This exceptional property, located at 250 S State Street in Newtown, Pennsylvania (zip code 18940), presents a unique investment opportunity encompassing both retail and land components. The 0.29-acre lot currently features a five-unit apartment building, ideally suited for a mixed-use development. A recent major renovation (2017) upgraded the building's utilities, finishes, and common areas, including new lighting, carpeting, tiling, and paint throughout. Four of the five one-bedroom apartments boast new kitchens, bathrooms, HVAC systems, and hot water units. Hardwood floors have been refinished in all units. The lower level has been redesigned to include storage, laundry facilities, new furnaces, electrical panels, and hot water heaters. The property's VC zoning allows for potential commercial/retail use on the first floor, complementing the existing residential units. The building is situated in the heart of Newtown Borough, a desirable community minutes from major highways, train lines, and numerous amenities, including shops, restaurants, and historical sites. Its location on the I-95 corridor provides easy access to both New York City and Philadelphia. An additional detached barn is included in the sale, as-is. The asking price for this property is $1,275,000.
Highlights
Exceptional mixed-use investment opportunity in Newtown, PA (18940) at 250 S State Street.
0.29-acre lot with a five-unit apartment building, ideal for mixed-use development.
Major renovation in 2017 included updated utilities, finishes, and common areas.
Four of five one-bedroom units feature new kitchens, bathrooms, HVAC, and hot water heaters; all units have refinished hardwood floors.
Lower level redesigned with storage, laundry, new furnaces, electrical panels, and hot water heaters.
VC zoning permits commercial/retail use on the first floor.
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Jacqueline Hillgrube
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250 State St, Newtown, Pennsylvania, 18940
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
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250 State St
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