Investment Overview

Marcus & Millichap is pleased to present the exclusive opportunity of 51 Centre Street in Langhorne, Pennsylvania. The vacant 17,752 square foot property is situated on a 0.42-acre corner lot with frontage on Centre Street and Park Avenue with drive up access from Lincoln Avenue. Positioned in the highest rent growth area of the region, up 5.2 percent year-over-year, the area also consistently maintains a 5.2 percent vacancy rate, well below the Philadelphia region’s average. Presenting a compelling opportunity for investors seeking land in a high-growth market. At a purchase price of $299,000, the property translates to $16.34 per square foot of the 0.42-acre land area. Located in southeastern Pennsylvania, Langhorne is a historic borough situated in Bucks County. The borough is part of the larger Philadelphia metropolitan area, with Philadelphia located just 25 miles southwest of Langhorne. Major employers in the surrounding region include St. Mary Medical Center, Woods Services, and Langhorne Carpet Company, contributing to a diverse economic base in healthcare, education, and manufacturing. Langhorne’s proximity to major highways, including Interstate 95 and U.S. Route 1, makes it a convenient location for commuting to urban areas such as Philadelphia, Trenton, and Princeton. The borough is also conveniently located near two major airports, Philadelphia International Airport (PHL), which is approximately 40 miles southwest, and Trenton-Mercer Airport (TTN), which is about 15 miles northeast. Recent development projects, like the construction of a new upscale apartment complex at the Oxford Valley Mall, have boosted the area’s appeal with investors. The project is a significant redevelopment effort that includes 600 luxury apartments with various amenities. The Oxford Valley Mall is a major retail hub featuring a variety of shopping, dining, and entertainment options.