2201 Galloway Rd | Bensalem, PA 19020
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2201 Galloway Rd
Bensalem, PA 19020
Retail Property For Sale
Investment Highlights
- Unique redevelopment or owner/user opportunity - Owned and operated by its original developer
- Ample parking space of ~310 spots / Two means of ingress/egress
- Favorable GC Zoning
- Huge site of ~7.8 acres / ~2.5 acres of excess ground
- Exciting redevelopment/value add potential with excess ground
- Average tenant tenure exceeding 20+ years / All utilities individually submetered
Executive Summary
The Shoppes at Celebrations presents a unique opportunity to acquire an exceptionally maintained neighborhood shopping center in Bensalem, PA from its original developer. This 1989-built asset consists of ~53,000 SF of retail space on 7.8 acres. With expansive parking lot (~310 spots) and excess ground, the property's General Commercial zoning creates rare redevelopment flexibility for a potential investor or owner/user. The tenant roster consists of predominately recession-resist business, boasting an average occupancy tenure of 20+ years. The current zoning permits, retail, hospitality, food service, and self storage by-right.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
53,900 SF
Building Class
B
Year Built
1990
Percent Leased
2%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
7.80 AC
Zoning
02C - Includes offices, childcare and adult care, trade schools, hotels, limited retail such as financial institutions, and restaurants
Parking
450 Spaces (8.34 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 02-033-048 | Improvements Assessment | $358,110 |
| Land Assessment | $171,600 | Total Assessment | $529,710 |
PROPERTY TAXES
Parcel Number
02-033-048
Land Assessment
$171,600
Improvements Assessment
$358,110
Total Assessment
$529,710
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