203 N Sycamore St
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203 N Sycamore St
5,902 SF 100% Leased Retail Building Newtown, PA 18940 $5,555,280 CAD ($941 CAD/SF)
Investment Highlights
- Prime corner retail opportunity
- Recent capital improvements
- Value add potential (2 apartments)
- Turn-key restaurant
- Potential income producing investment property
- R - Liquor license available
Executive Summary
SVN is pleased to present the exceptional and rare opportunity to acquire an iconic property located in Newtown, Bucks County. The offering is for a quintessential building with historic ambiance at the signalized intersection of North Sycamore Street and Jefferson Street in Newtown which has a history of housing successful restaurant businesses. The building is currently fit out as restaurant space with seating for 140+ patrons indoors with additional outside dining available on a beautiful wraparound porch. Originally built in 1796 and expanded over time, this free-standing building measures approximately 5,900 square feet which is comprised of restaurant space and two apartments. The building also has substantial space in the lower level (basement) which currently serves the restaurant operation. The site is conveniently situated in Newtown’s Town Center (TC) zoning district, which allows for a variety of uses by right. The site enjoys an excellent demographic profile and accommodates both walking and vehicular retail traffic. This offering represents a unique and truly extraordinary opportunity to establish/invest in a business to join the local, regional and national operators presently enjoying Newtown’s thriving retail market.
Prime, free-standing corner restaurant space located in the heart of historic Newtown Township, Bucks County, Pennsylvania. Prominent location in a fast growing area of Newtown. In close proximity to many local and national retailers, prime shopping and dining. Located at the corner of a signalized intersection, this property provides exceptional accessibility and visibility to both local and commuter traffic.
Prime, free-standing corner restaurant space located in the heart of historic Newtown Township, Bucks County, Pennsylvania. Prominent location in a fast growing area of Newtown. In close proximity to many local and national retailers, prime shopping and dining. Located at the corner of a signalized intersection, this property provides exceptional accessibility and visibility to both local and commuter traffic.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,902 SF
Building Class
C
Year Built
1796
Price
$5,555,280 CAD
Price Per SF
$941 CAD
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.40
Land Acres
0.34 AC
Zoning
Town Center Historic- TCH
Parking
25 Spaces (4.24 Spaces per 1,000 SF Leased)
Frontage
85 ft on N Sycamore St
Walk Score ®
Very Walkable (85)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 29-012-016-001 | Improvements Assessment | $51,896 CAD |
Land Assessment | $14,795 CAD | Total Assessment | $66,691 CAD |
PROPERTY TAXES
Parcel Number
29-012-016-001
Land Assessment
$14,795 CAD
Improvements Assessment
$51,896 CAD
Total Assessment
$66,691 CAD
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203 N Sycamore St
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