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- LoopNet Team
103 S State St
Newtown, PA 18940
Property For Lease
HIGHLIGHTS
- Prime town center location
- Large street-front display windows
- Heavy vehicular and pedestrian traffic
- Approx. 2,800 square feet of ground floor retail
- Existing, built-in refrigeration
- Walking distance to fine dining, restaurants and specialty retail
PROPERTY FACTS
| Property Type | Retail | Gross Leasable Area | 3,862 SF |
| Property Subtype | Storefront Retail/Residential | Year Built/Renovated | 1795/1995 |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 3,862 SF |
| Year Built/Renovated | 1795/1995 |
ABOUT THE PROPERTY
Prime, unique retail space available for lease. Originally built circa 1795 and expanded over time, this free-standing mixed-use property features over 2,800 square feet of prime retail space on the main level (presently home to a well-established florist). The property offers stately presentation in an uncompromising environment comprised of historic presence and modern relevance. Large street-front display windows, brick flooring, side window wall and many distinctive features. The building is situated in the Newtown Borough 'Town Center' (TC) zoning district, which allows for a variety of uses, by right. The demographics and foot traffic for a successful retail business are in place. This offering represents a unique and truly extraordinary opportunity to establish a business in the center of Newtown Borough retail renaissance. The Historic Torbert House is positioned adjacent to numerous national credit tenants (Starbucks, Athleta, Bluemercury) and proximate to the iconic Steepleview project - a $100MM redevelopment project which is underway in the Borough of Newtown (Phase 1 is complete). It is slated to include 110 Luxury Condominiums, a 5-story parking garage, town square, and more. Two additional national credit tenants have committed to the project (Banana Republic & Francesca's). The property is located on State Street, a major throughway, in a highly trafficked area in the heart of Newtown. There are over 111,000 residents living within 5 mile radius with an average household income of $125,000.
