LAND DEVELOPMENT OPPORTUNITY · jewelry (including watch repair), reading materials, tobacco goods,...

SVN | AHIA COMMERCIAL REAL ESTATE | 2050 CABOT BLVD. W, SUITE 102, LANGHORNE, PA 19047 SALE PROPOSAL

LANDDEVELOPMENTOPPORTUNITY2506 & 2524 STREET ROADBENSALEM, PA 19020

PROPERTY INFORMATION 3Property SummaryProperty DetailsComplete Highlights

LOCATION INFORMATION 7Regional MapLocation MapsAerial MapTax Parcel Map

ZONING INFORMATION 12GC-General Commercial DistrictBP-Business and Professional District

DEMOGRAPHICS 20Demographics ReportDemographics Map

SALE PROPOSALLAND DEVELOPMENT OPPORTUNITY | 2506 & 2524 STREET ROAD, BENSALEM, PA 19020

1 PROPERTYINFORMATION

LAND DEVELOPMENT OPPORTUNITY | 2506 & 2524 STREET ROAD BENSALEM, PA 19020 SVN | Ahia Commercial Real Estate |

OFFERING SUMMARY

Sale Price: $1,000,000

Lot Size: 1.3 Acres

Property Type: Land

Zoning: GC-General

Commercial

Market: Philadelphia

Submarket: Lower Bucks County

Traffic Count: 36,539

Exceptional highway commercial development opportunity comprised of two parcels on Street Road in BensalemTownship. Ideally situated on approximately 1.30 acre site with 374' of frontage on Street Road. Highly visible andaccessible location with high daily traffic counts. Versatile GC - General Commercial zoning allows for a multitude of useswhich are permitted, by right. The property rests in a densely populated trade area, adjacent to a diverse platform oflocal, regional and national retailers.

PROPERTY OVERVIEW

Situated in Bensalem Township, the largest municipality by population in Bucks County and the 9th largest township inPennsylvania. It is located within the Street Road commercial corridor. The property is less than 25 minute drive toPhiladelphia. It is located 1.2 mile to Parx Casino and 1 mile to Philadelphia Mills, Philadelphia's largest outlet and valueretail shopping mall. Convenient access to U.S Highway 1, I-95 and PA Turnpike.

LOCATION OVERVIEW

Property Summary

LAND DEVELOPMENT OPPORTUNITY | 2506 & 2524 STREET ROAD BENSALEM, PA 19020 SVN | Ahia Commercial Real Estate | The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.


SALE PRICE $1,000,000

LOCATION INFORMATION

Building Name Land Development Opportunity

Street Address 2506 & 2524 Street Road

City, State, Zip Bensalem, PA 19020

County/Township Bucks/Bensalem

Market Philadelphia

Submarket Lower Bucks County

Cross Streets Knights Road

Road Type Highway

Market Type Medium

Nearest Highway Street Road

Nearest Airport PHL-Philadelphia International Airport [25.8 Mi.]

LAND

Number Of Lots 2

Water Yes

Sewer Yes

Topography Level

PROPERTY DETAILS

Property Type Land

Property Subtype Retail

Zoning GC-General Commercial

Lot Size 1.3 Acres

APN# 02-036-183 & 02-037-044

RE Taxes [2018] $8,125

Traffic Count Street East Street Road & Castle Drive

Property Details


SALE HIGHLIGHTS

• Prime Development Opportunity

• 1.30 acres ±

• 374 feet of frontage on Street Road

• 220' deep lot

• GC-General Commercial zoning

• Highway visible and accessible location

• Active commercial development in the area

• Dense residential neighborhoods

• Amenities rich location

• Strong demographic profile

• Leveled topography

• Utilities on site

LOCATION HIGHLIGHTS

• Close proximity to Parx Casino, Philadelphia Mills, numerous restaurants, hotels

and other amenities

• Less than 25 minute drive to Philadelphia

• Convenient access to U.S Highway 1, I-95 an PA Turnpike

Complete Highlights

2 LOCATIONINFORMATION



Land DevelopmentOpportunity

Regional Map


Location Maps


Land DevelopmentOpportunity

Aerial Map


Tax Parcel Map

3 ZONINGINFORMATION


DIVISION 1. - G-C GENERAL COMMERCIAL DISTRICT

Sec. 232-379. - Purpose.

