158 Pheasant RunNewtown, PA 18940

  • Industrial properties
  • 1.91 AC
For Sale
$3,925,000 View listing

Property Details for 158 Pheasant Run

Lot size
1.91 AC
Zone code
LI
Property type
Industrial properties
Property subtype
Other industrial properties
APN
29-010-135
APU
29010135

Description

This exceptional 1.91-acre lot represents the last available development opportunity within the thriving Newtown Business Commons. Strategically located on a high-traffic, high-visibility corner, this parcel offers unparalleled potential for a variety of commercial ventures. The Newtown Business Commons has experienced significant growth, transforming from a primarily warehouse district into a vibrant mixed-use community. Now boasting a diverse mix of warehouse space, office buildings, a hotel, educational facilities, restaurants, and one of the nation's premier health clubs (The Newtown Athletic Club, situated directly across the street), this location benefits from exceptional existing infrastructure and a strong established clientele. The asking price reflects recent comparable sales of similarly sized parcels, which included demolition costs. This presents a unique chance to capitalize on the area's robust growth and create a significant commercial presence. The high traffic count and prominent corner location ensure maximum exposure and accessibility for any new development. This is a rare opportunity to acquire a prime development site in a highly sought-after location. The site's size and location within the established Newtown Business Commons make it ideal for a wide range of commercial projects, offering significant potential for return on investment. Don't miss this chance to secure the last remaining lot in this dynamic business park. The property is priced to reflect recent comparable sales, including demolition costs.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $15,744,694
    Hospitality
    $14,422,055
    Educational
    $11,998,981
    Medical
    $12,411,644
    Retail
    $18,665,082
158 Pheasant Run, Newtown, Pennsylvania

Location Insight

City
Newtown
County
Bucks
State
Pennsylvania
Latitude
40.2248
Longitude
-74.9094
CBSA code
37980
CBSA name
PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$6,656
$37,450
-
$37,450
-
$513,011
-
$513,011

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