250 State St Newtown, PA 18940

This exceptional property, located at 250 S State Street in Newtown, Pennsylvania (zip code 18940), presents a unique investment opportunity encompassing both retail and land components. The 0.29-acre lot currently features a five-unit apartment building, ideally suited for a mixed-use development. A recent major renovation (2017) upgraded the building's utilities, finishes, and common areas, including new lighting, carpeting, tiling, and paint throughout. Four of the five one-bedroom apartments boast new kitchens, bathrooms, HVAC systems, and hot water units. Hardwood floors have been refinished in all units. The lower level has been redesigned to include storage, laundry facilities, new furnaces, electrical panels, and hot water heaters. The property's VC zoning allows for potential commercial/retail use on the first floor, complementing the existing residential units. The building is situated in the heart of Newtown Borough, a desirable community minutes from major highways, train lines, and numerous amenities, including shops, restaurants, and historical sites. Its location on the I-95 corridor provides easy access to both New York City and Philadelphia. An additional detached barn is included in the sale, as-is. The asking price for this property is $1,275,000.