For Sale
$1,275,000

250 State StNewtown, PA 18940

Prime Newtown location, high potential

Overview

Added:
Dec 11, 2024
Days on market:
114
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.

Property Details for 250 State St

Property type
Retail properties, Land
Lot Size (sq. ft)
12,632 SF

Location Insight

City
Newtown
County
Bucks
State
Pennsylvania
Latitude
40.2247441
Longitude
-74.9367924
250 State St, Newtown, Pennsylvania

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250 State St
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