Mixed-Use Property with Retail
For Sale
$650,000
Pending
1093 DURHAM ROAD, Newtown, PA 18940
Three occupied residential units accompany a detached space adapted for retail use.
Property Size2,572 SF
Days on Market49
Property Features for 1093 DURHAM ROAD
General Information
Standard status
Pending
Size
2,572 SF
Property subtype
Commercial
Property Condition
Severity
Repairs Needed
Evidence
require TLC and updating
Building Details
Year Built
1900
Buildings
2
Listing Agency:
Cambridge Select Realty
(215) 703-6600
Listed By:
Shawn Warner
(215) 514-7047
Source:
Cummingsrealtors
Added: Sep 16
Changed: Nov 1
Last Checked: Nov 3 at 6:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cambridge Select Realty
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Investment Insights
Based on property information with market context.
Located at 1093 Durham Road in Newtown, Pennsylvania, this mixed-use property combines a three-unit residential building with a detached barn converted for retail use. The residential layout includes a one-bedroom, one-bathroom unit; a three-bedroom, one-bathroom unit with a walk-up attic; and a studio-style unit with one bedroom, one-half bathroom, and a separate shower area.
All three residential units are occupied under month-to-month arrangements. The property is currently used as a nonconforming residential use, and the detached retail space provides a separate commercial component. Built in 1900, the property requires updating and TLC while retaining its existing character. Buyers should independently review zoning, permitted uses, physical condition, leases, and future use considerations.
All three residential units are occupied under month-to-month arrangements. The property is currently used as a nonconforming residential use, and the detached retail space provides a separate commercial component. Built in 1900, the property requires updating and TLC while retaining its existing character. Buyers should independently review zoning, permitted uses, physical condition, leases, and future use considerations.
Key Highlights
- Three‑unit residential building with one‑bedroom, three‑bedroom, and studio‑style layouts
- Detached barn converted into retail space
- All three residential units are currently occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,323
Cap Rate
5.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$746,460
$746.5K
Cap Rate 7%
$533,186
$533.2K
Cap Rate 9%
$414,700
$414.7K
Market Conditions
NOI Build-Up for 2,572 SF
Gross rent
$56.5K $21.96/SF
− Vacancy
−$3.2K −$1.23/SF
EGI
$53.3K $20.73/SF
− OpEx
−$16.0K −$6.22/SF
NOI
$37.3K $14.51/SF
Area
Bucks County, PA
Vacancy
5.60%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$746,460
Cap Rate 7%
$533,186
Cap Rate 9%
$414,700
Alternative Uses
Best Use
Retail
$533.2K
$466.5K – $622.1K
NOI $37,323 @ 7.0% cap · market cap 5.74%
Second Best
Apartment 5plus
$454.9K
$398.1K – $530.8K
NOI $31,845 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$779.8K
$682.3K – $909.8K
NOI $54,586 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
39
Businesses Nearby
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Business Placement
Demographics for 18940, PA
30,280
Population
11,763
Households
2.6
Avg Household Size
47
Median Age
67%
College-Educated
97%
High-School Grad
34.6 sq mi
ZIP Area
875
Density / Sq Mi
$157,591
Median Household Income
$85,895
Median Earnings
$2,227
Median Rent
$623,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three occupied residential units accompany a detached space adapted for retail use.
Where is this mixed-use property located?
The property is located at 1093 DURHAM ROAD Newtown, PA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Three‑unit residential building with one‑bedroom, three‑bedroom, and studio‑style layouts; Detached barn converted into retail space; All three residential units are currently occupied