G-C general commercial districts provide for the special requirements of retail commercial establishments which serve both the immediately surrounding community as well as out-of-town travelers and shoppers. G-C districts are designed to encourage attractive, compact retail commercial development in locations close to local residences, yet near arterial roads or major thoroughfares.

(Ord. No. 96-05, Art. VIII(800.0), 6-3-96)

Sec. 232-380. - Use regulations.

A detached or semi-detached building may be erected or used and a lot may be used or occupied in a G-C district for any one or more of the following purposes:

(1) Any use permitted in a BP district.

(2) Retail stores for the sale of durable and nondurable household consumable goods.

(3) Restaurant where food is either consumed primarily within the building, or where food is purchased on the premises or at a drive-thru window for consumption off the premises. Drive-in restaurants are prohibited.

(4) Personal service shop or custom shop, such as a bakery, candy, ice cream or similar shops, custom tailoring or millinery shop, clock, watch or jewelry shop; radio, television, household appliance repair shop, or beauty, barber and shoe repair shop, or photography studio provided that:

a. Any article made shall be sold at retail from the premises; and

b. The area devoted to processing shall constitute not more than 40 percent of the gross floor area.

(5) Hand or automatic self-service laundry; dry cleaning and/or clothes pressing agency excluding dry cleaning and/or clothes pressing plant;

(6) Newspaper publishing or broadcast studio;

(7) Telephone central office, transmission line, electric substation;

(8) Office or studio;

(9) Bank or similar financial institution, excluding a check casher, pawnbroker and/or pawnbroker establishment;

(10) Integrated business center subject to the regulations of sections 232-384 through 232-386;

(11) Club for civic, cultural or educational purposes but with no alcoholic beverages permitted;

(12) Child, adult and senior citizen day care centers;

(13) The following uses when authorized as a special exception by the Zoning Hearing Board:

a. Mortuary;

b. Veterinarian with accessory domestic small animal, short-term interior boarding kennel;

c. Motels and hotels of five habitable stories or less and lodging; shall be on a lot of not less than three acres for a one or two habitable story building; not less than 4.5 acres for a three habitable story building; not less than six acres for a four habitable story building; and not less the 7.5 acres for a five habitable story building and subject to the following special regulations:

1. Not more than 30 percent of net lot area may be occupied by buildings and not more than 60 percent of net lot area may be impervious cover.

2. No building or part of a building shall be erected within 75 feet from the ultimate right-of-way of a public street, road or highway nor within 75 feet from any other property line.

3. Every building shall be located at least 40 feet from every other building on the same lot.

4. The height of the structure shall be described by the number of habitable stories exclusive of the basement, parking stories and roof mounted mechanical systems.

d. Manufacturing display room or retail outlet;

e. High-rise buildings limited to, hotels or motels containing not less than 15 units, or business or professional office buildings, and including accessory customary business, commercial and professional uses, with no building less than six stories in height, on a lot of not less than nine acres, and subject to the following special regulations:

1. Not more than fifteen percent of the net lot area may be occupied by buildings and not more than 60 percent of the net lot area may be covered by impervious cover.

2. No building or part of a building shall be erected within 100 feet from the ultimate right-of-way of a public street, road or highway nor within 100 feet from any other property line.

3. Every building shall be located at least 50 feet from every other building on the same lot.

4. The height of the structure shall be described by the number of habitable stories exclusive of the basement, parking stories and roof mounted mechanical systems.

5. Accessory business or professional office uses may include, and shall be limited to, those uses permitted in subsections 232-380 (4), (5), (6), (7), (8), (9), (10), without limitation upon area and location imposed thereupon. No dwelling, apartments or other residential uses shall be permitted in a business or professional office building, except as living quarters for watchpersons or caretakers.

6. Accessory commercial uses in hotels or motels may include, and shall be limited to, the following:

(i) Area. Uses shall be permitted only in structures containing 25 or more units, rooms or suites at the minimum rate of 15 square feet for each unit, provided that the minimum area of such commercial or professional use shall be 250 square feet and a maximum area of 1,500 square feet per use.

