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Property profile & analytics
OFF-MARKET Estimated value $890,000
Office buildings

793 Penns Park Rd Newtown, PA 18940-9606

4,488 SF 2.17 ac lot Built 1740
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US73-2454202
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING (MULTI-STORY)
Year built 1740
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,488 SF
Lot 2.17 ac (94,656 SF)
Zoning code VC1
APN 53-014-027
UPID US73-2454202
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
$1.16M
Comparable Approach Comparable
$1.03M
Blend (final) Blend
$890k
Owner & transaction history
Tct Property Management LLC · 1 yrs held
Tct Property Management LLC
since 2025
Last sale
$950,000
1 recorded transaction
2025
$950,000
Zoning & alternative use
VC1 · Newtown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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