793 Penns Park Rd Newtown, PA 18940-9606
This exceptional commercial property, located at 793 Penns Park Rd, Newtown, PA 18940, presents a unique investment opportunity. The property encompasses two buildings totaling 5,200 square feet, situated on a 2.9-acre lot. The main building, approximately 3,696 square feet, and the secondary building, approximately 1,504 square feet, boast a blend of historic charm and modern functionality. Originally constructed circa 1740 and subsequently expanded in 1988, the buildings feature attractive architectural details including six aesthetically restored fireplaces, hardwood floors, beam ceilings, and impressive built-in bookshelves. The property benefits from a highly visible corner location at the intersection of Second Street Pike and Penns Park Road, offering excellent signage opportunities and convenient access to major routes. Ample parking is available, with a ratio of 7 spaces per 1,000 square feet. The property is zoned VC-1 & VR-1 and is situated within the Penns Park Historic District, offering a strong demographic profile and proximity to various amenities, including restaurants and service-oriented businesses at The Gathering, as well as local retailers and the Wrightstown Medical Center. The beautifully manicured grounds and driveway access from both Penns Park Road and Second Street Pike enhance the property's appeal. Recent improvements and updates have been made, ensuring a turn-key setup suitable for a variety of uses. The asking price is $1,495,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
VC1 · Newtown, PANewtown. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.