4-Unit Mixed-Use Brick
New
For Sale
$825,000
40 W Court St W, Newtown, PA 18940
All four units are leased on short-term agreements, offering flexibility for a future owner.
Property Size2,720 SF
Price / SF$303.31
Days on Market4
Property Features for 40 W Court St W
General Information
Standard status
Active
Size
2,720 SF
Property subtype
Commercial
Occupancy
100%
Additional Details
Utilities to Site
Yes
Office Units
4
Building Details
Year Built
1882
Buildings
1
Stories
2
Construction
brick
Tenancy
Multi
Owner Occupied
No
Abandoned
No
Listing Agency:
RE/MAX Centre Realtors
Listed By:
Raymond Malgieri · License #RS195845L
(215) 300-5900
Source:
Baltimoreharfordhomesforsale
Added: Oct 17
Changed: Oct 19
Last Checked: Oct 19 at 6:08AM
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 RE/MAX Centre Realtors
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Investment Insights
Based on property information with market context.
Built in 1882, this two-story brick property contains 2,720 square feet across four commercial units. The first floor includes a hair salon and retail storefront, while the second floor has two office suites with high ceilings. The building has four bathrooms, four electric meters, gas heat, and central air. The units are currently leased on short-term agreements and can be combined. Recent work includes electrical and plumbing updates, two newer roofs, rebuilt portico supports, concrete steps, and brick repointing.
The property is in Newtown Borough’s Historic District, across from the Half-Moon Inn and two buildings from Starbucks. Its location is surrounded by shops and other downtown conveniences.
The property is in Newtown Borough’s Historic District, across from the Half-Moon Inn and two buildings from Starbucks. Its location is surrounded by shops and other downtown conveniences.
Key Highlights
- Four commercial units in a two‑story brick building
- 2,720 square feet; built in 1882
- First floor includes a hair salon and retail storefront; second floor has two office suites
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,763
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$855,260
$855.3K
Cap Rate 7%
$610,900
$610.9K
Cap Rate 9%
$475,144
$475.1K
Market Conditions
NOI Build-Up for 2,720 SF
Gross rent
$70.8K $26.04/SF
− Vacancy
−$13.8K −$5.08/SF
EGI
$57.0K $20.96/SF
− OpEx
−$14.3K −$5.24/SF
NOI
$42.8K $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%
$855,260
Cap Rate 7%
$610,900
Cap Rate 9%
$475,144
Alternative Uses
Best Use
Office B
$610.9K
$534.5K – $712.7K
NOI $42,763 @ 7.0% cap · market cap 5.18%
Second Best
Retail
$563.9K
$493.4K – $657.8K
NOI $39,470 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$824.7K
$721.6K – $962.1K
NOI $57,727 @ 7.0% cap · market cap 7.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Office units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,509
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - All four units are leased on short-term agreements, offering flexibility for a future owner.
Where is this mixed-use property located?
The property is located at 40 W Court St W Newtown, PA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Four commercial units in a two‑story brick building; 2,720 square feet; built in 1882; First floor includes a hair salon and retail storefront; second floor has two office suites