(ii) No commercial use shall be located above the first floor. Business or professional offices my be located on any floor of the building.

(iii) Accessory business, professional or commercial uses shall be limited to:

(a) Business or professional offices where no goods or merchandise are stored or offered for sale.

(b) Sales at retail, separately or in combination, in completely enclosed stores or shops on the premises, and dealing directly with customers, including and limited to, apparel, confections, drugs, flowers, foods, gift shop goods, greeting cards, jewelry (including watch repair), reading materials, tobacco goods, variety store goods, beauty shop, barber shop, custom tailoring or dressmaking, laundry and/or dry cleaning pick-up agency (provided no laundering or dry cleaning is performed on the premises), restaurant, and soda or ice cream fountain.

(c) Accessory uses customarily incidental to the above permitted uses, not occupying more than ten percent of the area of the main use and not including open air storage of materials.

7. Signs: Signs in this district shall be in accordance with, and regulated by the provisions of article XIV, sections 232-711 et seq.

8. Parking: Parking facilities in this district shall comply with article XIII, section 232-586.

(14) Individual self-storage facilities (as a conditional use) subject however to all of the following conditions:

a. [The] minimum lot size shall be five acres.

b. The hours of operation shall be no earlier than 7:00 a.m. to no later than 8:00 p.m., prevailing time.

c. The proposed use shall meet all of the requirements and standards set forth in subsections 232-595(c) and (d) of the zoning ordinance.

(15) Accessory uses:

a. Swimming pools: Accessory outdoor swimming pools shall be so located as to be not less than 25 feet from the street or 75 feet from any property line bounding the premises. The swimming pool area must be enclosed as required in section 232-588, swimming pools.

b. Outdoor recreational facilities: Outdoor recreational facilities (except swimming pools) shall be so located as to be not less than 25 feet from the street or 75 feet from any property line bounding the premises and 50 feet from any building erected on the premises.

c. Accessory uses may include:

1. Storage within a completely enclosed building in conjunction with a permitted use;

2. Signs when erected and maintained in accordance with provisions of article XIV of this chapter.

(16) No use shall be permitted which is noxious or hazardous.

(Ord. No. 96-05, Art. VIII(800.1), 6-3-96; Ord. No. 97-08, § 1, 2, 5-28-97; Ord. No. 97-42, § 1,

10-15-97; Ord. No. 2007-03, § VI, 2-12-07)

Sec. 232-381. - Area and height regulations.

For every building erected or used in a GC district, except as referenced in subsections 232-380 (13)c. and e., no part of which is used as a dwelling, the following area and height regulations shall apply.

(1) Lot area and lot width. A lot area sufficient in size to assure adequate sewerage and solid waste disposal, but in no case less than 7,200 square feet per use with the minimum lot width of 60 feet, shall be provided. In the case of attached structures constructed as a unit which have common sewage and water facilities and which are used exclusively for nonresidential purposes, the Bensalem Township Council may reduce the minimum lot area and lot width requirements upon documented proof of hardship.

(2) Building area. Not more than 35 percent of the area of each lot may be occupied by buildings, and the total impervious surface coverage shall not exceed 60 percent.

(3) Yards. Front, side and rear yards shall be provided on each lot.

a. Front yard. One yard, not less than 75 feet in depth.

b. Side yards. One yard each side, each of which is to be not less than eight feet in order properly to provide for public safety.

c. Rear yard. One yard, not less than 35 feet in depth.

(4) Height regulations. No building shall exceed 45 feet in height.

(Ord. No. 96-05, Art. VIII(800.2), 6-3-96)

Sec. 232-382. - Planting regulations.

Bufferyards shall be provided where a building is erected or used in a G-C district in accordance with article XIII, section 232-592 of this Code.

(Ord. No. 96-05, Art. VIII(800.3), 6-3-96)

Sec. 232-383. - Integrated business centers (IBCs)—Generally.

This section shall apply only to integrated business centers.

