Mixed-Use Property with Three Retail
83 83-85 S Main St New Hope, PA 18938
New
83 83-85 S Main St, New Hope, PA, 18938
$1,460,000
For Sale
$1,460,000
Mixed-use building offering three retail spaces plus two newly renovated studio apartments, each including parking spots.
Property Size3,453 SF
Price / SF$422.82
Days on Market2
Property Features for 83 83-85 S Main St
General Information
- Standard status
- Active
- Size
- 3,453 SF
Building Details
- Year Built
- 1939
Listing agency
Compass Pennsylvania, LLC
(845) 492-1315
Listed by
Revi M Haviv · License #RS355167
Source
Kandorre
Added: Jul 21 Updated: Jul 22 at 6:53AM Checked: Jul 22 at 6:53AM
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 Compass Pennsylvania, LLC
Investment Insights
Based on property information with market context.
83-85 S Main St is a multi-unit mixed-use property featuring three retail spaces and two newly renovated studio apartments. The configuration supports a combined income stream with retail units alongside renovated residential studio apartments, and the apartments include parking spots.
The property is positioned in the heart of New Hope’s downtown commercial district, with frontage along S Main St. With approximately 3,453 square feet total, the building offers a straightforward, retail-and-residential setup in an established downtown environment.
For buyers looking for an income-producing mix of storefront space and renovated studio units, this offering provides immediate, in-place tenancy opportunity within a central downtown setting.
The property is positioned in the heart of New Hope’s downtown commercial district, with frontage along S Main St. With approximately 3,453 square feet total, the building offers a straightforward, retail-and-residential setup in an established downtown environment.
For buyers looking for an income-producing mix of storefront space and renovated studio units, this offering provides immediate, in-place tenancy opportunity within a central downtown setting.
Key Highlights
- Mixed‑use building built in 1939 featuring three retail spaces and two studio apartments
- Two newly renovated studio apartments, each inclusive of parking spots
- Total of five units: 3 retail spaces plus 2 studio apartments
Local Financial Insights For 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 | $75.8k | $21.96 |
| − Vacancy | −$4.2k | −$1.23 |
| EGI | $71.6k | $20.73 |
| − OpEx | −$21.5k | −$6.22 |
| NOI | $50.1k | $14.51 |
3,453 SF · lease $21.96/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$715.8K
$626.3K – $835.1K
NOI $50,107 @ 7.0% cap · market cap 3.43%
Second Best
Apartment 5plus
$610.8K
$534.4K – $712.6K
NOI $42,753 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$1.05M
$916.1K – $1.22M
NOI $73,284 @ 7.0% cap · market cap 5.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Psychic Readings by ...
Spiritual Center
Similar For Sale Nearby
Similar Off Market Nearby
- Lambertville Fine Food & Flowers — 76 Bridge St, Lambertville, NJ 08530
FAQs
What type of property is this?
Storefront property - Mixed-use building offering three retail spaces plus two newly renovated studio apartments, each including parking spots.
Where is this storefront property located?
The property is located at 83 83-85 S Main St New Hope, PA.
What is the asking price?
The asking price for this property is $1,460,000.
What are key features of this property?
This property features: Mixed‑use building built in 1939 featuring three retail spaces and two studio apartments; Two newly renovated studio apartments, each inclusive of parking spots; Total of five units: 3 retail spaces plus 2 studio apartments
