16 S State Street Newtown, PA
$ 1,249,000
Property Attributes
  • MLS#1003286910
  • TypePending
  • CountyBUCKS
  • CityNewtown
  • AreaNewtown Boro
  • NeighborhoodNONE AVAILABLE
  • Zip18940
  • StyleProfessional,Restaurant/Bar
  • Year Built1830
  • Taxes9838
  • Price$ 1,249,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4600
  • Lot Size2,614 SqFt
Listing Provided Courtesy Of:
M Riccardi Agency, Inc
Property Description

Side by side twin building with 4600 total sq.ft. Upgraded and fully improved Historic building in the heart of Historic Newtown's prime business district. Lots of historic character and charm. Considered the best location in the business district with the highest traffic & visibility situated between the 2 main walkways that service the municipal parking lot. Many, many upgrades including 50 yr. synthetic slate roof, EP Henry sidewalk, 4 HVAC units (each floor of the building has its own HVAC system and thermostat, high efficiency windows, remodeled powder rooms., re-pointed chimneys and stone, etc. Leases expire at different times and user can occupy space in 60-90 days, if purchasing as user/investor. Varied mix of retail, office and commercial tenants. Building is completely wired for both FIOS and Comcast internet. Best retail/commercial/office location in the premier block of the business district and building commands the highest rental values. Purchaser to be sufficiently capitalized and qualified to purchase. This property is advisable for the user/investor combination where the purchaser can have their business and and have an investment all in one package with additional rental income to support almost the entire mortgage depending on the square footage occupied. Most tenants have occupied the buildings for multiple years.

Price History
9/10/2018 Listed $1,280,000
11/4/2019 3% - $1,249,000

General Features

Acceptable Financing Conventional
Accessibility 2+ Access Exits, Level Entry - Main
Avg. Electric Per Month 600.0
Business Type Professional, Restaurant/Bar, Other
Cool Fuel Electric
County BUCKS
Electric Expense 7500.00
Exclusions RCA Victrola In Foyer
Flooring Tile/Brick, Wood, Carpet
Historic Y/N Yes
Location Type Downtown
MLS Area Newtown Boro (10128)
New Construction No
Open Parking Spaces 100
Ownership Fee Simple
Possession Subject to Existing Lease, 61-90 Days CD
Price Per Sq Ft 271.52
Property SubType Retail
Property Type Commercial Sale
PropertyCondition Average+, Renov/Remod, Shows Well, Turn Key
Tax Year 2018
Total Units 6
Trash Expense 3000.00
Vacation Rental Y/N No
Zoning VC
Zoning Description Village Commercial

Interior Features

Building Features Private Restrooms, Ceiling Fans, Display Window, Exhaust System, Fire Alarm, Janitorial Service, Kitchen, Security Lighting, Security System
Central Air Y/N Yes
Cooling Central A/C
Electric 200+ Amp Service, Circuit Breakers
Heating Central, Heat Pump(s), Forced Air
Heating Fuel Electric
Heating Y/N Yes
Hot Water Electric
Total Restrooms 2
Utilities Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone, Cable TV Available, Above Ground

Exterior Features

Building Area Total 4600.00
Construction Materials Wood Siding, Brick, Masonry, CPVC/PVC, Copper Plumbing
Exterior Amenities Highway Exposure, Public Transport Nearby, Sign
Foundation Details Stone
Inclusions Some Furniture & Fixtures
Lot Dimensions 34X113
Lot Features Level, Not In Development, Rear Yard
Lot Size Acres 0.06
Lot Size Source Assessor
Lot Size Square Feet 3842.00
Navigable Water Y/N No
Number of Buildings 1
Parking Features Public
Parking Spaces 76 to 100 Car Garage
Road Frontage Length 34
Road Surface Type Black Top, Paved
Roadresponsibility Boro/Township
Roof Flat, Pitched, Metal, Slate, Rubber
Sewer Public Sewer
Soil Types Unknown
Topography Level lot
Topography Description Level lot
Total Garage and Parking Spaces 100
Type of Parking Parking Lot, Off Street, On Street
View Street
Water Access Y/N No
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 18940

AVG $610K
AVG $5,800
Year Built
AVG 1982

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