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    111 S State Street

    NEWTOWN, PA 18940
    • $975,000
    • STATUS: Pending
    • ON SITE: 59 days
    • ID#: PABU519950
    Pending
    UPDATED: 14 min ago
    $975,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    County:

    School Information

    High School:
    School District:

    Description

    INVESTMENT OPPORTUNITY! Contracted annual rental income of $56,000.00 with a possible $25K+ with potential immediate positive cashflow. Commercial building investment opportunity in the heart of Newtown Borough in a premiere location with high foot traffic. Located across the street from Starbucks and the famous Newtown Hardware House, The Bird in Hand, a rare find, and uncommon structure in today's marketplace, is a fabulous opportunity on a prime corner lot, prominently positioned on South State Street in Newtown Borough. Commanding the highest rental values, this location is a unique and exceptional offering. Zoned TC "town center", it is suited to the investor who requires office/retail/residential space w/EZ access to I-95, Trenton, Princeton and Philadelphia/New York metro area trains. Built in 1686, it boasts a richly documented history and has been impeccably preserved with its 7 fireplaces, detailed millwork, random-width wood floors and high open-beam ceilings. There is a brick-baking oven in the basement wall, which was used for centuries. Separate, private two-room apartment w/full bath. TC zoning allows multiple uses by right including mixed use, professional offices, restaurant, dwelling in combination with a business, retail and services businesses to name a few. This property is advisable for the user/investor combination where the purchaser can have their business and have an investment all in one package with potential for immediate additional positive cash flow and outstanding return on investment. 2 units. One with tenant in place to Oct 2023. 2 deeded off-street parking spaces with plenty on street parking and municipal lots across the street. Purchaser to be sufficiently capitalized and qualified to purchase before showing. Seller is a licensed PA & NJ Realtor. See also RES listing MLS # PABU519958

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    ©2021 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: 2021-05-10T23:52:41.817.
    www.locomusings.com/homes/115053281
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    111 S State Street NEWTOWN, PA 18940

    • Price: $975,000
    • Status: Pending
    • Updated: 14 min ago
    • ID#: PABU519950
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    Neighborhood:
    Newtown Boro (10128)
    County:
    Bucks
    Area:
    Newtown Boro (10128)
    High School:
    Council Rock North
    School District:
    Council Rock
    Property Description
    INVESTMENT OPPORTUNITY! Contracted annual rental income of $56,000.00 with a possible $25K+ with potential immediate positive cashflow. Commercial building investment opportunity in the heart of Newtown Borough in a premiere location with high foot traffic. Located across the street from Starbucks and the famous Newtown Hardware House, The Bird in Hand, a rare find, and uncommon structure in today's marketplace, is a fabulous opportunity on a prime corner lot, prominently positioned on South State Street in Newtown Borough. Commanding the highest rental values, this location is a unique and exceptional offering. Zoned TC "town center", it is suited to the investor who requires office/retail/residential space w/EZ access to I-95, Trenton, Princeton and Philadelphia/New York metro area trains. Built in 1686, it boasts a richly documented history and has been impeccably preserved with its 7 fireplaces, detailed millwork, random-width wood floors and high open-beam ceilings. There is a brick-baking oven in the basement wall, which was used for centuries. Separate, private two-room apartment w/full bath. TC zoning allows multiple uses by right including mixed use, professional offices, restaurant, dwelling in combination with a business, retail and services businesses to name a few. This property is advisable for the user/investor combination where the purchaser can have their business and have an investment all in one package with potential for immediate additional positive cash flow and outstanding return on investment. 2 units. One with tenant in place to Oct 2023. 2 deeded off-street parking spaces with plenty on street parking and municipal lots across the street. Purchaser to be sufficiently capitalized and qualified to purchase before showing. Seller is a licensed PA & NJ Realtor. See also RES listing MLS # PABU519958
    Exterior Features

    Construction Materials Wood Siding Garage YN No Location Type Business District Lot Features CornerBacks - ParklandLandscaping Parking Features Paved ParkingPrivatePublic Parking Types DrivewayOn StreetOther Property Condition Very Good Riparian Rights YN No Roof Asphalt View Street Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 3235.00 Cooling Central A/CDuctless/Mini-Split Exclusions 2 Chandeliers 1 in Main Building Dining Room And 1 in 2nd Floor Bathroom. 2 Chandeliers in Apartment Hallway And Stairwell To Bedroom. (All Four Are Family Heirlooms) Tenants Belongings And Apartment Furniture. Flooring CarpetCeramic TileHardwood Heating 90% Forced AirWall UnitBaseboard - Electric Heating YN Yes Inclusions Outdoor Security System With 3 Cameras (Nest) Net Square Feet 4000.00 Security Features Surveillance Sys

    Property Features

    Acceptable Financing CashConventional Accessibility Features None Annual Gross Expense 8000.00 Assessment Year 2020 Association YN No Business Type Other Central Air YN Yes Cooling Fuel Natural GasElectric Electric 200+ Amp Service Electric Expense 1000.00 Foundation Details Stone Gross Income 80000.00 Heating Fuel Natural Gas Historic YN Yes Hot Water Natural Gas Insurance Expense 2700.00 Lease Considered YN No Maintenance Expense 1500.00 Municipality Newtown Boro Navigable Water YN N New Construction YN No Number Of Units Total 2 Operating Expense Includes Cable TvElectricHeating/CoolingInsuranceLandscaping Original MLSNumber 304464778960 Owner Pays Common Area MaintenanceHeater Maintenance ContractInsuranceLawn/Shrub CareSewerSnow RemovalTaxes - Personal PropertyTaxes - Real EstateTrash CollectionElectricityHeat Ownership Interest Fee Simple Possession Settlement Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 8917.00 Tax Assessment Amount 52480.00 Tax Lot 039 Total Actual Rent 80000.00 Trash Expense 300.00 Vacation Rental YN No Water Source Public Year Built Effective 2009 Zoning Town Center

    Listing courtesy of Bhhs Fox & Roach-New Hope.


    ©2021 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: 2021-05-10T23:52:41.817.
     
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