Retail Space - For Sale
103 South State Street Newtown, PA 18940
Details & Description
Price: $1,495,000
  • Property Type Retail for Sale : Other Retail
  • Lot Size Acres 0.100
  • Building Sq Ft 3,862
  • Building Price per Sq Ft $387.11
  • Land Sq Ft 4,356
  • Land Price per Sq Ft $343.20
SVN Ahia Commercial Real Estate is pleased to present a truly exceptional retail investment opportunity in the Heart of Historic Newtown Boro, Bucks County, Pennsylvania. The property offers a stately presentation in an uncompromising environment comprised of historic significance and modern relevance. Originally built circa 1795 and expanded over time, this free-standing mixed-use property features over 2,800 square feet of prime retail space on the main level (presently home to a well-established florist, est. 1960) and a 3-4 bedroom apartment above, offering Tenants access to an incomparable downtown living experience.The Historic Torbert House is positioned adjacent to two National Credit Tenants (Starbucks and GapBody) and proximate to the iconic Steepleview project - a $100MM redevelopment project which is underway in the Borough of Newtown (Phase 1 is complete). Once completed, the project will be the largest in the Borough's history. It is slated to include 110 Luxury Condominiums, a 5-story parking garage, town square, and more. Two additional National Credit Tenants have committed to the project (Banana Republic & Francesca's).The site is situated in the Newtown Borough 'Town Center' (TC) zoning district, which allows for a variety of uses by right. The demographics and foot traffic for a successful retail business are in place. This offering represents a unique and truly extraordinary opportunity to establish a business in the center of Newtown Borough retail renaissance.HighlightsHistoric Torbert House - Occupied for many years by Job Hollinshead, a clock and watch maker, who conducted his business at this siteEst. circa 1795Mixed-use investment opportunityStrategic town centre locationHeavy vehicular and pedestrian traffic2,800 square feet of retail space3 - 4 bedroom apartmentNear signalized intersectionLarge street-front display windowsAdjacent to two National Credit Tenants (Starbucks & GapBody)Newtown Borough Town Center (TC) Zoning - many allowable uses by rightAcross from a major redevelopment site delivering 110 Luxury Condominiums, national retailers and a five-story parking garage toNewtown Borough
Listing Agents
Chichi Ahia
SVN Ahia Commercial Real Esta
O: 215757250022
M: 267-981-9110
chichi.ahia@svn.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

103 South State Street

Newtown, PA 18940

Listing ID: 207437
$1,495,000
For Sale
  • Property Type Retail for Sale : Other Retail
  • Lot Size Acres 0.100
  • Building Sq Ft 3,862
  • Building Price per Sq Ft $387.11
  • Land Sq Ft 4,356
  • Land Price per Sq Ft $343.20
  • 103 South State Street Newtown, PA 18940 | for Sale | Photo 1
  • 103 South State Street Newtown, PA 18940 | for Sale | Photo 2
  • 103 South State Street Newtown, PA 18940 | for Sale | Photo 3
103 South State Street | for Sale | Thumbnail 1
103 South State Street | for Sale | Thumbnail 2
103 South State Street | for Sale | Thumbnail 3
Description

SVN Ahia Commercial Real Estate is pleased to present a truly exceptional retail investment opportunity in the Heart of Historic Newtown Boro, Bucks County, Pennsylvania. The property offers a stately presentation in an uncompromising environment comprised of historic significance and modern relevance. Originally built circa 1795 and expanded over time, this free-standing mixed-use property features over 2,800 square feet of prime retail space on the main level (presently home to a well-established florist, est. 1960) and a 3-4 bedroom apartment above, offering Tenants access to an incomparable downtown living experience.

The Historic Torbert House is positioned adjacent to two National Credit Tenants (Starbucks and GapBody) and proximate to the iconic Steepleview project - a $100MM redevelopment project which is underway in the Borough of Newtown (Phase 1 is complete). Once completed, the project will be the largest in the Borough's history. It is slated to include 110 Luxury Condominiums, a 5-story parking garage, town square, and more. Two additional National Credit Tenants have committed to the project (Banana Republic & Francesca's).

