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110 MAIN ST New Hope, PA 18938
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Key Details
Sold Price $1,875,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PABU2038254
Sold Date 01/31/23
Originating Board BRIGHT
Year Built 1904
Available Date 2022-10-25
Annual Tax Amount $11,974
Tax Year 2022
Lot Size 0.355 Acres
Acres 0.35
Lot Dimensions 99.00 x 156.00
Property Sub-Type Mixed Use
Property Description
Available for the first time in over 50 years, “South Main” is the essence of iconic, quintessential New Hope and always ready to amaze you. A once-in-a-generation opportunity to own this mixed-use commercial/residential landmark prominently located in the heart of downtown New Hope. Comprising of 3 retail stores, 1 restaurant; all with an outdoor display room, a separate 2-unit residential building on Waterloo St., a large private parking lot, all-in-one parcel, this property's unique features and impressive income stream are difficult to replicate. This is a particular opportunity for an investor or owner operator seeking a superior hedge against market volatility. South Main enjoys prime visibility and high traffic, right across from Havana's restaurant and bar. Comprising of a few iconic stores of New Hope, Sav'aged Design, Suzie's Hot Sauce, Nina's Waffles & Ice Cream and Smooth Roots, while the rear features a detached (c.a.2009) building with 2 apartments, which is elevated and facing the river. Each unit has its own garage. This property enjoys a 100% occupancy track record, low taxes and moderate operating expenses. Become a part of the booming growth of New Hope Borough.
Photos legend: Unit 1 retail, Unit 2 retail, Unit 3 restaurant, Unit 4 retail, Unit 5 apartment, unit6 apartment
Location
State PA
County Bucks
Area New Hope Boro (10127)
Zoning CC
Interior
Hot Water Electric
Cooling Other
Heat Source Electric, Natural Gas
Exterior
Garage Spaces 10.0
Water Access N
Accessibility None
Total Parking Spaces 10
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
Elementary Schools New Hope-Solebury Upper
Middle Schools New Hope-Solebury
High Schools New Hope-Solebury
School District New Hope-Solebury
Others
Tax ID 27-010-164
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Standard
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Bought with Stephen G Darlington • BHHS Fox & Roach-New Hope
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