Retail Space
1020 Lincoln Avenue Prospect Park, PA 19076
Details & Description
Price: $819,000
    Longtime established and thriving turn-key bakery in Delaware County. This sale and business will provide for a Long Term (10 year) NN lease with 3% annual increases plus 2 apartments. Gross initial income from the building will be $96,000. This family owned and operated business has been operating with over 50 years of experience! This bakery is conveniently located in a (+/-) 5600 SF free, standing building on the heavily traveled Route 420 which is the main street for Prospect park with 12,000 +/- ADT and 24,000 ADT on Chester Pike. The Building is in excellent condition and operates the bakery in the entire first floor and part of the 2nd floor. The 2 fully furnished apartments have 2 long term tenants and are well kept. Excellent demographics – 128,640 people within 3 mile radius and an average household income of $81,090. This property is just off route 95 and route 476 and has easy access to the entire Delaware Valley. Most of the tenants that have occupied the apartments are airline pilots and employees since it is also within minutes of the Philadelphia Airport. The long-time bakery business is being sold either together with the real estate or separate for $595,000. The bakery business currently grosses $22,000/ wk. Could be a good investment with a brand new long term lease commencing at settlement.
    Listing Agents
    Craig Fernsler
    KW Commercial
    O: 215-816-5835
    M: 215-654-6011
    cfernsler@kwcommercial.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    1020 Lincoln Avenue

    Prospect Park, PA 19076

    Listing ID: 269229
    • 1020 Lincoln Avenue Prospect Park, PA 19076 | for Sale | Photo 1
    • 1020 Lincoln Avenue Prospect Park, PA 19076 | for Sale | Photo 2
    • 1020 Lincoln Avenue Prospect Park, PA 19076 | for Sale | Photo 3
    1020 Lincoln Avenue | for Sale | Thumbnail 1
    1020 Lincoln Avenue | for Sale | Thumbnail 2
    1020 Lincoln Avenue | for Sale | Thumbnail 3
    Building Size: 5,642 SF
    Lot Size: 0.210 AC
    Land Size: 9,147 SF
    Building $/SF: $145.16
    Land $/SF: $89.54
    Price
    $819,000
    Description

    Longtime established and thriving turn-key bakery in Delaware County. This sale and business will provide for a Long Term (10 year) NN lease with 3% annual increases plus 2 apartments. Gross initial income from the building will be $96,000. This family owned and operated business has been operating with over 50 years of experience! This bakery is conveniently located in a (+/-) 5600 SF free, standing building on the heavily traveled Route 420 which is the main street for Prospect park with 12,000 +/- ADT and 24,000 ADT on Chester Pike. The Building is in excellent condition and operates the bakery in the entire first floor and part of the 2nd floor. The 2 fully furnished apartments have 2 long term tenants and are well kept. Excellent demographics – 128,640 people within 3 mile radius and an average household income of $81,090. This property is just off route 95 and route 476 and has easy access to the entire Delaware Valley. Most of the tenants that have occupied the apartments are airline pilots and employees since it is also within minutes of the Philadelphia Airport. The long-time bakery business is being sold either together with the real estate or separate for $595,000. The bakery business currently grosses $22,000/ wk. Could be a good investment with a brand new long term lease commencing at settlement.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Philadelphia History of Retail Space for Sale

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    Prospect Park Area Market Trends

