3 Friends LnNewtown, PA 18940

Property Details for 3 Friends Ln

Year built

1988

Lot size

3.01 AC

Property size (Sq ft)

19,464 SF

Zone code

PI

Property type

Office buildings

APN

29-010-107

APU

29010107

Description

This exceptional Class A office building, constructed in 1988 and renovated in 2017, offers 3,850 square feet of immediately available space on the first floor of a larger 19,464 square foot building situated on a 3.02-acre lot in Newtown, Pennsylvania. The building features a steel frame with abundant natural light from its glass exterior. The available space boasts a versatile layout including a reception area, large open workspace, multiple conference rooms, private offices, and a kitchenette. The property is located at the highly visible intersection of Friends Lane and Newtown Yardley Road, offering excellent visibility and accessibility. This location provides convenient access to major roadways, including proximity to PA-332 (0.6 miles), I-295/95 (1.8 miles), and the Scudder Falls Bridge (4.2 miles), facilitating easy commutes to Philadelphia, Central and Southern New Jersey, and New York. The building is fully sprinklered, elevator-served, and provides ample parking with a 5:1000 ratio, totaling 100 spaces. The property is zoned OL-I Office Light Industrial District and is situated near numerous retailers, hotels, restaurants, and cultural attractions, making it an ideal location for businesses seeking a blend of convenience and prestige. The building's address is 3 Friends Lane, Newtown, PA 18940, in the Lower Bucks County submarket. The total building has multiple tenants, with 4,238 square feet currently vacant. The property's APN is 29-010-107 in Bucks County.

• CAP approach

  CAP return

  Valuation

  6%

  $3,217,980

  6.5%

  $2,970,444

  7%

  $2,758,269

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,543,166

  Geo Method

  $2,543,166

• Alternative Use

  Use

  Valuation

  Residential

  $3,683,350

  Hospitality

  $3,373,929

  Educational

  $2,807,069

  Medical

  $2,903,609

  Retail

  $4,366,552

Location Insight

City

Newtown

County

Bucks

State

Pennsylvania

Latitude

40.2301

Longitude

-74.9158

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].