28 State St Newtown, PA 18940
Property profile & analytics
28 State St Newtown, PA 18940
- Office properties & Spaces
- 3,613 SF
Property ID
US73-1060831
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Office properties & Spaces
Property Details for 28 State St
- Year built
- 2001
- Property size
- 3,613 SF
- Zone code
- VC
- Property type
- Office properties & Spaces
- APN
- 28-002-014-001
- APU
- 28002014001
Description
This exceptional investment opportunity presents a 3,613 square foot office space ideally located in the heart of Newtown Borough, Pennsylvania, directly below the District Court offices. Currently configured as a fully operational fitness center, this daylight walkout space offers significant potential for a variety of professional uses. The property boasts ample off-street parking in a rear lot, providing convenient access for clients and employees. A key advantage of this investment is the existing tenant, the seller, who will remain in occupancy. This ensures a consistent rental income stream, covering rent, insurance, property taxes, utilities, and HOA fees. The property's prime location and existing improvements make it an attractive proposition for investors seeking a stable, high-return asset in a thriving community. The strong tenant occupancy minimizes vacancy risk and provides immediate cash flow. This is a rare opportunity to acquire a well-maintained, income-producing property in a highly sought-after location. The existing fitness center layout offers a turnkey solution for a similar business or provides a flexible foundation for a variety of other professional uses. The ample parking further enhances the property's appeal and functionality. This investment offers a compelling blend of location, income, and potential for future appreciation.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $673,000
Market price range: $673k - $1.11M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $890,000
- COMMERCIAL (GENERAL)
- $865,000
- AUTO REPAIR, GARAGE
- $840,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Newtown
- County
- Bucks
- State
- Pennsylvania
- Longitude
- -74.9371
- Latitude
- 40.2302
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$5,947
$0.00
$32,520
$32,520
-
$0.00
$445,478
$445,478
