Two-Story Office
For Sale
Contact for pricing
662 Penn Street, Newtown, PA 18940
Class A office property with a finished lower level and medical office use permitted by right.
Property Size88,746 SF
Lot Size7.10 Acres
Price / SF$202.26
Days on Market131
Property Features for 662 Penn Street
General Information
Standard status
Active
Size
88,746 SF
Class
A
Total Parking Spaces
366
Lot size
7.10 Acres
Property subtype
Office
Zoning
Light Industrial
Investment Type
Institutional
Building Details
Year Built
2004
Buildings
1
Stories
2
Units
366
Building Size
88,746 SF
Listing Agency:
Bracket Real Estate
Listed By:
Brandon Colombo · License #738514
Source:
Crexi
Added: Jun 9
Changed: Oct 4
Last Checked: Oct 16 at 7:22AM
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 Bracket Real Estate
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Investment Insights
Based on property information with market context.
Constructed in 2004, this Class A office property contains 88,746 square feet across two stories and a finished lower level. The building sits on a 7.1-acre site and provides 366 parking spaces, including 54 covered spaces.
Located at 662 Penn Street in Newtown, Pennsylvania, the property is zoned LI (light industrial). Medical office use is allowed by right under the current zoning designation.
Located at 662 Penn Street in Newtown, Pennsylvania, the property is zoned LI (light industrial). Medical office use is allowed by right under the current zoning designation.
Key Highlights
- 88,746 square feet in a two‑story office building with a finished lower level
- Situated on a 7.1‑acre site at 662 Penn Street, Newtown, Pennsylvania
- 366 on‑site parking spaces, including 54 covered spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,395,234
Cap Rate
7.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$27,904,680
$27.9M
Cap Rate 7%
$19,931,914
$19.9M
Cap Rate 9%
$15,502,600
$15.5M
Market Conditions
NOI Build-Up for 88,746 SF
Gross rent
$2.31M $26.04/SF
− Vacancy
−$450.6K −$5.08/SF
EGI
$1.86M $20.96/SF
− OpEx
−$465.1K −$5.24/SF
NOI
$1.40M $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%
$27,904,680
Cap Rate 7%
$19,931,914
Cap Rate 9%
$15,502,600
Alternative Uses
Best Use
Office B
$19.93M
$17.44M – $23.25M
NOI $1,395,234 @ 7.0% cap · market cap 7.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$26.91M
$23.54M – $31.39M
NOI $1,883,483 @ 7.0% cap · market cap 10.49%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,213
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 - Class A office property with a finished lower level and medical office use permitted by right.
Where is this office building located?
The property is located at 662 Penn Street Newtown, PA.
What is the asking price?
The asking price for this property is $17,950,000.
What are key features of this property?
This property features: 88,746 square feet in a two‑story office building with a finished lower level; Situated on a 7.1‑acre site at 662 Penn Street, Newtown, Pennsylvania; 366 on‑site parking spaces, including 54 covered spaces
