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12-20 W Bridge St 8,250 SF 100% Leased Retail Building New Hope, PA 18938 $3,985,000 ($483.03/SF)
Executive Summary
An exceptional mixed-use investment opportunity in the heart of downtown New Hope. Prominently positioned along one of the borough's most visible commercial corridors, this fully renovated property consists of three commercial storefronts and six residential apartments, offering a rare combination of strong in-place income, recent capital improvements, and long-term upside in one of Bucks County's most sought-after destinations. The commercial component benefits from excellent street exposure, steady foot traffic, and established tenants, while the residential offerings include a desirable mix of one- to four-bedroom apartments that command strong rental demand. Five of the six residential units have undergone extensive recent renovations, including updated kitchens, bathrooms, flooring, lighting, appliances, and fresh interior finishes. Several units feature multi-level, luxurious townhouse-style layouts, exposed brick, and private outdoor spaces, further enhancing their appeal. Ownership has made substantial investments throughout the property, including exterior painting and maintenance, renovated common areas, new patios and decks, upgraded steps and footings, and roof improvements. A valuable private parking lot located behind the buildings provides a significant competitive advantage in downtown New Hope, where dedicated parking is increasingly difficult to secure. Residents and commercial tenants alike benefit from convenient off-street parking while remaining just steps from the town's renowned restaurants, galleries, boutiques, entertainment venues, and the Delaware River. With a diverse income stream, attractive tenant mix, extensive recent improvements, and an irreplaceable downtown location, this is a rare opportunity to acquire a high-performing investment asset in the center of New Hope, PA.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
8,250 SF
Building Class
C
Year Built
1900
Price
$3,985,000
Price Per SF
$483.03
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.58
Lot Size
0.33 AC
Zoning
CC - CC zoning in New Hope, Pennsylvania is the zoning designation for the Central Commercial District
Parking
15 Spaces (1.82 Spaces per 1,000 SF Leased)
Frontage
86’ on Bridge St
Fairly walkable
50/100
Exceptionally drivable
100/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 27-010-028 | Improvements Assessment | $70,600 |
| Land Assessment | $55,400 | Total Assessment | $126,000 |
Property Taxes
Parcel Number
27-010-028
Land Assessment
$55,400
Improvements Assessment
$70,600
Total Assessment
$126,000
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Presented by
Compass RE New Hope
12-20 W Bridge St
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