Address
103 S State Street Newtown, PA
Price
$ 1,495,000
Property Attributes
  • MLS#1009954148
  • TypeCommercial
  • CountyBUCKS
  • CityNewtown
  • AreaNewtown Boro
  • Neighborhood000
  • Zip18940
  • StyleFlex,/General Retail,Professional,Restaurant/Bar
  • Year Built1795
  • Taxes9061
  • Price$ 1,495,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3498
  • Lot Size3,485 SqFt
Listing Provided Courtesy Of:
SVN-Ahia Commercial Real Estate
Property Description

A truly exceptional retail investment opportunity in the Heart of Historic Newtown Boro, Bucks County, Pennsylvania. This property offers a stately presentation in an uncompromising environment with both historic significance and modern relevance. Originally built circa 1795 and expanded over time, this free-standing mixed-use property features over 2,800 square feet of prime retail space on the main level (presently home to a well-established florist, est. 1960) and a 3-4 bedroom apartment above, offering Tenants access to an incomparable downtown living experience. The Historic Torbert House is positioned adjacent to two National Credit Tenants (Starbucks and Athleta) and proximate to the iconic Steepleview project - a $100MM redevelopment project which is underway in the Borough of Newtown (Phase 1 is complete). Once completed, the project will be the largest in the Borough's history. It is slated to include 110 Luxury Condominiums, a 5-story parking garage, town square, and more. Two additional National Credit Tenants have committed to the project (Banana Republic & Francesca's). The site is situated in the Newtown Borough 'Town Center' (TC) zoning district, which allows for a variety of uses by right. The demographics and foot traffic for a successful retail business are in place. This offering represents a unique and truly extraordinary opportunity to establish a business in the center of Newtown Borough's retail renaissance.

Price History
10/18/2018 Listed $1,495,000

General Features

Accessibility None
Business Type Other, Flex, Other/General Retail, Professional, Restaurant/Bar
Construction Materials Brick
Cool Fuel None
Cooling None
County BUCKS
Heating None
Historic Y/N Yes
MLS Area Newtown Boro (10128)
New Construction No
Ownership Fee Simple
Possession 61-90 Days CD
Price Per Sq Ft 427.39
Property SubType Retail
Property Type Commercial Sale
Property Use Owner User
Real Estate Owned Y/N No
Sewer Public Sewer
Subdivision Name 000
Tax Annual Amount 9061.0
Tax Lot 041
Tax Year 2018
Vacation Rental Y/N No
Water Access Y/N No
Zoning VC

Interior Features

Central Air Y/N No
Heating Fuel None
Hot Water None

Exterior Features

Building Area Total 3498.00
Fencing Y/n No
Lot Dimensions 33X106
Lot Size Acres 0.08
Lot Size Source Assessor
Lot Size Square Feet 3498.00
Navigable Water Y/N No
Number of Buildings 1
Type of Parking None
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • 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

Price
AVG $990K
$1.5M
Taxes
AVG $34,669
$9,061
Visits
AVG 57
57
Year Built
AVG 1908
1795
Walkscore
AVG 46
79
Data Provided by Walkscore ® not using MLS data

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