534 W Broad St, Quakertown, PA 18951

Property Description

7.74% CAP RATE Mixed-use investment opportunity at 534 W. Broad Street on Quakertown's primary commercial corridor — currently $61,500 in annual gross rental income. Low Expenses. $5,783 in taxes. C2 zoning with no township approval required. The property's first floor consists of two adjacent units — the approximately 725 SF former Rita's Water Ice commercial space and Unit 1, an approximately 600 SF unit with bedroom, bathroom, laundry, kitchen, and basement storage access. Both units are permitted for commercial use by right under Quakertown Borough's C2 General Commercial zoning. A buyer may operate them as two separate commercial units or open the connecting wall to create a single 1,325 SF connected commercial footprint — without requiring any additional zoning approval or conditional use hearing from the borough. The property currently generates $61,500 in gross annual income across all four units. Two residential apartments above — Unit 2 at $925/month and Unit 3 at $1,400/month — provide immediate stabilized residential income. Unit 1 is currently tenanted residentially at $1,400/month under a grandfathered use; the lease is a 3 yr term with annual escalation, the new owner may convert to commercial use by right or continue residential tenancy. With Rita's relocating, the owner-occupant can move a business into 725 SF turnkey restaurant space or expand into the full 1,325 SF connected commercial footprint — food and beverage, retail, professional office, medical office, or personal service all permitted under C2 zoning — while collecting residential income from two upstairs apartments to offset occupancy cost. Private 6-space rear parking lot. Basement storage. Separate entrances for residential tenants. For the investor: current gross income of $61,500 with documented upside on below-market residential rents and the option to convert Unit 1 to commercial use — increasing commercial income without any zoning approval requirement. C2 zoning with Pedestrian-Oriented Mixed-Use Overlay District (POMU). Built 1920, approximately 3,000 SF total per assessor. 20,000+ vehicles per day. High Visibility corner location in the heart of Quakertown Boro. Showing by appointment. Call or text listing agent.