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40 S MAIN ST New Hope, PA 18938
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Key Details
Sold Price $1,700,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 3,267 sqft
Price per Sqft $520
MLS Listing ID PABU2070376
Sold Date 09/12/24
Originating Board BRIGHT
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
Property Description
****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.
Location
State PA
County Bucks
Area New Hope Boro (10127)
Zoning CC
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
Building
Lot Description Corner
Sewer Public Sewer
Water Public
New Construction N
Schools
School District New Hope-Solebury
Others
Tax ID 27-010-140
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with James E Briggs • Keller Williams Real Estate-Doylestown
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