    Listing Demographics for 1020 Lincoln Avenue Prospect Park, PA 19076

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population23,156135,022331,375
    Population Median Age393938
    Population by Age0-9 Yrs2761 (11%)16000 (11%)41104 (12%)
    10-19 Yrs2751 (11%)17706 (13%)42178 (12%)
    20-29 Yrs2921 (12%)17857 (13%)46434 (14%)
    30-39 Yrs3495 (15%)19637 (14%)45858 (13%)
    40-49 Yrs2971 (12%)16479 (12%)40701 (12%)
    50-59 Yrs3408 (14%)18924 (14%)45700 (13%)
    60-69 Yrs2573 (11%)15224 (11%)37338 (11%)
    70+ Yrs2276 (9%)13196 (9%)32063 (9%)
    Median HH Income$70,927$67,324$62,654
    Total Household Income< 24K1258 (14%)8221 (16%)23365 (18%)
    25-49K1754 (19%)10640 (20%)27005 (21%)
    50-74K1700 (18%)9193 (18%)21959 (17%)
    75-99K1293 (14%)7015 (13%)15876 (12%)
    100-199K2604 (29%)13343 (26%)28893 (23%)
    200K+344 (3%)2534 (4%)6988 (5%)
    Highest Education LevelNo Diploma765632818969
    Diploma or GED69323583680803
    Some College33181680041466
    Assoc. Degree1244809619022
    Bachelors Degree27441635340848
    Higher Degree1283932824897
    Total Housing Units9,68355,273136,751
    --Owner-Occupied6,35635,18080,927
    --Renter-Occupied2,59615,76643,157
    Owner-Occupied Values< 100K457548815591
    100-199K35561667334201
    200-299K1926839716926
    300-399K37929318414
    400-499K377722970
    500K+19202825
    Total Working Age Population18,805108,785264,728
    In Work Force13,14174,209176,127
    Not In Work Force5,66434,57688,601
    Workforce Employed12,36269,614164,050
    Workforce Unemployed7754,58812,056
    Civlian Workforce13,13774,202176,106
    Military Workforce4722
    Total Households8,95250,946124,085
    Family Households5,59032,35479,253
    Non-Family Households3,36118,59144,832
    Married Couple3,86321,85850,086
    Other Family1,72710,49629,167
    Married w/Child1,6919,04020,709
    Single Male w/Child2861,2463,167
    Single Female w/Child5323,85311,525

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    New Jersey8,414,350+48,791,894+49,132,700+49,530,900
    Gloucester County254,673+13288,288+1292,000+5305,800
    Pennsylvania12,281,054+312,702,379+413,230,170+413,759,594
    Chester County433,501+15498,886+7533,837+7573,576
    Delaware County550,864+1558,979+5588,436+6622,307
    Philadelphia County1,517,550+11,526,006+81,653,729+61,753,054

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 1020 Lincoln Avenue in Prospect Park?
    The asking price for 1020 Lincoln Avenue is $819,000
    What is the building size of this Retail property in Prospect Park, PA?
    The size of the building/unit at 1020 Lincoln Avenue in Prospect Park is 5,642 square feet
    How much land does the Prospect Park, PA property at 1020 Lincoln Avenue include?
    1020 Lincoln Avenue in Prospect Park includes 0.210 acres of land
    What kind of Retail is the propery at 1020 Lincoln Avenue?
    The property at 1020 Lincoln Avenue Prospect Park, PA 19076 is listed as a Food Service Retail property
    What is the population within 1 mile of 1020 Lincoln Avenue in Prospect Park?
    The population within 1 mile of 1020 Lincoln Avenue Prospect Park, PA 19076 is 23,156 people.
    Who do I contact for questions about 1020 Lincoln Avenue?
    You should contact the listing agent, Craig Fernsler, for any details regarding this commercial listing.

    Other Listings for Sale Nearby

    Address Price Sq Ft Acres
    1038 Lincoln Avenue, Prospect Park, PA $285,000 5000 0.3
    230 Holmes Road, Holmes, PA CALL 10000 0.5
    2339 MacDade Boulevard, Holmes, PA $525,000 4000 0.3
    300 Chester Pike, Glenolden, PA $600,000 2592 0.33
    135 Chester Pike, Glenolden, PA $699,900 18500 0.77
    135 Chester Pike, Glenolden, PA $699,900 18500 0.77
    4501 Edgmont Avenue, Brookhaven, PA $1,250,000 4886 0.35
    729 Long Lane, Bryn Mawr, PA $1,600,000 5000 0.12
    824 North Lansdowne Avenue, Drexel Hill, PA $950,000 2931 0.32
    Township Line Road and West Chester Pike, Havertown, PA CALL 3500 5.17

    Closest Commercial Airports

    Airport Distance (mi)
    Philadelphia International Airport (PHL) 4
    Newark Liberty International Airport (EWR) 82
    Baltimore Washington International (Thurgood Marshall Airport) (BWI) 88