793 Penns Park Rd Newtown, PA 18940-9606
Property profile & analytics
793 Penns Park Rd, Newtown, PA 18940-9606
- Office buildings
- 4,488 SF
- 2.17 lot acres
Property ID
US73-2454202
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 buildings
Property Details for 793 Penns Park Rd
- Year built
- 1740
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 2.17 lot acres
- Zone code
- VC1
- Property type
- Office buildings
- APN
- 53-014-027
- APU
- 53014027
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $610,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,255,000
- 6.5%
- $1,160,000
- 7%
- $1,075,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,032,000
- AI Estimate
- $636,000
Market price range: $836k - $1.38MMarket price range: $278k - $1.10M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,125,000 Current use
- MEDICAL BUILDING
- $1,110,000 Change: -2% Conversion: Easy
- COMMERCIAL (GENERAL)
- $1,075,000 Change: -5% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,045,000 Change: -7% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Newtown
- County
- Bucks
- State
- Pennsylvania
- Longitude
- -74.9973
- Latitude
- 40.2663
- 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
$13,436
$24,800
$51,280
$76,080
-
$339,725
$702,463
$1,042,188
