$1,495,000
BEDS
--
BATHS
--
SQFT
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ACRES
0.08
ACTIVE MLS # 1009954148, Listed by SVN-Ahia Commercial Real Estate
103 S State St is a $1,495,000 home on a 0.08 acre lot located in Newtown, PA.
Seller’s 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.
Features
INTERIOR
| Appliances | Hot Water - None |
| Interior Features | Accessibility Features - None |
| Cooling Types | None Cooling Fuel - None |
| Heating Types | None Heating Fuel - None |
EXTERIOR
| Parking Types | Parking Type - None |
| Exterior Features | Sale Includes - Land and Building |
| Construction Types | Brick |
| Land Type | Lot Features - Historic - Yes |
| Water Source | Public |
| Sewer | Public Sewer |
PROPERTY
| Property Type | Commercial Sale |
| Property Sub Type | Retail |
| Style | Business Type - Other Standard Fee Simple Grocery/Supermarket Hobby |
| Year Built | 1795 |
| HOA Fee | $0.00 |
| Condo Fee | $0.00 |
| Taxes | $9,061.00 |
| County | bucks |
| School District | council rock |
| Neighborhood | 000 |
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