New Hope Restaurant on Restaurant
20 W MECHANIC STREET 9 New Hope, PA 18938
For Sale
$950,000
New restaurant in historic building with outdoor seating and water views.
Property Size2,004 SF
Price / SF$474.05
Days on Market699
Property Features for 20 W MECHANIC STREET 9
General Information
Standard status
Active
Size
2,004 SF
Property subtype
Commercial/Industrial
Building Details
Year Built
2023
Listing Agency:
SERHANT PENNSYLVANIA LLC
(215) 740-8140
Listed By:
Maureen Reynolds · License #RS45687
(215) 740-8140
Source:
Exitrealty
Added: Aug 29, 2024
Changed: Jul 10
Last Checked: Jul 27 at 5:47AM
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 SERHANT PENNSYLVANIA LLC
Investment Insights
Based on property information with market context.
This is a newly constructed, modern restaurant situated on Restaurant Row in New Hope. The property, located in a converted historic building, provides 2,004 square feet of total space, complete with outdoor seating and water views. It is part of The Falls at New Hope, a development featuring restaurant and commercial spaces designed by architect Ralph C. Fey. The property is surrounded by landscaping and views of the Aquetong Creek and the Canal Path. Located in historic Bucks County, downtown New Hope offers dining and shopping experiences. The provided interior and exterior images are renderings.
Key Highlights
- Prime location on Restaurant Row in New Hope.
- Newly constructed, modern restaurant space.
- Part of the prestigious Falls at New Hope development.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.0k | $21.96 |
| − Vacancy | −$2.5k | −$1.23 |
| EGI | $41.5k | $20.73 |
| − OpEx | −$10.4k | −$5.18 |
| NOI | $31.2k | $15.55 |
2,004 SF · lease $21.96/SF/yr · vacancy 5.60% · expense 25.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Conventional restaurant - New restaurant in historic building with outdoor seating and water views.
Where is this conventional restaurant located?
The property is located at 20 W MECHANIC STREET 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: Prime location on Restaurant Row in New Hope.; Newly constructed, modern restaurant space.; Part of the prestigious Falls at New Hope development.
