203 Sycamore StNewtown, PA 18940

  • Retail properties
  • 4,536 SF
For Sale
$3,950,000 View listing

Property Details for 203 Sycamore St

Year built
1800
Lot size
0.34 AC
Property size (Sq ft)
4,536 SF
Zone code
R1
Property type
Retail properties
Property subtype
Turn key restaurants
APN
29-012-016-001
APU
29012016001

Description

This exceptional opportunity presents the chance to acquire a historically significant restaurant in Newtown, Bucks County, Pennsylvania. Located at the signalized intersection of North Sycamore Street and Jefferson Street, this free-standing building boasts 5,902 square feet of space, originally constructed in 1796 and extensively renovated in 2019. Currently configured as a restaurant with seating for over 140 patrons, including additional outdoor dining on a wraparound porch, the property also includes two apartments and substantial lower-level space. The 0.34-acre lot provides 25 parking spaces. Situated in Newtown's Town Center (Tc) zoning district, this property allows for a variety of uses. Its prime corner location offers exceptional visibility and accessibility, benefiting from high vehicular and pedestrian traffic. The property is directly across from national retailers and enjoys a strong demographic profile, with over 109,000 residents within a 5-mile radius and an average household income exceeding $126,000. Convenient access to Philadelphia, New Jersey, and New York, along with proximity to major roadways like the Newtown Bypass (PA 332) and PA 413, further enhances its appeal. This turn-key restaurant presents a significant investment opportunity with potential for value-add through the existing apartments. A liquor license is available. The asking price is $3,950,000. The APN is 29-012-016-001.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,102,406
    6.5%
    $1,017,606
    7%
    $944,920
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,493,538
    Geo Method
    $1,493,538
  • Alternative Use

    Use
    Valuation
    Residential
    $858,389
    Hospitality
    $786,279
    Educational
    $654,175
    Medical
    $676,673
    Retail
    $1,017,606
203 Sycamore St, Newtown, Pennsylvania

Location Insight

City
Newtown
County
Bucks
State
Pennsylvania
Latitude
40.2329
Longitude
-74.9374
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
$8,428
$10,520
$36,900
$47,420
-
$144,109
$505,477
$649,586

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