New Hope, PA 18938,40 S MAIN ST
New Hope, PA 18938,40 S MAIN ST
New Hope, PA 18938,40 S MAIN ST
New Hope, PA 18938,40 S MAIN ST
New Hope, PA 18938,40 S MAIN ST
New Hope, PA 18938,40 S MAIN ST
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$1,700,000

$1,850,000

8.1%
Est.Price: ?

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Est. payment /mo

3,267 SqFt


SOLD DATE : 09/12/2024

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 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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Bright MLS (BMLS)
Listed by Gregory J Dwornikowski • Addison Wolfe Real Estate
Bought with James E Briggs • Keller Williams Real Estate-Doylestown
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7466 New Ridge Road Suite 1, Hanover, MD, 21076

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