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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.

Property Details for 103 S STATE ST

103 S STATE ST is a 0.08 acre lot for sale in Newtown, PA 18940.

Heating & Cooling

Central Air
No

Parking

Parking
None

Building

Property Sub Type
Townhouse
Architectural Style
Other

Construction

Year Built
1795
New Construction
No

Lot

Acres
0.08
Lot SQFT
3498.00
Zoning
VC
Land Use Code
4115

Waterbody

Waterfront
No
View of Water
No
Waterbody Tidal
No

Community

Subdivision
000
County
BUCKS

Schools

School District
COUNCIL ROCK

Address

Address
103 S STATE ST, NEWTOWN, PA 18940
Street Address
103 S STATE ST
City
NEWTOWN
Zip
18940
Latitude
40.22767000
Longitude
-74.93664000
State
PA

Pricing

Sale Type
Sale
Price
$1,495,000

Status

MLS ID
1009954148
Status
Active
Published Date
October 4, 2018
Modified Date
April 8, 2019 at 3:11 PM

Taxes & Assessments

Tax Assessed Value
56000.0
Tax Lot
041
Tax Year
2018

Source

Agent
Chichi E Ahia
Agent Phone Number
2157572500
Office
SVN-Ahia Commercial Real Estate
Data Source
Bright MLS
Data Disclaimer
Copyright 2018 Bright MLS, All Rights Reserved. Information deemed reliable but not guaranteed. The property information is provided for personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be offered for sale because they are for instance, under contract, sold or are no longer being offered for sale. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Bright MLS. Real estate listings held by brokerage firms other than Copper Hill Real Estate, LLC will include the name of the listing broker(s) when required by the MLS.