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83-85 S Main St 3,453 SF 100% Leased Retail Building New Hope, PA 18938 $1,460,000 ($422.82/SF)
Executive Summary
Mixed use 5 unit building in the heart of downtown historic New Hope, this property features three street retail/special purposes units and two apartments. The commercial tenants feature a variety of uses (from general retail to a contractor's sales office and clairvoyant/psychic readings) and the majority have been in business for many years. Both apartments are studio style and recently renovated. Off street parking for the residential tenants is highly sought after, and makes leasing vacancies easy. Located next door to the town's Tourist Center, and surrounded by thriving restaurants, taverns, shops, and more, this is a rare chance to own part of the hottest small town in the Delaware Valley.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,453 SF
Building Class
C
Year Built
1939
Price
$1,460,000
Price Per SF
$422.82
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.72
Lot Size
0.11 AC
Zoning
CC - Central Commercial is designed to accommodate a mix of retail, professional, residential, and personal services.
Parking
2 Spaces (0.58 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Fred Eisen Leather & Art Knives
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Fred Eisen Leather & Art Knives | Retailer | - | - | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 27-010-090-004 | Improvements Assessment | $24,480 |
| Land Assessment | $28,320 | Total Assessment | $52,800 |
Property Taxes
Parcel Number
27-010-090-004
Land Assessment
$28,320
Improvements Assessment
$24,480
Total Assessment
$52,800
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83-85 S Main St