Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5788 Route 202 New Hope, PA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    4232 SF restaurant space for sale in New Hope.

    Type:RETAIL
    Property size:
    4,232 SF
    Lot size:
    0.66 Acres
    Added:
    Mar 25, 2025
    Days on Market:
    403
    Last Refresh:
    Apr 5 at 11:06 pm

    Property Features for 5788 Route 202

    General Information

    Standard status
    Active
    Size
    4,232 SF
    Lot size
    0.66 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Frank Lombardo
    Frank Lombardo

    Listing agent Frank Lombardo

    Listing office Greenstreet Commercial Real Estate

    Listing date Mar 25, 2025

    Source Moodyscre

    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 Greenstreet Commercial Real Estate

    Overview

    Restaurant Opportunity in New Hope

    This property offers 4232 square feet of space suitable for a restaurant. Located in New Hope, PA, the property is currently configured for restaurant use.
    Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Hope
    County
    Bucks
    State
    Pennsylvania
    Longitude
    -74.9755
    Latitude
    40.3595

    Nearby Similar for Sale

    • $450,000
      943 SF

      New Hope Commercial Condo

      Commercial condo in bustling New Hope, PA. Flexible uses.
      362 W BRIDGE STREET, NEW HOPE, PA 18938
      View Details
    • $3,250

      Second Floor Office Space Available

      Open office space with natural light in historic New Hope.
      30 W BRIDGE STREET, NEW HOPE, PA 18938
      View Details
    • $3,500

      Historic Boathouse in Downtown

      Updated boathouse in downtown New Hope suitable for commercial uses.
      30 W BRIDGE STREET, NEW HOPE, PA 18938
      View Details
    • $2,550

      Office Suite Near New Hope

      Ground-floor office suite in antique stone building with water views.
      6319 LOWER YORK ROAD, NEW HOPE, PA 18938
      View Details
    • $2,500

      Downtown New Hope Commercial Space

      Street-level commercial space in the heart of downtown New Hope.
      30 W BRIDGE STREET, NEW HOPE, PA 18938
      View Details
    • $650

      Downtown New Hope Office Space

      Single-room office in historic New Hope, canal-front building.
      30 W BRIDGE STREET, NEW HOPE, PA 18938
      View Details
    • $925,000

      Historic Commercial Space in New Hope

      Prime retail or gallery space in vibrant New Hope.
      17 W Mechanic St #1&2, NEW HOPE, PA 18938
      View Details
    • $995,000
      2,004 SF

      New Hope Restaurant on Restaurant Row

      New restaurant in historic building with outdoor seating and water views.
      20 W MECHANIC STREET 9, NEW HOPE, PA 18938
      View Details
    • $4,490,000
      13,842 SF

      New Hope Church and Parsonage

      Church property with parsonage, classrooms, kitchen, playground, and ample parking.
      2536 Aquetong Rd, NEW HOPE, PA 18938
      View Details
    • $1,475,000
      5,502 SF

      Mixed-Use Property on 1.28 Acres

      Two-tenant property with commercial and residential units on 1.28 acres.
      419 York Rd, NEW HOPE, PA 18938
      View Details
    • $1,100,000
      1,750 SF

      Renovated Duplex with Auto Shop

      Duplex with renovated unit and auto shop near New Hope.
      3757 Windy Bush Rd, NEW HOPE, PA 18938
      View Details
    • $3,455,000

      Mixed-Use Asset in Prime Location

      Income-producing property in New Hope with diversified revenue streams.
      2-8 W Bridge St, NEW HOPE, PA 18938
      View Details

    FAQs

    What type of property is this?
    Restaurant - 4232 SF restaurant space for sale in New Hope.
    Where is this restaurant located?
    The property is located at 5788 Route 202 New Hope, PA.
    What are key features of this property?
    This property features: Restaurant; 4232 SF
    (215) 383-0117 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Frank Lombardo
    Frank Lombardo
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!