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Property profile

223 Sycamore St Newtown, PA 18940

OFF-MARKET
Office buildings
Property ID
US73-4925026
View Sample
842 SF 0.56 ac lot Built 1760
Entity Owned 24-yr Hold ~ Est. High Equity

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING (MULTI-STORY)
Year built 1760
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 842 SF
Lot 0.56 ac (24,394 SF)
Zoning code R1
APN 29-012-020
UPID US73-4925026

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$350k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2002
4 recorded transactions
2002
Price N/A
2001
$136,380
1999
$235,000
1969
Price N/A

Zoning & alternative use

R1 · Newtown, PA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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