$ 1,700,000 $ 1,850,000 8.1%

40 S MAIN ST

New Hope, PA 18938

  • 4,554 Lot Size
  • 1870 Year Built
****AMAZING CENTER-OF-TOWN INVESTMENT OPPORTUNITY *** Fully leased mixed-use building in New Hope's best Main Street retail location. Directly across from the Logan Inn and steps to the reknowned Bucks County Playhouse. Two doors down from the popular Ferry Market. Two retail spaces plus one 1-bedroom apartment. Six on-site parking spaces. Retail tenants enjoy tremendous foot traffic generated by surrounding restaurants, shops, theater, and riverfront promenade. Long-time main floor tenant operates successful New Hope Apparel Co. Ferry St tenant operates Alta's Kitchen, a French style gourmet cafe. One upstairs residential unit with beautiful architectural features and updated granite/stainless kitchen.... still plenty of rental upside with further renovation to take the unit to the next level. $117,000 of in-place building rents. A wonderful investment opportunity for long-term multi-generational hold in a 5-star location in New Hope's booming downtown. Call today before its too late.
Listed by Gregory J Dwornikowski of Addison Wolfe Real Estate , Sold By James E Briggs of Keller Williams Real Estate-Doylestown

PROPERTY DETAIL

  • Key Details

    Sold Price $1,700,000

    Property Type Commercial

    Sub Type Mixed Use

    Listing Status Sold

    Purchase Type For Sale

    MLS Listing ID PABU2070376

    Sold Date 09/12/24

    Year Built 1870

    Annual Tax Amount $11,694

    Tax Year 2024

    Lot Size 4,554 Sqft

    Acres 0.1

    Lot Dimensions 33.00 x 138.00

    Property Sub-Type Mixed Use

    Source BRIGHT

  • Location

    State PA

    County Bucks

    Area New Hope Boro (10127)

    Zoning CC

  • Building

    Lot Description Corner

    Sewer Public Sewer

    Water Public

    New Construction N

  • Interior

    Hot Water Electric

    Heating Baseboard - Hot Water

    Cooling Ductless/Mini-Split, Window Unit(s)

    Flooring Carpet, Hardwood, Tile/Brick

    Heat Source Natural Gas

  • Exterior

    Garage Spaces 6.0

    Water Access N

    View City

    Roof Type Asphalt,Shingle

    Accessibility None

    Total Parking Spaces 6

    Garage N

  • Schools

    School District New Hope-Solebury

  • Others

    Tax ID 27-010-140

    Ownership Fee Simple

    Special Listing Condition Standard

CONTACT

Greg Dwornikowski
Greg Dwornikowski

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