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Property profile & analytics
OFF-MARKET Estimated value $540,000
Office Spaces

28 State St Newtown, PA 18940-2045

3,613 SF Built 2001
Individually Owned 21-yr Hold ~ Est. High Equity
Property ID
US73-1060831
Property summary
AI-generated overview

This exceptional investment opportunity presents a 3,613 square foot office space ideally located in the heart of Newtown Borough, Pennsylvania, directly below the District Court offices. Currently configured as a fully operational fitness center, this daylight walkout space offers significant potential for a variety of professional uses. The property boasts ample off-street parking in a rear lot, providing convenient access for clients and employees. A key advantage of this investment is the existing tenant, the seller, who will remain in occupancy. This ensures a consistent rental income stream, covering rent, insurance, property taxes, utilities, and HOA fees. The property's prime location and existing improvements make it an attractive proposition for investors seeking a stable, high-return asset in a thriving community. The strong tenant occupancy minimizes vacancy risk and provides immediate cash flow. This is a rare opportunity to acquire a well-maintained, income-producing property in a highly sought-after location. The existing fitness center layout offers a turnkey solution for a similar business or provides a flexible foundation for a variety of other professional uses. The ample parking further enhances the property's appeal and functionality. This investment offers a compelling blend of location, income, and potential for future appreciation.

Property profile
Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 2001
Total area 3,613 SF
Zoning code VC
APN 28-002-014-001
UPID US73-1060831
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$673k
Blend (final) Blend
$540k
Owner & transaction history
28 N State Street · 21 yrs held
28 N State Street
since 2004
2 recorded transactions
2004
$230,000
1969
Price N/A
Zoning & alternative use
VC · Newtown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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