The site is situated in the Newtown Borough 'Town Center' (TC) zoning district, which allows for a variety of uses by right. The demographics and foot traffic for a successful retail business are in place. This offering represents a unique and truly extraordinary opportunity to establish a business in the center of Newtown Borough retail renaissance.

Highlights

Historic Torbert House - Occupied for many years by Job Hollinshead, a clock and watch maker, who conducted his business at this site

Est. circa 1795

Mixed-use investment opportunity

Strategic town centre location

Heavy vehicular and pedestrian traffic

2,800 square feet of retail space

3 - 4 bedroom apartment

Near signalized intersection

Large street-front display windows

Adjacent to two National Credit Tenants (Starbucks & GapBody)

Newtown Borough Town Center (TC) Zoning - many allowable uses by right

Across from a major redevelopment site delivering 110 Luxury Condominiums, national retailers and a five-story parking garage to

Newtown Borough

Attachments & Files

Listing Demographics for 103 South State Street Newtown, PA 18940

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population6,47246,183113,690
Population Median Age444343
Population by Age0-9 Yrs682 (10%)4580 (9%)11391 (10%)
10-19 Yrs619 (9%)5508 (11%)14209 (12%)
20-29 Yrs538 (8%)4181 (9%)11207 (9%)
30-39 Yrs840 (12%)5358 (11%)12647 (11%)
40-49 Yrs729 (11%)5470 (11%)13212 (11%)
50-59 Yrs1209 (18%)7950 (17%)19073 (16%)
60-69 Yrs968 (14%)7291 (15%)16746 (14%)
70+ Yrs888 (13%)5844 (12%)15205 (13%)
Median HH Income$110,712$119,926$118,896
Total Household Income< 24K303 (10%)1432 (7%)3343 (7%)
25-49K323 (11%)1916 (10%)4667 (10%)
50-74K402 (14%)2317 (12%)5092 (11%)
75-99K274 (9%)2043 (11%)4875 (11%)
100-199K869 (30%)6195 (33%)14541 (34%)
200K+670 (23%)4349 (23%)10041 (23%)
Highest Education LevelNo Diploma1087542803
Diploma or GED762528715011
Some College558392411197
Assoc. Degree34524136336
Bachelors Degree16491155325266
Higher Degree1421980321090
Total Housing Units2,96418,95944,113
--Owner-Occupied2,13815,21636,071
--Renter-Occupied7033,0366,488
Owner-Occupied Values< 100K21140586
100-199K967951432
200-299K37125365996
300-399K41332939347
400-499K53336988221
500K+703475510489
Total Working Age Population5,45338,24793,789
In Work Force3,74025,95262,158
Not In Work Force1,71312,29531,631
Workforce Employed3,61724,97959,860
Workforce Unemployed1239622,270
Civlian Workforce3,74025,94162,130
Military Workforce01127
Total Households2,84018,25242,559
Family Households1,75912,87431,650
Non-Family Households1,0815,37810,909
Married Couple1,54311,32227,441
Other Family2161,5524,209
Married w/Child6374,43910,498
Single Male w/Child14151517
Single Female w/Child775441,284

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
New Jersey8,414,350+48,791,894+49,132,700+49,530,900
Burlington County423,394+6448,7340450,000+3464,900
Mercer County350,761+4366,513+3379,000+5397,400
Pennsylvania12,281,054+312,702,379+413,230,170+413,759,594
Bucks County597,635+5625,249+1629,420+1637,730
Montgomery County750,097+7799,874+5838,883+6891,868

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Location & Map Views
Closest Commercial Airports
Airport Distance (mi)
Philadelphia International Airport (PHL) 29
Newark Liberty International Airport (EWR) 52
John F Kennedy International Airport (JFK) 67
Listing Agent
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