Karen Jefferys - Coldwell Banker Hearthside
14 & 16 S State St
NEWTOWN, PA 18940

Description

Listed price is for 14 S. State Street ALONE!!! Both 14 and 16 S. State Street are for sale. Buildings are common ownership and are being sold either separate or together. 2 side by side twin buildings 7800 total sq.ft. Two upgraded and fully improved attached Historic buildings in the heart of Historic Newtown's prime business district. Property consists of two addresses and 2 separate deeded and tax parcels(14,16 South State street.). Two buildings are attached twins, are independent of each other and are being sold individually. 14 S. State Street. priced at 960K and 16 S. State Street priced at 1.28million. Purchase both for 1.99million. Fully improved and upgraded. Lots of historic character and charm. Considered the best location in the business district with the highest traffic & visibility situated between the 2 main walkways that service the municipal parking lot. Many, many upgrades including 50 yr. synthetic slate roof, EP Henry sidewalk, 7 HVAC units (each floor of each building has its own HVAC system and thermostat), high efficiency windows, remodeled powder rooms., re-pointed chimneys and stone, etc. Rare off street parking in this block for 3-4 vehicles. Currently one small unit available to be occupied but other leases expire at different times and user can occupy more space in a short period of time if purchasing as user/investor. Varied mix of retail, office and commercial tenants. Can be used as partial residential with no renovations needed, if desired. Both buildings are completely wired for both FIOS and Comcast internet. Best retail/commercial/office location in the premier block of the business district and buildings command the highest rental values. Purchaser to be sufficiently capitalized and qualified to purchase. Will sell each building separately but with simultaneous sales and settlement. NOTE: real estate taxes and assessement is combined for both buildings.,This listing is perfect for the user/investor combination where the purchaser can work and/or live and have an investment all in one package with additional rental income to support almost the entire mortgage. There is one small office/commercial unit that could be occupied quickly for a user/investor and additional units could be occupied in a few months as leases expire. This property is the only property in the premiere block of S. State St with off street parking from State St. Most tenants have occupied the buildings for multiple years. Apartment(currently rented as offices) is located in 14 S State St. The apartment is

Details

MLS#1000464302
StyleIndustrial
Sub-TypeResale
StatusActive
Year1830
Days On Site113

Features

SQ Feet7,800
Story(s)0
ZoningVC
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Market Activity 18940

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Area Information

StatePA
CityNEWTOWN
Zip Code18940
AreaNewtown Boro (10128)
Listing VS Median (in 18940)
Price:
$960,000
low | high
Med:
$695,000
77.604166666667% of Average
SqFt:
7,800
low | high
Med:
2,864
100% of Average
$ / SqFt:
$123
low | high
Med:
$243
47.167423184358% of Average
On Site:
113
low | high
Med:
144
78.472222222222% of Average
Listing Updated: 08/20/2018
MLS Number: 1000464302
Listing Provided By:
Michael E Riccardi  of  M Riccardi Agency Inc

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