Office Building with Private
New
For Sale
$1,199,000
Pending
255 S State Street, Newtown, PA 18940
VC-zoned space is configured for professional offices and includes a shared conference room and kitchen.
Property Size3,989 SF
Days on Market2
Property Features for 255 S State Street
General Information
Standard status
Pending
Size
3,989 SF
Zoning
VC
Additional Details
Tenant in Place
Yes
Property Use
Professional Office
Taxes and HOA fees
Annual Taxes
$13,084
Amenities
common conference area
kitchen
Electric
Yes
Natural Gas
Public
1010
92.00 x
0.00
No
Assessor
Driveway
5
3989.00
9350.00
Building Details
Building Size
3,989 SF
Year Built
1875
Tenancy
Single
Listing Agency:
Legacy Realty Properties, LLC
(215) 669-7720
Listed By:
Jane Colletti · License #AB068833
(215) 579-1490
Source:
Moveritenow
Added: Nov 5
Changed: Nov 6
Last Checked: Nov 6 at 1:39AM
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 Legacy Realty Properties, LLC
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Investment Insights
Based on property information with market context.
The 3,989-square-foot office building is arranged with 10 private offices, a common conference area, and a kitchen. The property is zoned VC for professional office use and meets fire code requirements. It was built in 1875 and is currently occupied as a residential home.
Positioned on S State Street in Newtown Borough, the building is within walking distance of the town center. The site also has a driveway and five parking spaces.
Positioned on S State Street in Newtown Borough, the building is within walking distance of the town center. The site also has a driveway and five parking spaces.
Key Highlights
- 10 private offices with shared conference and kitchen areas
- 3,989 square feet; built in 1875
- VC zoning supports professional office use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,714
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,254,280
$1.3M
Cap Rate 7%
$895,914
$895.9K
Cap Rate 9%
$696,822
$696.8K
Market Conditions
NOI Build-Up for 3,989 SF
Gross rent
$103.9K $26.04/SF
− Vacancy
−$20.3K −$5.08/SF
EGI
$83.6K $20.96/SF
− OpEx
−$20.9K −$5.24/SF
NOI
$62.7K $15.72/SF
Area
Bucks County, PA
Vacancy
19.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,254,280
Cap Rate 7%
$895,914
Cap Rate 9%
$696,822
Alternative Uses
Best Use
Office B
$895.9K
$783.9K – $1.05M
NOI $62,714 @ 7.0% cap · market cap 5.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,660 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,314
Businesses Nearby
Explore this area
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 Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - VC-zoned space is configured for professional offices and includes a shared conference room and kitchen.
Where is this office building located?
The property is located at 255 S State Street Newtown, PA.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: 10 private offices with shared conference and kitchen areas; 3,989 square feet; built in 1875; VC zoning supports professional office use
