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110 Main Street

NEW HOPE, PA 18938
  • $1,950,000
  • STATUS: Active Under Contract
  • ON SITE: 41 Days
  • ID#: PABU2038254
Under Contract
UPDATED: 52 min ago
$1,950,000
  • 0
    BEDS
  • 0.35
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1904
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Available for the first time in over 50 years, +G+South Main+G- is the essence of iconic, quintessential New Hope and always ready to amaze you. A once-in-a-generation opportunity to own this mixed-use commercial/residential landmark prominently located in the heart of downtown New Hope. Comprising of 3 retail stores, 1 restaurant; all with an outdoor display room, a separate 2-unit residential building on Waterloo St., a large private parking lot, all-in-one parcel, this property+GGs unique features and impressive income stream are difficult to replicate. This is a particular opportunity for an investor or owner operator seeking a superior hedge against market volatility. South Main enjoys prime visibility and high traffic, right across from Havana+GGs restaurant and bar. Comprising of a few iconic stores of New Hope, Sav'aged Design, Suzie's Hot Sauce, Nina's Waffles & Ice Cream and Smooth Roots, while the rear features a detached (c.a.2009) building with 2 apartments, which is elevated and facing the river. Each unit has its own garage. This property enjoys a 100% occupancy track record, low taxes and moderate operating expenses. Become a part of the booming growth of New Hope Borough.Photos legend: Unit 1 retail, Unit 2 retail, Unit 3 restaurant, Unit 4 retail, Unit 5 apartment, unit6 apartment

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and 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 may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-11-29T09:53:26.507.
www.locomusings.com/homes/134066545
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110 Main Street NEW HOPE, PA 18938

  • Price: $1,950,000
  • Status: Active Under Contract
  • On Site: 41 Days
  • Updated: 52 min ago
  • ID#: PABU2038254
0
Beds
0
Baths
0
½ Baths
0.35
Acres
1904
Built
Neighborhood:
New Hope Boro (10127)
County:
Bucks
Area:
New Hope Boro (10127)
Elementary School:
New Hope-Solebury Upper
Middle School:
New Hope-Solebury
High School:
New Hope-Solebury
School District:
New Hope-Solebury
Property Description
Available for the first time in over 50 years, +G+South Main+G- is the essence of iconic, quintessential New Hope and always ready to amaze you. A once-in-a-generation opportunity to own this mixed-use commercial/residential landmark prominently located in the heart of downtown New Hope. Comprising of 3 retail stores, 1 restaurant; all with an outdoor display room, a separate 2-unit residential building on Waterloo St., a large private parking lot, all-in-one parcel, this property+GGs unique features and impressive income stream are difficult to replicate. This is a particular opportunity for an investor or owner operator seeking a superior hedge against market volatility. South Main enjoys prime visibility and high traffic, right across from Havana+GGs restaurant and bar. Comprising of a few iconic stores of New Hope, Sav'aged Design, Suzie's Hot Sauce, Nina's Waffles & Ice Cream and Smooth Roots, while the rear features a detached (c.a.2009) building with 2 apartments, which is elevated and facing the river. Each unit has its own garage. This property enjoys a 100% occupancy track record, low taxes and moderate operating expenses. Become a part of the booming growth of New Hope Borough.Photos legend: Unit 1 retail, Unit 2 retail, Unit 3 restaurant, Unit 4 retail, Unit 5 apartment, unit6 apartment
Exterior Features

Construction Materials Wood SidingBlock Garage YN No Parking Features Paved Parking Parking Types Off SitePrivate Garage Property Condition Very Good Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 0.00 Cooling Other Exclusions Tenants Personal Property And Trade Fixtures Heating 90% Forced Air Heating YN Yes Net Square Feet 3600.00

Property Features

Acceptable Financing Cash Accessibility Features None Assessment Year 2022 Business Type Apartment BuildingOther/General RetailRestaurant/BarOther Central Air YN No Cooling Fuel Electric Heating Fuel ElectricNatural Gas Hot Water Electric Lease Considered YN No Municipality New Hope Boro Navigable Water YN N Net Operating Income 136000.00 New Construction YN No Number Of Units Total 6 Original MLSNumber 801958329490 Ownership Interest Fee Simple Possession Negotiable Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 11974.00 Tax Assessment Amount 80660.00 Tax Lot 164 Total Actual Rent 157368.00 Vacation Rental YN No Water Source Public Year Built Effective 2009 Zoning Cc

Listing courtesy of Addison Wolfe Real Estate: .


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and 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 may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-11-29T09:53:26.507.
 
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