Modern Restaurant with Water
For Sale
$950,000
Pending
20 W MECHANIC ST #9 9, New Hope, PA 18938
Restaurant space with outdoor seating in The Falls at New Hope, near dining, shopping, and the Canal Path.
Property Size2,004 SF
Days on Market89
Property Features for 20 W MECHANIC ST #9 9
General Information
Standard status
Pending
Size
2,004 SF
Additional Details
Patio
Yes
Listing Agency:
SERHANT PENNSYLVANIA LLC
(610) 635-9977
Listed By:
Maureen Reynolds · License #RS345687
(215) 740-8140
Source:
Sandrasellstheshore
Added: Jul 20
Changed: Oct 7
Last Checked: Oct 14 at 11:02PM
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 SERHANT PENNSYLVANIA LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This newly constructed restaurant occupies 2,004 square feet within a converted historic building at The Falls at New Hope. The space includes outdoor seating and views toward Aquetong Creek, with landscaping incorporated throughout the surrounding development. Interior and exterior images are renderings rather than photographs of the completed space.
The property is located at 20 W Mechanic St #9 in New Hope, within a destination-oriented setting that combines restaurant and commercial uses. Downtown New Hope provides access to established dining and shopping activity, while the nearby Canal Path and creek contribute scenic context. The development’s restaurant and commercial spaces were designed by architect Ralph C. Fey.
The property is located at 20 W Mechanic St #9 in New Hope, within a destination-oriented setting that combines restaurant and commercial uses. Downtown New Hope provides access to established dining and shopping activity, while the nearby Canal Path and creek contribute scenic context. The development’s restaurant and commercial spaces were designed by architect Ralph C. Fey.
Key Highlights
- 2,004‑square‑foot restaurant in a converted historic building
- Outdoor seating included
- Views of Aquetong Creek and the Canal Path
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,158
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$623,160
$623.2K
Cap Rate 7%
$445,114
$445.1K
Cap Rate 9%
$346,200
$346.2K
Market Conditions
NOI Build-Up for 2,004 SF
Gross rent
$44.0K $21.96/SF
− Vacancy
−$2.5K −$1.23/SF
EGI
$41.5K $20.73/SF
− OpEx
−$10.4K −$5.18/SF
NOI
$31.2K $15.55/SF
Area
Bucks County, PA
Vacancy
5.60%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$623,160
Cap Rate 7%
$445,114
Cap Rate 9%
$346,200
Alternative Uses
Best Use
Specialty Retail
$445.1K
$389.5K – $519.3K
NOI $31,158 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$607.6K
$531.6K – $708.9K
NOI $42,531 @ 7.0% cap · market cap 4.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
77
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 18938, PA
14,301
Population
6,369
Households
2.2
Avg Household Size
54
Median Age
67%
College-Educated
97%
High-School Grad
40.9 sq mi
ZIP Area
350
Density / Sq Mi
$161,146
Median Household Income
$93,397
Median Earnings
$2,005
Median Rent
$701,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant space with outdoor seating in The Falls at New Hope, near dining, shopping, and the Canal Path.
Where is this conventional restaurant located?
The property is located at 20 W MECHANIC ST #9 9 New Hope, PA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 2,004‑square‑foot restaurant in a converted historic building; Outdoor seating included; Views of Aquetong Creek and the Canal Path
