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Property profile & analytics
OFF-MARKET Estimated value $670,000
High-rise multifamily apartments

103 State St Newtown, PA 18940-2036

6,290 SF 0.28 ac lot Built 1837
Entity Owned 16-yr Hold ~ Est. High Equity
Property ID
US73-5912233
Property summary
AI-generated overview

This stunning, fully renovated (2024) historic storefront (1795) offers 2,200 square feet of prime retail space in Newtown Borough's vibrant Town Center (TC) zoning district. Located at 103 S. State Street, this free-standing, mixed-use property boasts large street-facing windows, prominent signage opportunities, and ample street parking. The 3,862 square foot building sits on a 0.08-acre lot and is ideally situated near key intersections, surrounded by established retailers like Starbucks, Athleta, and Bluemercury. Its location within the thriving Newtown Borough offers easy access to a diverse range of shopping, dining, and cultural attractions. The property benefits from excellent regional connectivity, being a short drive from Princeton and Philadelphia, and within a reasonable distance of New York City. The nearby Steeple View project, a significant redevelopment featuring luxury apartments and public amenities, further enhances the property's desirability and potential for growth. This exceptional property presents a unique opportunity to establish a business in a highly sought-after location, blending historic charm with modern convenience. The property's APN is 28-002-041, and it is located in Bucks County, Pennsylvania, zip code 18940.

Property profile
Verified
Property type High-rise multifamily apartments
Use group HIGH-RISE APARTMENTS
Year built 1837
Total area 6,290 SF
Lot 0.28 ac (12,284 SF)
Zoning code VC
APN 28-002-067
UPID US73-5912233
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$670k
Owner & transaction history
103 North State LLC · 16 yrs held
103 North State LLC
since 2009
2 recorded transactions
2009
$899,000
2005
$795,000
Zoning & alternative use
VC · Newtown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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