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- LoopNet Team
16 S State St
Newtown, PA 18940
PRIME BUSINESS PROPERTY IN HIGH INCOME AREA · Office Property For Sale
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Atrium
- Courtyard
- Fireplace
- Restaurant
- Air Conditioning
ABOUT 16 S STATE ST , NEWTOWN, PA 18940
A total of 4600 sq.ft. in improved Historic building in the heart of Historic Newtown. High substantial rental income. Gross Annual income represents current gross income increases each year due to lease escalation clauses. Most of the tenants have been in the building for multiple years and are stable tenants. Fully improved and upgraded. No deferred maintenance. Lots of historic character and charm. Many, many upgrades including 50 yr. synthetic slate roof and EP Henry sidewalk,4 HVAC units(each floor with separate HVAC unit and thermostat), high efficiency windows, remodeled powder rms., enclosed rear atrium, substantial plumbing and electrical upgrades, etc. Considered the best retail/office/commercial business location in town. Potential to occupy part of the buildings as leases expire.
PROPERTY TAXES
| Parcel Number | 28-002-005 | Improvements Assessment | $43,360 |
| Land Assessment | $17,440 | Total Assessment | $60,800 |
PROPERTY TAXES
