

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Getting around

43/100
Walk Score ®
27/100
Bike Score ®

Powered by Walk Score ®

Location

City Perkasie, PA
Zip Code 18944
Market Philadelphia

Points of Interest

Chalfont

6.25 miles
Doylestown

6.62 miles

Dublin Gas

0.67 miles
Scholl's

2.74 miles
US Gas

2.79 miles
Wawa

3.56 miles
Gulf

5.31 miles
Shell

5.59 miles
BP

5.63 miles
Sunoco

5.71 miles
ChargePoint

6.11 miles
Tesla Supercharger

7.08 miles

Hike and Bike Path Parking

3.54 miles
Peace Valley Park Hike & Bike Trail Parking

3.76 miles
Three Mile Run Boat Access

4.04 miles

Plumsteadville inn

3.57 miles
Galvanized America Inn and Art Gallery

4.99 miles
Weisel Youth Hostel

5.22 miles
The Washington House Hotel & Restaurant

5.29 miles
Sevenoaks Farm

5.44 miles
Main Street Inn

5.78 miles
Doylestown Inn

6.45 miles
Hargrave House Bed & Breakfast

6.51 miles
Highland Farm

7.13 miles
Hatfield Motel

7.22 miles

Shop n' Bag

0.44 miles
Giant

3.27 miles
Landis Supermarket

4.51 miles
Altomonte's Italian Market

5.19 miles
Marshalls

5.30 miles
Weis

5.66 miles
Acme

5.77 miles
Target

5.78 miles
Simply Fresh by McCaffrey’s

6.39 miles
Main Street Marketplace

6.47 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.