223 Sycamore StNewtown, PA 18940

Property Details for 223 Sycamore St

Year built

1760

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.56 AC

Property size (Sq ft)

842 SF

Zone code

R1

Property type

Office properties

Property subtype

Office buildings

APN

29-012-020

APU

29012020

Description

This exceptional 340 square foot office space is situated in the heart of Newtown's vibrant business district, on highly visible Sycamore Street. The property boasts the character of a historic building, offering a unique and appealing professional environment. Surrounded by thriving retail businesses and restaurants, this location provides excellent visibility and accessibility. The office space itself features its own entrance, easily accessible from a dedicated parking area. Tenants also enjoy access through a formal lobby. Two assigned parking spaces are included, with additional off-street parking available on a first-come, first-served basis. Prominent Sycamore Street signage is also available. The building offers an additional 1,198 square feet of unfinished storage space, though images are not currently available. The landlord is responsible for water, sewer, gas heating, trash disposal, snow removal, and electricity. Tenant responsibilities include phone, internet, and janitorial services for their space. Retail uses are not permitted. This property presents a rare opportunity to secure a well-located, character-filled office space in a thriving Newtown business community. The 0.56-acre lot provides ample parking and convenient access for both tenants and their clients.

• CAP approach

  CAP return

  Valuation

  6%

  $139,208

  6.5%

  $128,499

  7%

  $119,321

• Comparable approach

  Method

  Valuation

  Relative Method

  $110,016

  Geo Method

  $110,016

• Alternative Use

  Use

  Valuation

  Residential

  $159,339

  Hospitality

  $145,954

  Educational

  $121,432

  Medical

  $125,608

  Retail

  $188,894

Location Insight

City

Newtown

County

Bucks

State

Pennsylvania

Latitude

40.234

Longitude

-74.9372

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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