(1) Integrated business center (IBC) defined: An IBC shall mean the development of a G-C lot for one or more permitted uses in either attached or detached structures that share a common development plan, including, but not limited to, unity of architectural design, parking and on-site traffic management, sewage and utility service, but do not present a display storefront visible from outside or from parking areas. An IBC shall be defined to not include a strip shopping center (as defined by subsection 232-408(14) and/or a major shopping center (as defined by subsection 232-408(15).

(2) An integrated business center must be developed on a total area of not less than three acres in size.

(3) A land development plan shall be submitted in accordance with the requirements of the Bensalem Township Subdivision and Land Development Ordinance, latest revision.

(Ord. No. 96-05, Art. VIII(800.4), 6-3-96)

Sec. 232-384. - Same—Design and area requirements.

(a) The proposed development shall be constructed in accordance with an over-all plan, shall be designed as a single architectural scheme with appropriate common landscaping, and shall provide initially at least for the construction of either a minimum of 15,000 square feet of ground floor area, or a minimum of six of the permitted main uses.

(b) All buildings shall be arranged in a group or in groups, and the distance, at the closest point, between any two buildings, or groups of attached buildings shall be not less than 12 feet.

(c) No building, except those used for lodging shall exceed two stories in height. A building erected or used for lodging shall not exceed six stories in height.

(d) Not more than 30 percent of the area of each lot may be occupied by buildings and the total coverage of impervious surface shall not exceed 60 percent.

(e) Parking, loading, or service areas used by motor vehicles shall be located entirely within the lot line of the business center, shall be physically separated from public streets by a 50-foot buffer strip or other suitable barrier. All parking, loading and service areas shall be curbed and shall have not more than two accessways to any one public street. All such areas shall be paved with bituminous or concrete materials.

(f) Areas provided for loading and unloading of delivery trucks and other vehicles, and for the serving of shops by refuse collection, fuel and other service vehicle shall be adequate in size, and shall be so

arranged that they may be used without blockage, or interference with the use of access ways or automobile parking facilities.

(g) No building or other permanent structure shall be erected within 100 feet of a street line or lot line; and no parking, loading or service area shall be located within 50 feet from any street line or property line. Nothing in this section shall be construed to prohibit the erection of a freestanding sign as permitted in article XIV, of this chapter.

(h) All parking, loading, access, and service areas shall be illuminated in accordance with article XIII, section 232-586.

(i) All utility lines serving the site shall be placed underground.

(j) The proposed IBC development shall be served by public water and sewer, or by sewage disposal and water facilities certified as adequate by the appropriate governmental health agency.

(Ord. No. 96-05, Art. VIII(800.5), 6-3-96)

Sec. 232-385. - Same—Planting regulations.

Bufferyards shall be provided where a building is erected or used in a IBC district in accordance with article XIII, section 232-592 of this Code.

(Ord. No. 96-05, Art. VIII(800.6), 6-3-96)

Sec. 232-386. - Fire lanes.

Fire lanes shall be provided and marked in accordance with Bensalem Township Fire Prevention Ordinance No. 93-15.

(Ord. No. 96-05, Art. VIII(800.7), 6-3-96)

Secs. 232-387—232-406. - Reserved.

ARTICLE IX. - BP BUSINESS AND PROFESSIONAL DISTRICT

Sec. 232-433. - Purpose.

The purpose and intent of this district is to provide reasonable standards for the harmonious development of office space for health and other professionals, business and related uses which are necessary to service Township residents, to provide standards which encourage the development of a character compatible with other adjacent uses and of a design to create minimum interference with public streets and to otherwise create conditions conducive to carrying out the broad purpose of this chapter.

(Ord. No. 96-05, Art. IX(900), 6-3-96)

Sec. 232-434. - Use regulations.

A building may be erected or used, and a lot may be used or occupied in a BP district for any of the following purposes, provided that there is compliance with the requirements of the remaining sections of this article:

(1) Professional services limited to offices of physicians (but not veterinarians), lawyers, clergymen, teachers, dentists, architects, engineers, insurance agents, opticians and professional consultants if such professional services do not involve the actual storage, exchange or delivery of merchandise on the premises, or the care or treatment of animals, or the practice of fortune telling, card-reading or similar occult services;

(2) Business services limited to offices for licensed real estate brokers, stock and bond brokers and accountants;

(3) Accessory uses customary and incidental to the foregoing professional office and business uses, including, but not limited to, health care and child care facilities and provided that such accessory uses shall conform to the area and special requirements of an R-33 district;

(4) Business and professional schools, but not including trade or technical schools requiring the on-site use of hazardous, flammable or corrosive materials.

