203 Sycamore StNewtown, PA 18940

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

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.

• 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

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

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