2 Commercial & 2 Residential Unit in 3000 sq ft building in Quakertown PA Boro- C2 Zoning in POMU Overlay District

Highlights:

• C2 zoning with Pedestrian-Oriented Mixed-Use Overlay — maximum use flexibility in Quakertown Borough
• Current gross annual income $54,600 across four units
• Three residential apartments with separate entrances — stable occupancy
• Below-market residential rents — value-add upside at near-term lease renewals with zero capital expenditure
• 725 SF ground floor commercial space — food service infrastructure in place
• 6-space private rear parking lot — scarce on W. Broad Street
• Basement storage included for both ground floor units
• Going-in cap rate approximately 6.5% on current NOI
• Clear path to improved yield through residential rent normalization and commercial re-tenanting
• SBA 504 financing available for qualifying owner-occupants at 10% down
• Quakertown Borough downtown revitalization — Pedestrian-Oriented Mixed-Use Overlay policy supports long-term corridor appreciation
• Upper Bucks County trade area 60,000–80,000 residents
• Route 309 corridor — Pennsylvania Turnpike Fort Washington interchange 25 miles south
• Annual taxes $5,783 — low carrying cost relative to income potential
• Built 1920 — 3,000 SF total per assessor
• Confirmed commercial use by right on both first floor units — up to 1,325 SF ground floor commercial
• No additional zoning approval, conditional use hearing, or variance required
• Configurable as one connected 1,325 SF footprint or two separate commercial units

Description:

A confirmed zoning determination has established that 534 W. Broad Street offers up to 1,325 SF of ground floor commercial space available by right under C2 zoning — no township approval required, no conditional use process, no variance. The right exists in the zoning as written.

The property's first floor consists of two adjacent units: the approximately 725 SF former Rita's Water Ice commercial space and the approximately 600 SF Unit 1 with bedroom, bathroom, laundry, and kitchen. Both are permitted for commercial use by right. A buyer may open the connecting wall for one 1,325 SF connected commercial footprint or operate them as two separate units for different commercial tenants or uses.

Unit 1 is currently tenanted residentially at $1,050/month under a grandfathered use. The incoming owner may convert to commercial at lease expiration by right — no approval required. Units 2 and 3 residential ($925 and $1,175/month) continue providing stabilized upstairs income regardless of first floor configuration decisions.

Current gross income $54,600. Going-in NOI approximately $40,950 at 25% expense ratio — 6.5% cap rate at $625,000 ask. Stabilized pro forma improves materially as residential rents reach market and first floor commercial is repositioned.

Josh Wernick - REALTOR® | Keller Williams Real Estate | 267-934-5674 | joshwernick@kw.com