103 State StNewtown, PA 18940

Property Details for 103 State St

Year built

1837

Lot size

0.28 AC

Property size (Sq ft)

6,290 SF

Zone code

VC

Property type

Residential income properties

Property subtype

High-rise multifamily apartments

APN

28-002-067

APU

28002067

Description

This stunning, fully renovated (2024) historic storefront (1795) offers 2,200 square feet of prime retail space in Newtown Borough's vibrant Town Center (TC) zoning district. Located at 103 S. State Street, this free-standing, mixed-use property boasts large street-facing windows, prominent signage opportunities, and ample street parking. The 3,862 square foot building sits on a 0.08-acre lot and is ideally situated near key intersections, surrounded by established retailers like Starbucks, Athleta, and Bluemercury. Its location within the thriving Newtown Borough offers easy access to a diverse range of shopping, dining, and cultural attractions. The property benefits from excellent regional connectivity, being a short drive from Princeton and Philadelphia, and within a reasonable distance of New York City. The nearby Steeple View project, a significant redevelopment featuring luxury apartments and public amenities, further enhances the property's desirability and potential for growth. This exceptional property presents a unique opportunity to establish a business in a highly sought-after location, blending historic charm with modern convenience. The property's APN is 28-002-041, and it is located in Bucks County, Pennsylvania, zip code 18940.

• CAP approach

  CAP return

  Valuation

  6%

  $1,289,507

  6.5%

  $1,190,314

  7%

  $1,105,292

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,273,870

  Geo Method

  $1,273,870

• Alternative Use

  Use

  Valuation

  Residential

  $1,190,314

  Hospitality

  $1,090,321

  Educational

  $907,134

  Medical

  $938,332

  Retail

  $1,411,098

Location Insight

City

Newtown

County

Bucks

State

Pennsylvania

Latitude

40.2306

Longitude

-74.9362

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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