16 S State St
NEWTOWN, PA 18940

$1,280,000

Description

Side by side twin building with 4600 total sq.ft. Upgraded and fully improved Historic building in the heart of Historic Newtown's prime business district. Lots of historic character and charm. Considered the best location in the business district with the highest traffic & visibility situated between the 2 main walkways that service the municipal parking lot. Many, many upgrades including 50 yr. synthetic slate roof, EP Henry sidewalk, 4 HVAC units (each floor of the building has its own HVAC system and thermostat, high efficiency windows, remodeled powder rooms., re-pointed chimneys and stone, etc. Leases expire at different times and user can occupy space in a short period of time if purchasing as user/investor. Varied mix of retail, office and commercial tenants. Building is completely wired for both FIOS and Comcast internet. Best retail/commercial/office location in the premier block of the business district and building commands the highest rental values. Purchaser to be sufficiently capitalized and qualified to purchase. This property is advisable for the user/investor combination where the purchaser can have their business and and have an investment all in one package with additional rental income to support almost the entire mortgage depending on the square footage occupied. Most tenants have occupied the buildings for multiple years.

Details

MLS#1003286910
StyleIndustrial
Sub-TypeResale
StatusActive
Year1830
Days On Site189

Features

SQ Feet4,600
Story(s)0
Units6
ZoningVC

Market Activity 18940

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Area Information

StatePA
CityNEWTOWN
Zip Code18940
AreaNewtown Boro (10128)
Listing VS Median (in 18940)
Price:
$1,280,000
low | high
Med:
$852,500
83.3984375% of Average
SqFt:
4,600
low | high
Med:
3,715
69.25% of Average
$ / SqFt:
$278
low | high
Med:
$250
60.201873540935% of Average
On Site:
189
low | high
Med:
183.5
100% of Average
Listing Updated: 03/17/2019
MLS Number: 1003286910
Listing Provided By:
Michael E Riccardi  of  M Riccardi Agency Inc

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