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557 Durham Rd
Newtown, PA 18940
Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Located along well-traveled Route 413 minutes from downtown historic Newtown
  • `Currently occupied by longterm tenants
  • Multitude of value-add possibilities to increase net income
  • Large corner income-producing property includes 2 commercial/2 residential spaces
  • Deli/Country Store is being sold with all cooking & refrigeration equipment

PROPERTY FACTS

Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
1,235 SF
Building Class
B
Year Built
1953
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.02
Lot Size
1.18 AC
Zoning
VR4 - Current owner has non-conforming use variance
Parking
5 Spaces (4.05 Spaces per 1,000 SF Leased)
Frontage
200’ on Durham Road

AMENITIES

  • Corner Lot
  • Air Conditioning

ABOUT 557 DURHAM RD , NEWTOWN, PA 18940

557 Durham Road is the corner of Durham Road (RT 413) and Penn’s Park Road in Newtown Township, and the Municipality of Wrightstown. The property covers slightly more than an acre on highly traveled Route 413 which connects Newtown with both New Hope and Doylestown with Buckingham and Churchville. Route 413 is the most trafficked artery in this part of Central Bucks County. Thousands of morning and evening commuters pass this location twice a day. Currently 557 Durham Road, has two commercial spaces, one two-bedroom cottage, and one apartment. The commercial spaces have both been operating for many years, one as a convenient store/deli with a commercial kitchen, and the other is an electronics supply store. The Wrightstown Country Store, an icon on Durham Road for 25 years, is approximately 1,200 SF, including commercial kitchen with walk-in refrigeration, a small office, and a full basement. The property is being sold including all cooking and refrigeration equipment. The electronics store is approximately 1,000 SF is also occupied by a long-term tenant. The cottage and apartment are both occupied by long-terms tenants. There are a multitude of possibilities for the use of this property. With improvements, the rents could be raised dramatically in each of the four units. An owner occupant could occupy the house and operate a business in either (or both) of the commercial spaces. The apartment behind the convenient store could be annexed by the business to add square footage.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
53-012-038
Land Assessment
$9,240
Improvements Assessment
$42,760
Total Assessment
$52,000
  • Listing ID: 19373812

  • Date on Market: 4/29/2020

  • Last Updated:

  • Address: 557 Durham Rd, Newtown, PA 18940

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