$1,180,000
$1,249,000
5.5%For more information regarding the value of a property, please contact us for a free consultation.
16 S STATE ST Newtown, PA 18940
4,600 SqFt
Key Details
Sold Price $1,180,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 4,600 sqft
Price per Sqft $256
Subdivision None Available
MLS Listing ID 1003286910
Sold Date 05/14/20
HOA Y/N N
Originating Board TREND
Year Built 1830
Annual Tax Amount $9,838
Tax Year 2018
Lot Size 3,842 Sqft
Acres 0.06
Lot Dimensions 34 X 113
Property Description
Side by side twin building with 4600 total sq.ft. Upgraded and fully improved Historic building in the heart of Historic Newtown's prime business district. Lots of historic character and charm. Considered the best location in the business district with the highest traffic & visibility situated between the 2 main walkways that service the municipal parking lot. Many, many upgrades including 50 yr. synthetic slate roof, EP Henry sidewalk, 4 HVAC units (each floor of the building has its own HVAC system and thermostat, high efficiency windows, remodeled powder rooms., re-pointed chimneys and stone, etc. Leases expire at different times and user can occupy space in 60-90 days, if purchasing as user/investor. Varied mix of retail, office and commercial tenants. Building is completely wired for both FIOS and Comcast internet. Best retail/commercial/office location in the premier block of the business district and building commands the highest rental values. Purchaser to be sufficiently capitalized and qualified to purchase. This property is advisable for the user/investor combination where the purchaser can have their business and and have an investment all in one package with additional rental income to support almost the entire mortgage depending on the square footage occupied. Most tenants have occupied the buildings for multiple years.
Location
State PA
County Bucks
Area Newtown Boro (10128)
Zoning VC
Direction East
Rooms
Other Rooms Primary Bedroom
Interior
Hot Water Electric
Heating Central, Heat Pump(s), Forced Air
Cooling Central A/C
Flooring Tile/Brick, Wood, Carpet
Fireplace N
Heat Source Electric
Exterior
Utilities Available Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone, Cable TV Available, Above Ground
Water Access N
View Street
Roof Type Flat,Pitched,Metal,Slate,Rubber
Street Surface Black Top,Paved
Accessibility 2+ Access Exits, Level Entry - Main
Road Frontage Boro/Township
Garage N
Building
Lot Description Level, Not In Development, Rear Yard
Building Description Other,Plaster Walls, Private Restrooms,Ceiling Fans,Display Window,Exhaust System,Fire Alarm,Janitorial Service,Kitchen,Security Lighting,Security System
Foundation Stone
Sewer Public Sewer
Water Public
Additional Building Above Grade
Structure Type Other,Plaster Walls
New Construction N
Schools
High Schools Coun. Rock
School District Council Rock
Others
Tax ID 28-002-005
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Mark Gatta • Opus Elite Real Estate
GET MORE INFORMATION