(5) College and university to the extent as permitted in PCD District.

(Ord. No. 96-05, Art. IX(901), 6-3-96; Ord. No. 2010-06, § I, 10-4-10)

Sec. 232-435. - General regulations.

The uses listed in section 232-434 shall be permitted in a BP district only if the following general regulations are satisfied:

(1) Only one of the uses set forth in section 232-434 shall be permitted on each lot;

(2) The use shall be conducted wholly indoors and within the principal building; and

(3) There shall be no show windows nor display neon advertising inside any building visible from outside any building to attract customers or clients other than such signs as are permitted in article XIV of this chapter.

(Ord. No. 96-05, Art. IX(902), 6-3-96)

Sec. 232-436. - Area regulations.

Where any building is erected or used in a BP district, the following area regulations shall apply:

(1) Lot area and lot width. A lot area sufficient in size to assure adequate sewage and waste disposal, but in no case less than 12,000 square feet, with a minimum lot width of 80 feet frontage at the building setback line shall be provided. If however any portion of the lot abuts an R-1 or R-11 district, the minimum lot size shall be 20,000 square feet with a minimum lot width of 100 feet frontage measured at the building setback line.

(2) Building area. Not more than 25 percent of the area of each lot may be occupied by buildings and the total impervious surface coverage shall not exceed 60 percent.

(3) Yards. Front, side and rear yards shall be provided on each lot as defined in subsection 232-6(a), as follows:

a. Front yard. One yard, not less than 25 feet in depth.

b. Side yards. Two yards, not less than 30 feet in aggregate width, and neither being less than 12 feet, provided that in the case of the corner lot, the yard abutting any street shall not be less than 25 feet in width or depth.

c. Rear yard. One yard, not less than 40 feet in depth.

d. Distances from street. No building or part of a building shall be erected within 25 feet from the ultimate right-of-way of a public street, road or highway.

(4) Height regulations. No building shall exceed 35 feet in height.

(Ord. No. 96-05, Art. IX(903), 6-3-96)

Sec. 232-437. - Parking regulations.

Parking facilities in a BP district shall comply with article XIII, section 232-586.

(Ord. No. 96-05, Art. IX(904), 6-3-96)

Sec. 232-438. - Planting regulations.

(a) All parking area in a BP district shall be screened in accordance with article XIII, section 232-586:

(b) Bufferyards shall be provided where a building is erected or used in a BP district in accordance with article XIII, subsection 232-592(7) of this Code.

(Ord. No. 96-05, Art. IX(905), 6-3-96)

Sec. 232-439. - Fire lanes.

Fire lanes shall be provided and marked in accordance with Bensalem Township Fire Prevention Ordinance No. 93-15.

(Ord. No. 96-05, Art. IX(906), 6-3-96)

Secs. 232-440—232-460. - Reserved.

4DEMOGRAPHICS



1 MILE 3 MILES 5 MILES

Total population 12,255 102,739 267,521

Median age 40.4 39.0 39.5

Median age (male) 38.5 37.2 38.0

Median age (female) 41.9 41.0 41.5

Total households 5,001 38,833 101,246

Total persons per HH 2.5 2.6 2.6

Average HH income $59,482 $68,080 $69,916

Average house value $275,849 $258,891 $262,886

* Demographic data derived from 2010 US Census

Demographics Report


POPULATION 1 MILE 3 MILES 5 MILES

Total population 12,255 102,739 267,521

Median age 40.4 39.0 39.5

Median age (Male) 38.5 37.2 38.0

Median age (Female) 41.9 41.0 41.5

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

Total households 5,001 38,833 101,246

# of persons per HH 2.5 2.6 2.6

Average HH income $59,482 $68,080 $69,916

Average house value $275,849 $258,891 $262,886

* Demographic data derived from 2010 US Census

Demographics Map

LAND DEVELOPMENT OPPORTUNITY · jewelry (including watch repair), reading materials, tobacco goods,...

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