75 James Way, Southampton, PA 18966
Retail or Medical Redevelopment Opportunity Near the PA Turnpike
Marketing description
Jackson Cross Partners has been engaged by Ownership (‘the Owner’) as the exclusive sales listing broker with respect to 75 James Way, Southampton, PA 18966 (“75 James Way” or “the Property”).
75 James Way is located on a single, 7.86 AC parcel along with the neighboring 95 James Way. 75 James Way features a two story, 33,000 square foot, vacant low rise office building. Conversely, 95 James Way features a 55,000 square foot single story flex building. Both improvements and their parking could not be subdivided. The site was separated by a recently recorded planned community which allocated 3.02 AC and 114 parking spaces to 75 James Way and allowed both properties to be sold independent of one another. The planned community recorded declaration, bylaws and a reduced declaration plat map are all included in the Property due diligence drive. Due diligence drive access is available upon request.
75 James Way is being sold by itself as a retail or medical office redevelopment opportunity and is currently being offered to the market unpriced.
Investment highlights
Please see our offering memorandum for the construction analysis provided by Benchmark Construction. A health care network could save ~$6M in hard construction costs by redeveloping this existing professional office property versus ground up construction.
By right zoning allows for a myriad of retail or health care uses. ~3 AC site.
The Property has an outstanding location at a signalized corner of James Way and County Line Road. The property additionally abuts to I-276/PA Turnpike - 87,000 AADT, providing superior signage opportunities.
The Property has proximity to a slew of local area hospitals (e.g., Jefferson Health - Warminster Hospital, 2.3 Miles) and other Retailers (e.g., Chick-fil A, Starbucks, LA Fitness, Giant, etc.).
PA Sites & RACP grant monies are available for a potential medical redevelopment project at the site.
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