$1,495,000 103 S State Street 000

MLS: 1009954148   Type: Commercial   County: Bucks   City: Newtown   Area: Newtown Boro   Neighborhood: 000   Zip: 18940   Style: Flex,/General Retail,Professional,Restaurant/Bar     Taxes: $9,061

Mortgage $7,019 /mo

Beds

Baths

Half Baths

Sqr Footage

Lot Size

Built

0

0

0

3,498

3,485

1795

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.

Elementary School

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High School

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Price History

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

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 Y
MLS Area Newtown Boro (10128)
New Construction N
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 N
Sewer Public Sewer
Subdivision Name 000
Tax Year 2018
Vacation Rental Y/N N
Water Access Y/N N
Zoning VC

Interior Features

Central Air Y/N N
Heating Fuel None
Hot Water None

Exterior Features

Building Area Total 3498.00
Fencing Y/n N
Lot Dimensions 33X106
Lot Size Acres 0.08
Lot Size Source Assessor
Lot Size Square Feet 3498.00
Navigable Water Y/N N
Number of Buildings 1
Total Parking Spaces 0
Type of Parking None
Water Oriented Y/N N
Water Source Public
Water View Y/N N
Waterfront Y/N N

Property Schools



Direct Link:

https://www.searchphillylistings.com/property/16-1009954148-103-S-State-Street-Newtown-PA-18940

Gallery (4 photos)

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Property vs Zip Code Avg (18940)

Price 1.49M Avg 1.59M

Sqr Feet 3,498 Avg 5,306

Cost / Sqr Ft $427 Avg $300

Taxes $9,061 Avg $35,499

Acres 0.08 Avg 1.22

Visits 51 Avg 57

Walkscore® 79 Avg 45

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: SVN-Ahia Commercial Real Estate




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Location & Address

SPACE & COMPANY
2200 Walnut Street
Philadelphia, PA
215-600-3674
215-625-4721