Address
103 S State Street Newtown, PA
Price
$ 1,495,000
Property Attributes
  • MLS#1009957780
  • TypeMulti-Family
  • CountyBUCKS
  • CityNewtown
  • AreaNewtown Boro
  • Neighborhood000
  • Zip18940
  • Style
  • Year Built1795
  • Taxes9061
  • Price$ 1,495,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • 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
10/19/2018 Listed $1,495,000

General Features

Accessibility None
Cool Fuel None
County BUCKS
Garage Y/N No
MLS Area Newtown Boro (10128)
New Construction No
Other Units Unit 1, Unit 2
Ownership Fee Simple
Possession Negotiable
Price Per Sq Ft 427.39
Property SubType Other
Property Type Multi-Family
School District COUNCIL ROCK
Structure Type Detached
Tax Year 2018
Total Units 2
Vacation Rental Y/N No
Zoning VC

Interior Features

Basement Y/N No
Central Air Y/N No
Cooling Wall Unit
Fireplace Y/N No
Heating None
Heating Fuel Oil
Heating Y/N Yes
Hot Water Electric
Laundry Type Washer In Unit
Living Area 3498

Exterior Features

Architectural Style Other
Construction Materials Wood Siding, Stone
Lot Dimensions 33X106
Lot Size Acres 0.08
Lot Size Source Assessor
Lot Size Square Feet 3498.00
Navigable Water Y/N No
Other Structures Above Grade
Pool Y/N No Pool
Sewer Public Sewer
Type of Parking On Street
Water Access Y/N No
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
  • 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 $970K
$1.5M
Taxes
AVG $7,442
$9,061
Visits
AVG 36
69
Year Built
AVG 1848
1795
Walkscore
AVG 48
79
Data Provided by Walkscore ® not using MLS data

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