203 Sycamore StNewtown, PA 18940
- Retail properties
- 4,536 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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